WHITE PLAINS, N.Y.—Mar. 18, 2020— Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer designed for high net worth individuals and families, was honored today as Best Insurance Underwriter by the Family Wealth Report Awards 2020. This is PURE’s fifth consecutive year achieving this distinction in this category, showcasing the company’s continued recognition as a leader in the high net worth insurance industry.
Now in its seventh year, the Family Wealth Report Awards highlights best-in-industry providers in the global private banking, wealth management, and trusted advisor communities. The Awards were designed to reward achievement and recognize companies, teams, and individuals determined by the judging panel to have demonstrated top class performance and innovation.
“As we continue to face unprecedented risks today, providing first-class service for our members remains our top priority,” said Martin Hartley, Chief Underwriting Officer at the PURE Group of Insurance Companies. “We are humbled to once again be recognized by Family Wealth Report and look forward to continuing to innovate in the high net worth insurance space. We are grateful for the constant support of our membership and dedication of our employees that drive this award-winning work.”
ClearView Financial Media’s CEO, and Publisher of WealthBriefing, Stephen Harris, was first to extend his congratulations to all the winners. He said: “The firms who triumphed in these awards are all worthy winners, and I would like to extend my heartiest congratulations. These awards were judged solely on the basis of entrants’ submissions and their response to a number of specific questions, which had to be answered focusing on the client experience, not quantitative performance metrics. That is a unique, and I believe, compelling feature. These awards recognise the very best operators in the private client industry, with ‘independence,’ ‘integrity’ and ‘genuine insight’ the watchwords of the judging process – such that the awards truly reflect excellence in wealth management.”
About The PURE Group of Insurance Companies Privilege Underwriters Inc. (PUI), a member of the Tokio Marine Group, was founded in 2006 and is the holding company for the PURE Group of Insurance Companies and related entities (the PURE Group). PUI and its subsidiaries provide capital support and operational services to the policyholder-owned entity, Privilege Underwriters Reciprocal Exchange (PURE).
PURE is dedicated to creating an exceptional experience for responsible high net worth families, providing customizable coverage for high-value homes, automobiles, jewelry, art, personal liability, watercraft, flood, fraud and cyber fraud. In return for a fee, PURE Risk Management LLC, a wholly-owned subsidiary of PUI, serves as Attorney-in-Fact for PURE. The PURE Group's low cost of capital, careful member selection and proactive risk management all contribute to highly competitive rates and a Financial Strength Rating of "A (Excellent)" from A.M. Best Company, Inc. Today, PURE's membership includes more than 90,000 families from across the U.S.
For more information or to find a local broker, visit pureinsurance.com. You can follow PURE on Facebook, Twitter, LinkedIn and Instagram.
About ClearView Financial Media Ltd (“ClearView”)
ClearView Financial Media was founded by Chief Executive, Stephen Harris in 2004, to provide high quality ‘need to know’ information for the discerning private client community. London-based, but with a truly global focus, ClearView publishes the Family Wealth Report group of newswires, along with research reports and newsletters, while also running a pan-global thought-leadership events programme.