Brit expands into high net worth market

New practice to be headed by 25-year veteran in HNW financial services

Brit expands into high net worth market

Insurance News

By Gabriel Olano

Brit has launched its private client offering, signifying its entry into the high net worth insurance market.

According to a statement from the international specialty re/insurer, the new practice will be 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 Private Client offering will include homes, rare and valuable possessions, annual travel, and cars through an all-in-one policy. The company added that the new offering has a bespoke approach which enables delivery of personalised solutions for clients, through a single policy that will include significant limits, worldwide coverage, and additions such as personal cyber.

“Entering the private client market is a significant statement from Brit,” said Matthew Wilson, CEO of 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.”

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