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Chubb Report: Damage During Home Renovations and from Extreme Weather are Top Concerns of U.K. High Earners

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Inaugural Wealth Report survey offers insight on the wealthy, their passions, and protecting what matters

LONDON, April 25, 2024 /PRNewswire/ — Extreme weather, the competitiveness of the U.K. economy, and challenges to building and preserving wealth: these are among the top concerns of the U.K.’s highest earners.  Yet many of the most damaging threats on the minds of the wealthy are much closer to home. More than seven in 10 (71%) said that damage during renovations was the greatest risk to their homes, while half are worried about exposure to extreme weather due to climate change.

These are some of the key findings of the inaugural Wealth Report from Chubb, which gauges perceptions of affluent people about their passions, mindset about wealth, and the risks they face in protecting what matters most to them.

Stephen Vaughan, Chubb’s Head of Personal Risk Services in Europe, said: “In places where there is less available space, such as London and the home counties, more people are building subterranean living spaces, sometimes going down three or four stories. Such renovations entail significant changes to the floor plan and often increases the risk of flooding. The Wealth Report provides an insightful lens into the concerns and pressures the affluent are facing in the U.K. It shows a shift in how they value and invest their wealth, who they seek advice from to protect it, and what keeps them up at night.”

Theft is a primary concern. Nearly nine in 10 respondents (86%) said that theft is the primary worry when it comes to their collections, with many believing social media exposure is making them more of a target for thieves. “Watch thefts have risen dramatically,” said Vaughan. “It is really important for collectors to think about their surroundings and whether they really want to wear their most expensive pieces in places where they are hard to protect.” 

Eight out of 10 respondents are collectors of fine art, jewellery, watches, cars, wine and other valuables. More than six in ten (62%) say they have a passion for what they collect, while 38% see it primarily as an investment.

Building wealth is now more challenging than ever before. Half of the U.K.’s most affluent do not yet consider themselves wealthy, and 72% say that affluence, upward mobility and prosperity are out of reach for middle-income families. Survey respondents are also working harder to keep their wealth: the majority (68%) are working, and 39% say they would prefer never to retire.

What keeps successful people up at night? Competitiveness of the U.K. economy was perceived as the greatest risk to affluent individuals’ wealth and lifestyle, with over three quarters (77%) of respondents identifying this as a top concern. Government spending, and conflicts between global powers, were also issues that 35% of respondents said kept them up at night.

The complete Chubb Wealth Survey report findings can be found here.

Chubb Wealth Report Survey Methodology

Findings are based on a survey of 350 high net worth individuals in the United Kingdom, conducted by iResearch Services in September and October 2023 on behalf of Chubb Personal Risk Services. Respondents have a net worth from £1 million upwards. Participants reside predominately in London and surrounding suburbs.

About Chubb

Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 40,000 people worldwide. Additional information can be found at: www.chubb.com.

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QNB Group appoints prominent actor Ahmed Helmy as Brand Ambassador

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DOHA, Qatar, May 4, 2024 /PRNewswire/ — QNB Group, the largest financial institution in the Middle East and Africa, is proud to announce the signing of renowned actor Ahmed Helmy as its new brand ambassador.

The announcement comes in line with the Group’s vision and the values of innovation and excellence reflected by its brand. Ahmed Helmy, one of the most influential artists of his generation in the region and humanitarian and artistic commitment, making him the ideal ambassador to consolidate brand values and contribute to the Group’s efforts to build a better future for all.

In his new role, Ahmed will strengthen the Bank’s image as a leading financial institution committed to providing the best customer experience, attracting a new customer base, supporting the Group’s vision and brand and building customer relationships.

Commenting on the announcement, Ms. Heba Ali Al Tamimi,  Senior Executive Vice President, QNB Group Communications, said: “We are delighted to welcome Ahmed Helmy as our brand ambassador. His exceptional career makes him the right personality to represent our brand. We hope that this collaboration will support QNB Group’s commitment to providing the best innovative solutions and services, reinforcing our position as a leading financial institution, while making a lasting impact in the communities in which we operate and strengthening the QNB’s position as a trusted financial partner in the region.”

This partnership reflects the shared values of Ahmed Helmy with QNB, a banking icon committed to the highest standards of innovation, excellence and success.

