Morgan Stanley dips toe into insurance with P&C

Morgan Stanley dips toe into insurance with P&C | Insurance Business

Morgan Stanley dips toe into insurance with P&C

Morgan Stanley has expanded its range of insurance offerings aimed at high net worth clients.

The brokerage has partnered with HUB International, Marsh Private Clients Services, and Willis Towers Watson to provide P&C insurance to wealthy clients.

Barron’s reported that Morgan Stanley’s insurance clients will receive support from “dedicated service teams.” As part of the agreement, Morgan Stanley’s partner brokers will offer clients continuous policy reviews, allowing them to assess their own P&C insurance needs. They will also alert clients on impending emergency situations, such as hurricanes or wildfires, where the clients would need extra coverage.

Clients will also have access to a suite of personal and commercial insurance lines, including inland marine, watercrafts, aviation, flood, cybersecurity, as well as general & professional 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,” said Morgan Stanley head of insured solutions Joseph Toledano in a statement.

The new P&C offering will be offered alongside Morgan Stanley’ existing products, such as life insurance, long-term care insurance, and disability insurance – all of which are available through the company’s wealth management investment solutions - insured solutions business.