In a move to offer more to its high-net worth clientele, Morgan Stanley will begin to offer these clients and their families a suite of insurance offerings in collaboration with some of the industry-leading insurance brokers. The collaboration with see Morgan Stanley join forces with HUB International, Marsh Private Client Services, and Willis Towers Watson to offer a variety of personal and commercial insurance products including:

• Personal Lines: Inland Marine (i.e. Fine Art, Jewelry), Watercrafts, Umbrella/Excess Liability, Aviation, Flood and Cybersecurity
• Commercial Lines: Inland Marine, General & Professional Liability, Aviation, Crime and Umbrella/Excess 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 Joseph Toledano, Head of Insured Solutions, Morgan Stanley Wealth Management Investment Solutions.

These brokers will help Morgan Stanley assess risk and provide solutions to its insureds

One of the most important aspects of the new collaboration will see these insurance brokers leverage “…their deep relationships with a vast array of insurance companies and their global footprint of dedicated specialists and in-house resources” to help Morgan Stanley clients. In addition, they will offer added services such as

• Continuous policy reviews to ensure clients remain properly insured and their current policies are most appropriate for their needs;
• Alert clients of situations (e.g. hurricane/wildfire) for which extra precautions should be taken to help protect their assets;
• Support from dedicated service teams; and a
• Streamlined approach for processing insurance claims.

According to Morgan Stanley, the new product offerings will be offered via the company’s P&C insurance platform. The company already offers a variety of other non-P&C products such as life insurance, long-term care insurance and disability insurance through its Firm’s Wealth Management Investment Solutions Insured Solutions business. The insurance products will also be offered in conjunction with Morgan Stanley’s licensed insurance agency affiliates.