Tag: Morgan Stanley

Morgan Stanley insurance offerings move into P&C coverage

Marc
Morgan Stanley insurance - hand holding bubble with house inside

The firm’s partner brokers will be offering wealthy clients these new coverage products. Morgan Stanley insurance products now include a range of P&C products designed for high net worth clients and their families. The brokerage has partnered with Marsh Private Clients Services, HUB International, and Willis Towers Watson to add to its available products. Support for the brokerage’s insurance clients will be provided through “dedicated service teams.” According to Barron’s, “dedicated service teams” will provide Morgan Stanley insurance customers with service. Clients will also be able to benefit from a…

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U.S. insurers may be at risk of costly payouts spawned from the European financial crisis

Many U.S. banks have upped their insurance sales in Greece, Portugal, Ireland, Spain and Italy during the first half of 2011. The growth in sales is the result of the European financial crisis that threatens to plummet several nations into economic catastrophe. Banks have been selling insurance against credit losses in the nations more affected by the financial crisis, but the practice may be putting insurers at higher risk of costly payouts. As the crisis worsens, insurers are now looking for ways to mitigate the impact of defaults. According to…

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