Insurance exec drops $8.8M on Bristol condo

He paid over $15M for a non-waterfront home in Palm Beach in July

The Bristol in West Palm Beach  
The Bristol in West Palm Beach

Insurance executive Peter Worth just paid $8.8 million for a unit at the Bristol, months after closing on a Palm Beach home.

Worth sold his employee benefits consulting firm, American Benefits Consulting, to Alliant Insurance Services in 2015.

He closed on unit 1802 at the Bristol, a 25-story, 69-unit luxury tower at 1100 South Flagler Drive in West Palm Beach. Flagler Investors, led by Al Adelson and Gene Golub, developed the building.

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The deal comes after Worth paid over $15 million for the 13,826-square-foot estate at 151 Via Bellaria in Palm Beach.

Buyers at the Bristol include Vector Group CEO and Douglas Elliman chairman Howard Lorber, who paid $6.87 million for a unit in October. Beauty mogul Sydell Miller closed on a full-floor penthouse for $42.6 million in March, and Edgewater developer James Harpel also purchased a unit at the Bristol, paying $7.9 million in September for unit 1204.