In Depth: High net worth – is prestige motor starting to lose its appeal?

Prestige cars in a row - auction

Despite Covéa’s recent withdrawal from the executive motor space, Martin Friel discovers there is still interest in insuring HNW wheels.

The message from Verlingue’s head of private clients, Jon Bethell, when asked why, just weeks after Covéa announced its departure from ‘executive’ HNW motor, he had joined a broker to drive its own HNW offering forward, was: “Advance towards the sound of gunfire!”

He adds: “I don’t think it’s bad timing, especially in the HNW market. People will always own houses and cars, so the market isn’t really going to change.”

Advance towards the sound of gunfire! Jon Bethell on joining a broker to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: