Insinger de Beaufort Launches Luxury Insurance Product For Wealthy Clients

Lisa Ugur, Tax-news.com, London

14 March 2001

Insinger de Beaufort, the Netherlands-based private banking and trust group, announced recently the launch of a new insurance product called "Masterpiece" which, says Insinger, covers the entire gamut of risks to which wealthy private clients are exposed.

Insinger says Masterpiece, which is based on the philosophy "You've got enough to think about", relieves its clients of "any worry whatsoever about protecting their assets." Masterpiece is a product of the American insurance giant Chubb, which insures, among other things, luxury residences, jewellery and paintings.

A statement from Insinger elaborates on the new insurance product: 'The basic principle is that the insurance cover should have no impact on the life style of the policyholder. Clients who accidentally forget to set their intruder alarm, or leave jewelry in their car, for instance, need have no fear of problems with insurance. The policy is tailored to the needs of affluent private individuals for whom quality – such as the peace of mind provided by this policy – is an absolute priority.'

Agents with whom Insinger frequently works will also be able to offer Masterpiece to their own clients, as well as clients of Insinger being able to take out a Masterpiece policy through their own agent.

Insinger said: 'Masterpiece insurance is exemplary of the philosophy the group seeks to pursue. The product marks an initial step, to be followed by other such products and services with which Insinger de Beaufort intends to free its clients as much as possible from the worry of protecting their assets, and enable them to focus their attention on the pleasurable aspects of their financial status.'

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