Beazley has been appointed by general insurance provider Berkeley Alexander to its mid to high net worth panel.
Beazley joins a panel which already includes Hiscox, Covea, Home & Legacy, Dual, Oak Underwriting, Towergate, Palladium and Plum.
Geoff Hall, managing director of Berkeley Alexander, said: “Underinsurance remains a significant challenge particularly for the mid net worth sector, where customers don’t fit the mould for either standard home insurance or bespoke high net worth offerings.
“We are committed to supporting our intermediary partners in providing access to the very best products and services to meet the needs of every client on their books.
“Mid net worth clients, like high net worth, need advice and access to solutions that don’t just protect their home but also their lifestyle.
“This is a flourishing and highly competitive insurance market, and we are delighted to be taking the lead in tackling the mid net worth insurance challenge.”
David Wood, head of home insurance at Beazley, added: “Working in partnership with high calibre insurance brokers such as Berkeley Alexander, we seek to deliver an exceptional underwriting and claims service to our policyholders.
“As a specialist insurer Beazley has built a well-deserved reputation for developing innovative responses to changing client needs and our Homeowners coverages for the mid-net worth market are no exception.”