Aviva has relaunched its HNW division, Aviva Private Clients, which it said will offer a bespoke underwriting service for its clients.
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Aviva Private Clients will have a unit of regionally-aligned underwriters led by division managing director Adam Beckett.
Aviva said that the suite of Distinct products will be upgraded and expanded to include flexible and tailored cover and a bespoke claims service with a dedicated claims advisor for each client.
Beckett said: "Aviva Private Clients will give our high net worth proposition the focus it needs to flourish while providing the flexibility to allow us to be a true lifestyle underwriter. We’ll be using our underwriting tools as a guide and not a rulebook, and by doing so we’ll make it as easy as possible for brokers to do business with us."
The Distinct 75 and 150 home insurance products are being enhanced to include no upper limits for sum insured; warranty free, worldwide, all risks cover; access to a dedicated claims advisor and specialist suppliers; trace and access cover up to buildings sum insured, cover for visitors’ belongings, business property, outdoor items and student belongings.
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By GlobalDataThey will also include residential care and trauma covers; home emergency service; identity fraud protection and assistance service; personal lawyer cover and optional cover for small craft, travel and caravans.
Meanwhile, Aviva Investors, the asset management business of Aviva, has slashed 20 jobs from its fixed income, real estate and infrastructure teams.
Departures include senior corporate bond portfolio manager Sandeep Bhatia, head of sterling investment grade credit John Hampton, global fixed income manager Anthony David, senior fixed income Asia portfolio manager Tim Jagger, infrastructure team managing director David Dahan and infrastructure investment specialist Keith Kelsall and Phil Ellis.
The company said: "Aviva Investors has made a significant investment in talent over the past couple of years and will continue to add resources to its key areas of focus."
