Hiscox responds to broker demand with private client launch
Hiscox responded to customer research and broker demand to launch a wholly-owned tied agency which will work exclusively with the insurer's products.
The provider said Hiscox Private Client was opened following in-house research which showed that the majority of high net worth (HNW) customers don't use a HNW insurer.
Hiscox added that specialist commercial brokers which do not possess in-house private client expertise was also a key driver behind the launch.
Hiscox head of art & private client, Justin Gott, said: "Research shows that 80% of HNW customers don't use a HNW insurer.
"That's a big business opportunity for brokers and specialist
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