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.
The CIPC is in its infancy, but it already has an annual conference scheduled for April 2013 in Grapevine, Texas—complete with networking opportunities with professional-sports and entertainment agents as well as wealth managers.
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