Zurich Modernizes Its Trust Protector Policy

Zurich's updated master trust coverage helps banks, wealth managers and fiduciaries insure trust-held real estate with less complexity, greater consistency

Apr. 3, 2026 at 7:03pm

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An extreme close-up of a heavy, industrial gear mechanism in motion, conveying the complex financial infrastructure powering the transfer of generational wealth.As the 'Great Wealth Transfer' accelerates, Zurich's updated trust insurance policy aims to simplify the complex financial machinery behind managing and protecting trust-held assets.Schaumburg Today

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.' 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.

Why it matters

As trusts gain momentum, Zurich's updated master trust coverage helps financial institutions insure trust-held real estate with less complexity and greater consistency, positioning them to better serve clients amid the projected $84.4 trillion Great Wealth Transfer over the next two decades.

The details

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. The policy provides admitted property and general liability coverage and is administered through Zurich's designated program administrators.

  • Zurich North America updated its Trust Protector Policy in April 2026.
  • Baby Boomers are projected to pass down $84.4 trillion to heirs and charities by 2045.

The players

Zurich North America

A major insurance provider that has offered a master trust insurance solution for financial institutions for more than 20 years.

Trey Martino

Head of Financial Institutions and Professional Services for U.S. Middle Market at Zurich North America.

Stan Bernard

Head of Industry Practices for U.S. Middle Market at Zurich North America.

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What they’re saying

“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.”

— Trey Martino, Head of Financial Institutions and Professional Services for U.S. Middle Market

“Zurich was one of the first to bring this type of solution to market. 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.”

— Trey Martino, Head of Financial Institutions and Professional Services for U.S. Middle Market

“This update addresses a broader societal shift. Trust structures have historically been a core bank offering, and they will continue to be. But as wealth management expands, trust responsibilities are showing up in new places. Our updated Trust Protector Policy reflects how financial institutions are evolving to meet that demand.”

— Stan Bernard, Head of Industry Practices for U.S. Middle Market

What’s next

The updated Trust Protector Policy is available for new business and renewals.

The takeaway

Zurich's modernized Trust Protector Policy simplifies how financial institutions can insure trust-held properties, positioning them to better serve clients amid the projected $84.4 trillion Great Wealth Transfer over the next two decades.