As trusts gain momentum, Zurich’s updated master trust coverage helps banks, wealth managers and fiduciaries insure trust-held real estate with less complexity, greater consistency.
SCHAUMBURG, Ill., April 1, 2026 /PRNewswire/ — Zurich North America has updated its Trust Protector Policy (TPP) to help simplify how banks, wealth managers and other financial institutions insure properties held in trust, a growing trend amid what is being called “the greatest wealth transfer in history.”
Baby Boomers are driving growth in estate planning as they are projected to pass down $84.4 trillion to heirs and charities by 2045. Many affluent Americans are gaining awareness of trusts and using them for potential tax benefits and other perceived advantages, which is fueling expansion of service offerings. The estate planning services market, estimated at $1.26 billion in 2025, is projected to nearly double to $2.43 billion by 2034.
To simplify asset protection, Zurich has updated the master trust insurance solution it has offered financial institutions for more than 20 years. The refreshed policy is available for multistate residential, commercial and farm properties held in trust, bringing them together under a single master policy with consistent coverage terms and aligned expiration dates.
“We are seeing our financial institution customers begin to position themselves for the Great Wealth Transfer via organic growth or acquisitions in the wealth management and trust space,” said Trey Martino, Head of Financial Institutions and Professional Services for U.S. Middle Market at Zurich North America. “Our updated Trust Protector Policy reduces complexity for trust teams by streamlining policy forms, providing increased per-location limits and tailoring coverage needs for the next generation of beneficiaries. We’re also increasing the product’s geographic reach and breadth for our financial institution customers that may have properties in many states.”
Built for a changing trust landscape
Zurich was among the first insurers to offer a master trust structure in the U.S. market. The updated policy integrates key coverage enhancements directly into the base form, refines catastrophe treatment and aligns rating with current exposures — all while preserving the master policy structure trust departments rely on to manage large, diverse portfolios.
“Zurich was one of the first to bring this type of solution to market,” Martino said. “But the environment has changed. Trust portfolios are larger, more geographically dispersed and more exposed to catastrophe risk. Financial institutions want broader geographic capabilities and more consistency in coverage, and that’s exactly what this update delivers.”
