New Trade Association Looks to Share High-Net-Worth Best Practices

A new trade association, the Council for Insuring Private Clients (CIPC), has been formed to develop best practices for providing insurance solutions to the High-Net-Worth (HNW) demographic, says Richard Kerr, CEO of MarketScout—the Dallas-based electronic insurance exchange that is a CIPC founding partner and developer. 

Ace, AIG, Fireman’s Fund and Lloyd’s are also partners; in total, a dozen of the largest HNW personal-insurance firms are on board, Kerr notes.

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