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.

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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.

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.