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Brit expands into high net worth market

Brit expands into high net worth market | Insurance Business

Brit expands into high net worth market

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.”