White Plains, New York – April 24, 2014 - Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property/casualty insurer that exclusively caters to high net worth individuals and families, today announced their sponsorship of the Assurex Global Private Client Practice Group.
Assurex Global is an exclusive partnership of many of the world’s premier independent insurance agents and brokers. “We are excited by the opportunity to launch our Assurex Global Private Client Practice Group with the support of PURE, “said Jim Hackbarth, Assurex Global president and CEO. “The PCPG is truly comprised of industry experts in this market and by coming together, these experts will be able to offer exclusive products and services to better serve the needs of high net worth clients.”
This strategic partnership between PURE and Assurex Global will afford both parties access to educational and networking events, thought leadership content, and enhanced expertise. Assurex Global Partners recognize that the personal connections and knowledge gained through years of doing business in the same community makes a true difference in delivering outstanding client service. Today, many of Assurex Global’s 55 North American Partner firms already represent PURE, and others will be authorized to do so throughout 2014.
“Assurex Global Partners are among the most qualified and professional independent brokers in the industry,” said Mark Galante, senior vice president and CMO with the PURE Group of Insurance Companies. “Supporting the development of the Private Client Practice Group aligns well with PURE’s commitment to deliver the highest level of service and expertise while growing the high net worth insurance category.”
About Assurex Global
Founded in 1954, Assurex Global is an exclusive partnership of the most prominent independent agents and brokers in the world. With more than $28 billion in annual premium volume and more than 600 Partner offices, Assurex Global is the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group. An international insurance powerhouse, the partnership combines the local expertise and global reach of international brokers on six continents. For information about Assurex Global, visit www.assurexglobal.com.
Privilege Underwriters Reciprocal Exchange (PURE) is a policyholder-owned insurer dedicated to creating an exceptional experience for responsible high net worth individuals and families. PURE provides best-in-class, customizable coverage throughout most of the U.S for high-value homes, automobiles, jewelry, art, personal liability, watercraft and flood. Inspired by some of the finest policyholder-owned companies in the world, PURE emphasizes alignment of interests and transparency. PURE’s low cost of capital, careful member selection, and proactive risk management all contribute to highly competitive rates. As a member of The PURE Group, PURE is rated A- “Excellent” for Financial Strength by A.M. Best. In return for a fee, PURE Risk Management, LLC acts as Attorney-in-Fact for PURE. For more information or to find a local agent, visit pureinsurance.com.
Interviews with PURE's executives, agents and members may be coordinated upon request.
Copies of the A.M Best Company report are available.
This material is descriptive only. The precise coverage offered is subject to the terms and conditions of the policies issued. The rights and responsibilities of members are subject to the Subscriber’s Agreement and Power of Attorney. Coverage may not be available in all jurisdictions.