PURE INSURANCE


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Locations: NEW YORK, MASSACHUSETTS

PURE Specialty Exchange Expands its High Value Homeowners Coverage into Western States

Retrieved on: 
Wednesday, April 3, 2024

WHITE PLAINS, N.Y., April 3, 2024 /PRNewswire/ -- PURE Specialty Exchange (PSE), the specialty surplus lines insurance carrier dedicated to providing PURE members and other responsible, high net worth families with solutions for their complex exposures has expanded its High Value Homeowners coverage to 6 additional states, including Arizona, Colorado, Hawaii, Montana, Utah and Wyoming.

Key Points: 
  • WHITE PLAINS, N.Y., April 3, 2024 /PRNewswire/ -- PURE Specialty Exchange (PSE), the specialty surplus lines insurance carrier dedicated to providing PURE members and other responsible, high net worth families with solutions for their complex exposures has expanded its High Value Homeowners coverage to 6 additional states, including Arizona, Colorado, Hawaii, Montana, Utah and Wyoming.
  • As carriers are reducing capacity or closing for new business in these challenging areas, the need for non-admitted solutions has been amplified.
  • "Sometimes PURE members buy and build in areas that are exposed to catastrophes like wildfires and hurricanes.
  • In addition to these new states, PSE's High Value Homeowners coverage is available in Alabama, California, Florida, Georgia, Louisiana, Massachusetts, Mississippi, North Carolina, New Jersey and South Carolina.

PURE Insurance Fills Two Key Leadership Roles as the Brand Positions for Future Growth and Expansion

Retrieved on: 
Tuesday, March 5, 2024

Both appointments come on the heels of Martin Leitch and Dave Logan assuming the roles of Chief Executive Officer and President, respectively.

Key Points: 
  • Both appointments come on the heels of Martin Leitch and Dave Logan assuming the roles of Chief Executive Officer and President, respectively.
  • As Chief Underwriting Officer, Saad will oversee PURE's Underwriting and Product teams.
  • Having previously served in senior underwriting and product leadership roles at Allstate, Farmers Insurance and Zurich Insurance Group, Saad brings with him more than 15 years of technical expertise and strategic perspective in both personal and commercial lines.
  • Dea Malollari is expanding her role with the appointment to Chief Risk Officer while retaining her current responsibilities as Chief Actuary.

PURE Programs Introduces New Solution for High Value Homes Under Construction or Renovation

Retrieved on: 
Tuesday, February 27, 2024

WHITE PLAINS, N.Y., Feb. 27, 2024 /PRNewswire/ -- PURE Programs, LLC , the managing general underwriter dedicated to providing Excess & Surplus (E&S) solutions for PURE members and other responsible, high net worth families, has introduced a new program for high value homes under construction or renovation.

Key Points: 
  • WHITE PLAINS, N.Y., Feb. 27, 2024 /PRNewswire/ -- PURE Programs, LLC , the managing general underwriter dedicated to providing Excess & Surplus (E&S) solutions for PURE members and other responsible, high net worth families, has introduced a new program for high value homes under construction or renovation.
  • "A Resilient Home Advisor will also collaborate with homeowners and builders to ensure homes are well-protected during and after construction."
  • Common challenges that this program addresses:
    Luxury high value construction and renovation projects that do not qualify for comparable coverage with an admitted insurer.
  • If a non-admitted solution is required due to the home's risk characteristics, PURE Programs will seek to create a solution.

Martin Leitch Named Chief Executive Officer of PURE Group of Insurance Companies

Retrieved on: 
Tuesday, June 6, 2023

WHITE PLAINS, N.Y., June 6, 2023 /PRNewswire/ -- Privilege Underwriters, Inc. (PUI) and the affiliated companies of the PURE Group of Insurance Companies (PURE) have announced that Ross Buchmueller, founder and Chief Executive Officer of PURE, will be leaving the company at the end of 2023 after 18 years with the firm.

Key Points: 
  • WHITE PLAINS, N.Y., June 6, 2023 /PRNewswire/ -- Privilege Underwriters, Inc. (PUI) and the affiliated companies of the PURE Group of Insurance Companies (PURE) have announced that Ross Buchmueller, founder and Chief Executive Officer of PURE, will be leaving the company at the end of 2023 after 18 years with the firm.
  • Martin Leitch, Co-President and Chief Underwriting Officer, will assume responsibilities as Chief Executive Officer on July 1, 2023.
  • Martin Leitch, 44, joined PURE in 2022 after more than 20 years with General Reinsurance Corporation, and served as Co-President and Chief Underwriting Officer.
  • Dave Logan, who has served as Chief Risk Officer at PURE for the past three years has been appointed President.

PURE Insurance Extends Its Long-Standing Relationship with OneShield, Signing New Five-Year Deal

Retrieved on: 
Thursday, February 16, 2023

The client relationship with PURE, going back 16+ years, is among OneShield's longest and has been highly collaborative.

Key Points: 
  • The client relationship with PURE, going back 16+ years, is among OneShield's longest and has been highly collaborative.
  • "The technical and executive teams at PURE have been a constant source of new ideas and feedback on a wide range of our products and processes," says OneShield Chief Revenue Officer Liza Smith.
  • "This is the very definition of a successful client/vendor partnership - formed at the time PURE was a startup to writing over $2-billion in premiums today."
  • This collection of services allows external applications to remotely execute business transactions on the OneShield platform.

PURE Insurance Names Katherine Richardson as Chief Human Resources Officer

Retrieved on: 
Thursday, April 26, 2018

WHITE PLAINS, N.Y., April 26, 2018 /PRNewswire/ --The PURE Group of Insurance Companies (the PURE Group), which includes Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer designed for high net worth individuals and families, has named Katherine Richardson as Chief Human Resources Officer.

Key Points: 
  • WHITE PLAINS, N.Y., April 26, 2018 /PRNewswire/ --The PURE Group of Insurance Companies (the PURE Group), which includes Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer designed for high net worth individuals and families, has named Katherine Richardson as Chief Human Resources Officer.
  • She joins the company's Executive Committee and reports directly to President and Chief Executive Officer Ross Buchmueller.
  • Richardson, a 25-year insurance industry veteran, joins PURE from Allied World Assurance Company, where she served as SVP and Global Head of Human Resources through a period of substantial growth.
  • Richardson holds a Bachelor of Arts in Business and History from Texas A&M University and is certified as a Professional in Human Resources by the Society for Human Resource Management.