QNB Group currently ranks as the most valuable bank brand in the Middle East and Africa. Through its subsidiaries and associate companies, the Group’s presence spans more than 28 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is 30,000, operating from approximately 900 locations, with an ATM network of 5000 machines.     

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REALTY ONE GROUP CELEBRATES 19TH ANNIVERSARY WITH GLOBAL ‘ONE DAY’ OF VOLUNTEERING & GIVING BACK

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Food Banks, Children, Veterans, Pets and Many More Benefit from the Global Franchisor’s Charitable ONE Day

LAGUNA NIGUEL, Calif., May 3, 2024 /PRNewswire/ — Realty ONE Group International, a modern, purpose-driven lifestyle brand and ONE of the fastest growing franchisors in the world, celebrate its May 1st anniversary – this year marks 19 years – with a day of volunteering and giving back across the globe. The ONE Family of U.S. real estate professionals from coast to coast as well as offices and affiliates in 20 more countries, generously donated thousands of hours on Wednesday helping children, veterans, food banks, pets and so many more.

Being a part of our ONE Family means we are driven to make a positive impact in our communities, helping each other whenever and wherever we can,” said Kuba Jewgieniew, CEO and Founder of Realty ONE Group International. “Giving back is in our DNA because we know that ONE act of kindness can change a life!”

The internet was flooded Wednesday with images of Realty ONE Group agents and entire offices handing out food, repairing homes, collecting backpacks, and serving in so many other ways. In less than 24 hours, with more locations still submitting volunteer impact forms, the franchisor impacted over 334,000 lives and donated more than $60,000 in just this ONE day.

Realty ONE Group’s ONE Cares, the 501(c)3 charitable arm of the organization, drives the ‘Community’ in the franchisor’s 6C’s values which also include Connect, Cares, Coaching, COOLTURE, and Commission. In 2023, the global franchisor transformed more than 200,000 lives.

Realty ONE Group International claimed the No. 1 spot for real estate franchisors for the third year in a row on Entrepreneur’s highly competitive 2024 Franchise 500® list. The only modern, lifestyle brand in the industry now has more than 19,000 real estate professionals in more than 400 locations in 49 U.S. states, Washington D.C. and 20 more countries and territories.

Learn more at www.OwnAOne.com.

About Realty ONE Group International
Realty ONE Group International is one of the fastest growing, modern, purpose-driven lifestyle brands in real estate whose ONE Purpose is to open doors across the globe – ONE home, ONE dream, ONE life at a time. The organization has rapidly grown to more than 19,000 real estate professionals in over 400 locations across 20 countries and territories because of its proven business model, full-service brokerages, dynamic COOLTURE, superior business coaching through ONE University, outstanding support and its proprietary technology, zONE. Realty ONE Group International has been named the number ONE real estate brand by Entrepreneur Magazine for three consecutive years and continues to surge ahead, opening doors, not only for its clients but for real estate professionals and franchise owners. To learn more, visit www.RealtyONEGroup.com.

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BIZCLIK MEDIA LAUNCHES MAY EDITION OF FINTECH MAGAZINE

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The May edition of FinTech Magazine includes an exclusive interview with Old Mutual’s May Govender and TruStage’s Danielle Sesko.

LONDON, May 3, 2024 /PRNewswire/ — BizClik, the UK’s fastest-growing publishing company, has published the latest edition of FinTech Magazine. This publication is a highly regarded voice within the Financial Sector for its in-depth reports and interviews with prominent figures in the industry.

FinTech Magazine

This month’s edition features an extensive lead report with May Govender, Chief Information Officer at Old Mutual, on how cloud migration drives the company’s transformation journey.

“As an insurance organisation, it’s imperative for us to stay abreast of these customer trends and meet their evolving expectations.”

The edition also contains extensive interviews with key thought leaders from Absa Group, TruStage, Woodruff Sawyer and more, and takes a look at the Top 10 digital wallets.

You can visit FinTech Magazine for daily news and analysis of the ever-changing financial industry.

About BizClik

BizClik is one of the fastest-growing digital media companies in the UK, host to a growing portfolio of industry-leading global brands and communities.

BizClik’s expanding portfolio includes Technology, AI, FinTech, InsurTech, Supply Chain, Procurement, Energy, Mining, Manufacturing, Healthcare, Mobile, Data Centre, Cyber, and Sustainability.

For more information, please visit our website.

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