A new private broker specialising in high net-worth individuals has been founded.
Private Insurance Portfolio (PIP) was created by a management lead buy-out of a high net-worth portfolio from Berry Birch and Noble by Amelia Robertson-Young, who has received support from insurance entrepreneur, Nicholas Cooper.
PIP will offer clients varied risks in one portfolio with a single premium, renewal date and point of contact for assets such as aviation, bloodstock, buildings, classic cars, wine, estates and fine art. Kidnap and ransom cover is also offered.
Robertson-Young, PIP's managing director, said: "We saw the need for a radically simplified insurance solution aimed at private individuals with varied and complex insurance requirements."
Charles Dupplin, head of Hiscox's art and private client division, one of PIP's leading underwriters, said "The demand for specialist high net worth insurance advice is growing as these individuals demand a better insurance experience where they get the right cover at a fair price and a claims service that does not treat them as fraudsters. It is good to see an enthusiastic and expert team joining a market with a shortage of their skills."
