High net worth (HNW)
Hiscox remains in profit despite cat losses as chairman steps down
Hiscox has reported a pre-tax profit of £17.3m for 2011, down from £211.4m the previous year, as the company’s chairman Robert Hiscox announced his intention to step down.
Hiscox promotes Gott to lead on art and private clients
Hiscox has announced the promotion of Justin Gott to the position of head of art and private client, Hiscox UK and Ireland.
Manchester appointments boost regional underwriting presence
Arista and Sterling have both made several appointments to their offices in Manchester.
Insurance 360 Research: High Net Worth Personal Lines Insight Report 2011
Based on comprehensive input from 212 British Isles HNW P/L broking professionals, the High Net Worth Personal Lines Insight Report 2011 details the front-line service performance of the broker market's ten most-used HNW P/L insurers and MGAs.
Home & Legacy achieves chartered status
The Chartered Insurance Institute (CII) has awarded Chartered Insurance Broker status to high net worth insurance specialist, Home & Legacy.
Product: Axa releases more efficient art offering
Axa Art has targeted the owners of art and other valuable collectible items such as vintage cars, wine and furniture with its new insurance policy, ArtFIRST.
Macbeth targets professions and HNW markets with new hires
Reading-based Macbeth Chartered Insurance Brokers has appointed a new head of professions and head of private clients as it looks to grow its business.
Sterling targets northern business with new Manchester office
Sterling Insurance has confirmed it will open a regional branch in Manchester by the end of March 2012.
Bartlett adds Lloyd’s offering
Bartlett & Company has registered as a Lloyd’s broker in a move which it believes will open new markets for business.
La Playa adds yacht specialism
La Playa has appointed Mike Taylor-West to the new role of head of private client and marine, London, as the insurance broker looks to develop a specialism for yachts and pleasure craft.
R&Q takes on latest run-off business, adding to HNW portfolio
Randall and Quilter Investment Holdings (R&Q) has bought the yacht and marine trade book from Talbot Underwriting subsidiary Underwriting Risk Services.
Products: industry refocuses on online product offerings
Both ends of the broker product flow have seen a refocusing on websites to grow business in the new year. Connoisseur Underwriting, an MGA focused on antique and fine art dealers, auctioneers and collectors, has revamped its website with online product…
HNW players jockey for position
High net worth was the big growth area last year, and the new players will be looking to establish themselves
R K Harrison takes on ex Marsh chief for HNW drive
R K Harrison has appointed Marcus Rennick, the former head of private clients at Marsh and HSBC, to support the growth of its UK high net worth business with a particular focus on the south east.
Scottish broker makes Edinburgh acquisition
Central Insurance has completed its second acquisition of the year with the purchase of Edinburgh-based Castle Cairn Insurance Brokers.
RK Harrison completes MWA takeover
RK Harrison has completed the acquisition of Mercury West Associates following completion of due diligence and the approval of the transaction from the Financial Services Authority.
Products: Biba switches its high net worth scheme provider
The British Insurance Brokers’ Association (Biba) has replaced Sterling with Aqua as the provider of its high net worth (HNW) scheme for members from 1 February 2012.
Product roundup: ‘Tis the season to tackle cyber crime
While it may seem incongruous to raise such matters in the season of goodwill, this month’s products and schemes pages are dominated by cyber crime, fraud, litigation and a change at Biba’s oldest scheme as the association dispensed with Sterling’s…
Synergy sale marks latest shake up in HNW sector
High net worth managing general agent (MGA), Synergy Insurance Services, has been purchased by Randall and Quilter.
Austyn Tusler shows up at Barbican
Former Hiscox private clients chief Austyn Tusler has moved to Barbican, one of a series of appointments at the Lloyd’s syndicate.
Tusler leaves Hiscox
Austyn Tusler, head of art and private client business at Hiscox has left the high net worth insurer.
Makeover for Smith Greenfield
Smith Greenfield has announced a rebrand aimed at highlighting its specialist knowledge in the high net worth sector.
Stackhouse Poland buys Croydon-based broker
Stackhouse Poland has acquired Sutton Meears & Co for an undisclosed sum.
Amlin takes on new mid/HNW team from Hardy
Amlin UK has announced the appointment of a new team to its mid/high net worth household account.