Brit Enters High Net Worth Market with Launch of Private Client Offering

Brit Ltd., the London-based specialty insurer and reinsurer, has launched a private client offering.

Brit Private Client will provide brokers operating in the high and ultra-high net worth market, and their clients, with a bespoke approach. It will offer clients personalized solutions through a single policy that will include significant limits, worldwide coverage and additions such as personal cyber, said Brit in a statement.

Coverage will include homes, rare and valuable possessions, annual travel and cars all in one policy.

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.

“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,” said Matthew Wilson, CEO, Brit.

“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,” commented Parchment.

“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,” Parchment continued.

About Brit

Brit has a major presence in Lloyd’s of London, with U.S. and international business. Brit underwrites commercial specialty insurance with a strong focus on property, casualty and energy business. Brit is a subsidiary of Fairfax Financial Holdings Ltd.

Source: Brit