East Anglia broker Ryan Insurance has revealed plans to set up a high net worth (HNW) business division.
Led by Jon Mansfield the team will target niche areas of the HNW market.
High value home insurance specialist Adrian Talman will assist Mansfield.
Mansfield said: "We have been speaking to a number of insurers with a view to growing our list of agencies in this area and have found them all to be very supportive.
"East Anglia is growing in terms of population and becoming wealthier year on year...and I think this is absolutely the right step for Ryan to take at this stage, and better still it has been welcomed by our clients."