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High net worth | Insurance Insider US
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| Jan 22, 2025 2:22:16 PM
Catastrophe losses
LA fire subrogation: The ~$8bn dollar question
The market expects a lower proportion of restoration by utilities than after 2018’s Camp Fire.
Rachel Dalton
,
January 21, 2026
High net worth
Pure to reduce admitted homeowners’ rates in Florida starting February
On average, Pure members will see a 7.6% rate decrease.
Kyoung-son Song
,
January 14, 2026
Talent
Former Pure CEO Buchmueller joins PCS as board chair
The independent MGU was spun out of AIG in 2023.
Jairo Ibarra
,
January 05, 2026
Catastrophe losses
Quiet wind season leads Q3 cat loss ratios to drop across the board
Insurers with SCS exposure reaped fewer benefits but still improved over Q3 2024.
Adam Kovac
,
November 20, 2025
Talent
Howden US taps Liberty Company’s Clark to head Private Risk Solutions
Dale Krupowicz was also named head of operations for the segment.
Kyoung-son Song
,
October 15, 2025
High net worth
HNW carriers align on growth opportunity, but underwriting strategies differed in Q2
Insurers did not see a slowdown in rate but some are still fine-tuning their portfolios following the LA fires.
Kyoung-son Song
,
August 08, 2025
Earnings
AIG Q2 GI CoR improves 3.2 pts to 89.3% on higher reserve releases
Q2 cat losses at AIG declined to $170mn from $330mn in the prior year quarter.
Jairo Ibarra
,
August 06, 2025
High net worth
Hagerty receives LOI from Markel for new fronting arrangement
Hagerty Re will now assume 100% of the premium and 100% of the risk.
Kyoung-son Song
,
July 24, 2025
Brokers
Brown & Brown to buy UK bloodstock broker Weatherbys Hamilton
Weatherbys Hamilton provides private client, bloodstock and farm coverage.
Jairo Ibarra
,
July 23, 2025
High net worth
Applied Home National Underwriters CEO Courtemanche departs after two years
The industry veteran has been in personal lines HNW for more than four decades.
Kyoung-son Song
,
July 17, 2025
High net worth
HNW umbrella rates increasing double digits driven by loss cost inflation
When it comes to sympathetic juries, high net worth individuals are under the same pressure as corporations.
Kyoung-son Song
,
July 08, 2025
High net worth
HNW insurers still eager to grow but taking a selective approach
The January wildfires did little to hamper their appetite, apart from California.
Kyoung-son Song
,
July 07, 2025
High net worth
Chubb to move hundreds of admitted CA HNW policies to E&S paper
The transition will be implemented starting October 15.
Kyoung-son Song
,
July 01, 2025
Talent
Burns & Wilcox elevates Gatewood to EVP of personal insurance
The executive has been with the firm for close to 15 years.
Kyoung-son Song
,
June 09, 2025
Catastrophe losses
Q1 cats: Losses highest in five years as wildfire losses mount
Wildfires resulted in heavy losses for insurers focused on HNW, personal lines and reinsurance.
Adam Kovac
,
May 21, 2025
Earnings
Pure breaks even in 2024 with net CoR of 100.4%
The LA wildfires, however, will be the firm’s largest event to date.
Kyoung-son Song
,
April 29, 2025
High net worth
Tariffs will increase rebuilding costs for CA HNW homes: The Liberty’s Poux
Imported goods account for 30%-50%+ of materials used for HNW homes, versus 15%-25% in standard houses.
Kyoung-son Song
,
April 22, 2025
Personal Lines
Pure pauses writing new business in certain California counties
The counties make up for the majority of the state’s high net worth market, sources said.
Kyoung-son Song
,
April 10, 2025
MGAs/MGUs
Hagerty and The Hanover to offer specialized coverage for collector cars
The coverage will only be available in Illinois and Michigan at first.
Adam Kovac
,
April 09, 2025
Personal Lines
Smoke damage could double ultimate losses for LA wildfires: Wows CEO
The MGA recently secured capacity to write HNW homes in California.
Kyoung-son Song
,
March 13, 2025
Regulation
Seven carriers have plans to expand in California after reforms: CDI
Four cat modelers have also submitted their tech for regulatory review.
Clark Mindock
,
March 11, 2025
Personal Lines
CinFin puts $10mn sub-limit on CA wildfire as it re-opens for business
The carrier is only going to write new business on E&S paper, sources said.
Kyoung-son Song
,
March 05, 2025
Personal Lines
Chubb re-opens in CA HNW homeowners with stricter underwriting guidelines
Under the new guidelines, the carrier is requiring more distance from the brush.
Kyoung-son Song
,
March 03, 2025
Personal Lines
Chubb promotes Scheffler to president of Personal Risk Services
Former PRS president Ana Robic was promoted to regional president.
Kyoung-son Song
,
February 26, 2025
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