Morgan Stanley launches P&C insurance for high net worth clients
Morgan Stanley announced that it has teamed up with insurance brokers HUB International, Marsh Private Client Services, and Willis Towers Watson to offer Property & Casualty insurance to its high net worth clients and their families. This is an expansion of the company’s current suite of insurance offerings that include life insurance, long-term care insurance and disability insurance.
Through this new arrangement, HUB International, Marsh Private Client Services, and Willis Towers Watson will assist Morgan Stanley clients in assessing their risk exposures and provide solutions to help them protect their assets. In addition, clients will also have access to personal insurance products such as Inland Marine, Watercrafts, Umbrella/Excess Liability, Aviation, Flood and Cyber insurance, as well as a range of commercial products including Inland Marine, General & Professional Liability, Aviation, Crime and Umbrella/Excess Liability.
“Our clients place a high priority on asset protection and by working with these industry-leading insurance brokers, Morgan Stanley can address their need for a comprehensive insurance strategy as part of their overall relationship.” – Joseph Toledano, Head of Insured Solutions, Morgan Stanley Wealth Management Investment Solutions.