‘Brit Private Client’ will offer brokers operating in the high and ultra-high net worth market, and their clients, a new alternative as it will combine Brit’s brand and reputation in claims and service with a team of highly regarded market practitioners.
The team is led by Tara Parchment, head of private clients, who brings over 25 years of experience in the high and ultra-high net worth market.
The new offering will differentiate itself through its “bespoke approach”, able to offer clients personalised solutions through a single policy that will include significant limits, worldwide coverage and additions such as personal cyber.
Coverage will include homes, rare and valuable possessions, annual travel and cars all in one policy.
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.”