Brit enters high net worth insurance market

Specialty re/insurer Brit has unveiled a new private client offering for brokers operating in the high and ultra-high net worth market.

The team will be led by Tara Parchment, head of private clients, who has over 25 years of experience in the high and ultra-high net worth market.

The coverage will include homes, rare and valuable possessions, annual travel and cars all in one policy. It will enable clients to personalise solutions through a single policy that will include significant limits, worldwide coverage and additions such as personal cyber.

Matthew Wilson, CEO, Brit, said: “Entering the private client market is a significant statement from Brit. We have created an offering that provides a genuine alternative to what is currently available and which I believe will enable us to establish a meaningful presence. We have built a strong team, led by Tara, and I look forward to them growing Brit’s footprint in this space.”

Parchment added: “We’re hugely excited to launch Private Clients for Brit. We want to offer clients and brokers a different choice and have spent time seeking their views on what is important to them, our offering is designed to match their feedback. Brit Private Client is therefore highly flexible, client centric and underpinned by Brit’s reputation for responsiveness and claims excellence. By bringing something new and distinct to the market there is a major opportunity for Brit to grow in this space, and we look forward to engaging with our broker network, and their clients, on the new offering.”