Morgan Stanley says that it’s expanding its suite of insurance offerings for high-net-worth clients with the addition of property and casualty insurance.
The company has partnered with insurance brokers HUB International, Marsh Private Client Services and Willis Towers Watson to offer clients the ability to assess their risk exposure related to property loss and general liability and then find coverage through the brokers’ suite of insurance providers, according to a press release form Morgan Stanley.
Additional services available through the new program include continuous policy reviews, aimed at ensuring that the client’s coverage is appropriate and sufficient, and alerts about events such as hurricanes and wildfires that may require extra precautions in regard to the clients’ assets, Morgan Stanley says.
Clients will have access to dedicated service teams and streamlined insurance claim processing, according to the press release.
In addition, Morgan Stanley’s clients are getting access to personal insurance lines, including inland marine, watercrafts, umbrella/excess liability, aviation, flood and cybersecurity, as well as to commercial insurance lines, including inland marine, general and professional liability, aviation, crime and umbrella/excess liability, the company says.
The P&C offering builds on Morgan Stanley’s existing insurance products, which include life, long-term care and disability insurance offered in conjunction with the firm’s insurance agency affiliates, according to the press release.
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