A new trade association has been formed to specifically focus on a segment of the property insurance industry that has “taken off” during the last several years.
The Council for Insuring Private Clients (CIPC) has its sights on developing best practices for providing insurance solution to the high-net-worth population.
Richard Kerr, CEO of MarketScout, says the Dallas-based electronic insurance exchange is a founding partner and developer of the association, which already calls ACE, AIG, Fireman's Fund and Lloyd's partners. A dozen of the largest high-net-worth personal insurance firms are on board, he adds.
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