Insurance Business Review: Specials Magazine

For the ultra-wealthy, assets are often broad and diverse in nature, and their risks are just as varied. From sprawling estates to global investments, their financial portfolios are layered with complexity that few insurance policies can cover. Hanasab Insurance Services (HIS) has perfected the art of tailoring insurance policies that cater to the distinctive needs of high-net-worth and ultra-high-net-worth individuals, affluent families and high-value real estate investors. Founded by Farhad Hanasab, a seasoned certified advisor of personal insurance (CAPI), the firm sets the standard for white-glove service and innovation in insurance. A division of Highstreet Insurance Partners, the independent insurance brokerage offers bespoke policies and risk management services to clients through a transparent, hands-on approach. It stands apart by providing coverage that aligns with clients’ personal risk tolerance along with flexible policy structures that allow them to set coverage and risk limits on their own terms. “Every client has distinct needs. We create insurance programs that integrate perfectly with their lives rather than simply offering standard policies,” says Hanasab, founder and president. Each policy HIS underwrites ensures the protection of every element in the policyholder’s personal and financial world. Clients benefit from deep expertise and hallmark principles of delivering personalized guidance and discreet, confidential service, while promising superior protection. The core focus is on protecting clients’ tangible and non-tangible assets, while supporting their long-term goals and lifestyles. Above all, HIS acts as an advisor who listens to clients as much as it guides them. Personalized Protection for High-Value Assets High-net-worth individuals have methodically built the lifestyle they lead. HIS takes a similar approach to offer them the best insurance protection in terms of coverage, cost and flexibility of conditions. Its custom policies are designed for clients seeking a broader range of coverage beyond the industry standard. ... Read More

Captive participation has become a strategic tool for companies seeking greater control of their insurance programs, improved price stability, and a share in underwriting performance. While the model has proven highly effective, most solutions on the market still require businesses to coordinate multiple service providers, manage structural complexity, and oversee ongoing administration, which can make adoption for mid-sized organizations cost-prohibitive. I–RE provides an integrated path. As an insurance and reinsurance underwriter, the firm embeds captive participation directly into the insurance structure, removing the complexity and fragmentation that typically accompany captive formation and management. Through its turnkey product (RE–PAID), I–RE enables companies to participate in underwriting performance with continuity of coverage and a placement as easy as buying conventional commercial insurance, with the added advantage of financial participation. "We built I–RE to give high-performing mid-market business owners access to the type of insurance structure that traditionally only large organizations could benefit from," says Andy Jeckells, co-founder. “Our mission is to unlock the full financial and strategic potential of captive re/insurance for those who are willing to take control of their risk–to give risk-takers the return they deserve.” A Smarter Path to Captive Participation I–RE provides an integrated structure that allows clients to form a captive connected to their insurance program without the extensive setup and ongoing operational burden often associated with traditional models. The firm underwrites A-rated property and casualty insurance in the United States through domestic insurer partners and provides reinsurance in Bermuda that it retrocedes to the client's captive. Clients have the flexibility to choose how they structure their captive based on their goals and maturity. They often opt to use a Protected Cell Captive, which is faster and cheaper to establish and requires less capital and management involvement. Pure captives can be used from the outset, or as a progression over time as they build surplus and seek more independence and influence. Unlike group captive arrangements, clients retain full ownership of their insurance company and are not required to join shared boards or hold stock alongside unrelated entities. ... Read More