Private Client Added to Emerging Risks

Private Client Added to Emerging Risks

POWERS Insurance & Risk Management continues to expand it’s reach in the emerging insurance risks space by announcing it’s Private Client Division which will be included in the firm’s Emerging Risks Division program.

Personal Risk Advisor Meaghan Dowd is leading the Private Client Division with support from specialists Linsey Morris (Personal Lines Marketing Manager), Stacy Castro (Personal Lines Account Manager) and Samantha Hentschke (Personal Lines Account Manager). Dowd is one of the first 500 professionals in the insurance industry to earn the Chartered Private Risk and Insurance Advisor (CPRIA) accreditation. The CPRIA designation is an intensive program designed to enhance the knowledge of professionals who craft tailored personal insurance solutions for their clients. Dowd began her insurance career in 2009 and has been with POWERS Insurance since 2015.

POWERS Insurance, which is one of the largest family-owned agencies in St. Louis, launched its Emerging Risks Division in March of 2019. The division is intended to acknowledge the agency’s commitment to being a key resource in protecting risk in emerging industries and emerging exposures, so the division focuses on four emerging commercial lines industries and one emerging exposure that effects all industries and individuals. Upon further reflection, company President JD Powers determined the need to acknowledge the Private Client Division as an emerging risk that is impacting the personal insurance space.

“The focus of our Emerging Risks Division is to help guide our clients through the rapidly-evolving insurance space which is directly tied to the unprecedented fast-paced economy that’s heavily dependent on technology,” Powers said. “The mass affluent personal insurance marketplace is one of the fastest-growing and evolving spaces in the industry, and we are proud to have our Private Client Division poised to assist those clients as they navigate the ever changing exposures they will face.”

The Private Client Division is committed to helping craft individual solutions to help fit the personal lifestyles led by accomplished individuals and successful families. POWERS Insurance partners with several insurance companies that specialize in providing coverage for the accomplished individual. These companies include CHUBB, PURE, Cincinnati Insurance Company, and Nationwide Private Client. According to JD Powers, the Private Client Division accounts for roughly 75% of all new personal insurance managed by the agency.

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