NEW YORK--(BUSINESS WIRE)--Vault, the insurance company created exclusively around the unique and fast-changing needs of the high net-worth market, announced today that it has received approvals to underwrite in Connecticut, New Jersey and Pennsylvania. This adds to their existing operations in Florida and South Carolina and non-admitted coverage offerings in the U.S.
“We are excited to bring our reimagined, modern approach to the thriving high net-worth markets in the Northeast,” said Charles Williamson, CEO of Vault. “The region has long served as a driver of innovation, and their most successful households deserve creative and flexible solutions to protect all facets of the lifestyle and serve their coverage needs.”
“Vault truly understands the complex needs and unique challenges of our clients,” said Stacy Warren, Chief Experience Officer at Vault. “With a platform centered on simplicity and world-class customer service, we are eager to offer our modern coverage solutions in this key region.”
Developed to create an effortless client-broker experience, Vault offers insurance coverage and services for high-value homes, art, jewelry, cyber and personal excess liability coverage. Its unique business model, built on agent feedback, delivers these solutions under one seamless transaction, powered by a web platform that offers quick quote and binding.
For more information, visit https://vault.insurance.
About Vault
Founded in 2017, Vault is a modern insurance concept built from the outside in, based on input from leading agents, and brought to life by an empowered group of extraordinary professionals. The company is a unique combination of a policyholder-owned reciprocal insurance exchange and a surplus lines company focused on serving the unique, fast-changing needs of the affluent. Vault is majority-owned and supported by Allied World, a global leader in insurance and reinsurance. Allied World provides significant capital and operational support to Vault. Further information on Vault’s product offerings and financial ratings are available at vault.insurance. Vault Reciprocal Exchange is rated A- by A.M. Best.
Vault: thoughtful, dynamic, simple- built around you.
Vault is the marketing name used to refer to Vault Reciprocal Exchange, a Florida-domiciled reciprocal insurance exchange managed by Vault Risk Management Services, LLC as its attorney-in-fact, and its affiliates. Certain products and services may be provided by its affiliates. Certain coverage may be provided by an affiliated surplus lines insurer. Not all products and services may be available in all jurisdictions and the terms and conditions of all products are subject to the applicable policy language.
