20th November 2017: General Insurance provider, Berkeley Alexander, has today announced that Beazley has joined its Mid to High Net Worth Panel. The addition of Beazley to the panel, which already includes Hiscox, Covea, Home & Legacy, Dual, Oak Underwriting, Towergate, Palladium and Plum, makes it one of the broadest in the market.
Beazley offers a comprehensive ‘all risks’ home insurance policy designed for Mid to High Net Worth individuals with higher value homes and possessions. It is suitable for individuals requiring a minimum £50,000 general contents cover. It comes with the option to include items such as jewellery, fine art and antiques anywhere worldwide and provides protection against a wide range of events including accidental loss or damage.
Geoff Hall, Managing Director of Berkeley Alexander, comments: “Underinsurance remains a significant challenge particularly for the mid net worth sector, where customers don’t fit the mould for either standard home insurance or bespoke high net worth offerings.”
He continues: “We are committed to supporting our intermediary partners in providing access to the very best products and services to meet the needs of every client on their books. Mid net worth clients, like high net worth, need advice and access to solutions that don’t just protect their home but also their lifestyle. This is a flourishing and highly competitive insurance market, and we are delighted to be taking the lead in tackling the mid net worth insurance challenge.”
David Wood, Head of Home Insurance at Beazley, adds: “Working in partnership with high calibre insurance brokers such as Berkeley Alexander, we seek to deliver an exceptional underwriting and claims service to our policyholders. As a specialist insurer Beazley has built a well-deserved reputation for developing innovative responses to changing client needs and our Homeowners coverages for the mid-net worth market are no exception.”