Insurance Outlook 2025: Private Client Mid-Year Rate Report

The high-net-worth insurance market has been defined by volatility throughout the first half of 2025 as climate-related disasters, rising claims costs and economic pressures have strained private client insurance portfolios. While large catastrophes are still impacting the market, insurance carriers are willing to consider certain risks for a higher premium. Clients with proactive risk management strategies—including applying mitigation techniques on high-valued homes—are also being rewarded with more favorable pricing and improved access to coverage. 

Given the projection rates are increasing, it’s a good time to partner with a specialist broker to review your insurance plans and needs across key asset classes including luxury residences, fine art, yachts, and collectibles.