Ironshore expands private insurance portfolio
Ironshore Private Client Group (Ironshore), a specialty property and casualty insurer, has broadened its private insurance portfolio product to high net worth homeowners in Connecticut.
The portfolio coverage is available in four states on an admitted basis, the other three states being Pennsylvania, New Jersey and Georgia.
This product was introduced in March and is expected to meet the insurance needs of affluent and high net worth individuals and their families.
The policy offers customised coverage for high value homes, vacation properties, watercraft, jewelry and other valuable collections.
Excess liability protection is also available to provide an additional layer of protection for high risk liability exposure that exceeds the policy limit.
“Our entry into Connecticut is an important milestone in rolling out this specialty product to high net worth individuals in selected states nationwide, “ said Daniel Olmsted, head of Ironshore.
“Connecticut is home to a significant concentration of high net worth individuals and highly valued properties, which is supported throughout the state by a very strong independent agency and broker network.”
The product includes a comprehensive liability coverage of up to $1 million in the homeowner policy and up to $10 million in global coverage under the personal umbrella option. It will also offer watercraft and yacht coverage with limits of up to $10 million.
