A new trade association, the Council for InsuringPrivate Clients (CIPC), has been formed to develop best practicesfor providing insurance solutions to the High-Net-Worth (HNW)demographic, says Richard Kerr, CEO of MarketScout—the Dallas-basedelectronic insurance exchange that is a CIPC founding partner anddeveloper.
Ace, AIG, Fireman's Fund and Lloyd's are also partners; intotal, a dozen of the largest HNW personal-insurance firms are onboard, Kerr notes.
The CIPC is in its infancy, but it already has an annualconference scheduled for April 2013 in Grapevine, Texas—completewith networking opportunities with professional-sports andentertainment agents as well as wealth managers.
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