PURE’s member-owned model means that the interests of our membership are not at odds with delivering returns to disinterested shareholders. We focus on doing what’s right for our members and are able to deliver excellent service while saving them an average of 20% per year.
We serve smart, sophisticated people who want to know where their money is going, how prices are set, and how PURE is being managed. So we tell them. We issue an annual report each year, share Pricing Principles for how rates are set, and provide a detailed look into the governance of PURE.
We deliver a service experience that minimizes the demands on our members' time by providing a variety of resources to prevent losses, assist in the claim process and beyond.
PURE's unique structure creates alignment between our members and an elite group of outside shareholders.
Ross Buchmueller is the CEO of the PURE Group of Insurance Companies. His career spans more than 30 years and has been exclusively focused on the specialized property & casualty insurance needs of high net worth individuals and families. After spending more than a decade at The Chubb Group, Ross founded AIG’s Private Client Group and served as its president for more than six years. After witnessing firsthand the inefficiencies in the high net worth insurance market, he decided to do something about it: In early 2006, he and two colleagues, Martin Hartley and Jeffrey Paraschac, set out to create a better insurance company. The PURE Group of Insurance companies was designed to reduce the natural conflicts that exist between shareholders and policyholders and provide exceptional coverage, service and significant savings.
We were able to look at the natural conflicts between policyholders and shareholders, and design a business that would create this alignment, and that's what we've done.
Member insurers of the PURE Group of Insurance Companies are rated A- (Excellent) with a Positive Outlook for financial strength by A.M. Best. This rating reflects strong capitalization, highly conservative reinsurance, management’s track record, and a strong investment portfolio.
PURE has grown organically by more than 30% every year since inception, making it the fastest-growing personal insurer in the U.S. We’re proud of the fact that we’ve maintained disciplined underwriting during our growth, as reflected by our favorable loss ratios (a measure of underwriting health and profitability).