New updates have been reported about Hub International Limited (PC:HUBIN)
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Hub International Limited, a prominent global insurance brokerage and financial services firm, has released its 2026 Private Client Outlook, shedding light on how high-net-worth individuals are adapting to current market challenges. The report reveals a significant shift in risk management strategies among affluent families, driven by market volatility and increased digital threats. Katherine Frattarola, Executive Vice President and Head of HUB Private Client, notes that clients are becoming more proactive in implementing risk mitigation measures, moving beyond traditional insurance policies to protect against diverse risks.
The 2026 HUB Outlook High-Net-Worth Survey indicates a marked decline in risk appetite among wealthy individuals, with only 25% willing to assume more risk for premium savings, compared to 39% in 2023. In response, many are opting for higher deductibles and conservative insurance choices, while investing in resilience measures like wildfire-resistant materials and cyber monitoring. The survey also highlights ongoing challenges in securing adequate property insurance, particularly in regions prone to natural disasters. As digital and cyber risks grow, with significant financial losses reported, Hub International recommends bolstering resilience through strategic investments and regular updates with brokers to ensure comprehensive coverage. This shift underscores the importance of proactive risk management in safeguarding assets amid evolving threats.