Leeds-based Gauntlet Group is responding to increased demand for high net worth insurance, by putting extra resource behind the team insuring the property of wealthy individuals.
Although best-known for having offered a wide range of commercial insurance options over the last two decades, the Killingback-based broker has now put additional resource behind its personal lines division, with the appointment of insurance specialist Darryll Leach. Darryll has many years of private insurance experience, having been a branch manager with Swinton.
Darryll joins a team which now numbers 52, working across a range of insurance protection and risk management products, from bus, coach and haulage insurance, to cyber, golf club risk management and health and safety.
The recent growth in personal lines insurance enquiries was initially fuelled by Gauntlet’s appointed representatives, who run their own insurance brokerages based nationwide, in conjunction with Gauntlet and who often handle both the commercial and personal insurance needs of clients.
Working on behalf of these ARs, Darryll and his team are increasingly placing home insurance risks, highly personalised to Gauntlet’s higher-income clients. Alongside this, they are handling high net worth motor insurance for prestige vehicles and high-value family fleets, and arranging tailored travel insurance for clients who require specialist policies to ensure that their possessions and personal insurance needs are adequately protected whilst overseas.
Gauntlet is now putting resources behind the expansion of its high net worth personal lines insurance service and seeking to attract wealthy clients from Leeds, Yorkshire and beyond.
Managing director, Roger Gaunt, says: “Originally, the decision to increase the focus on insurance provision to individual home and motor owners was based on the needs of our ARs, as they saw an opportunity to earn more income by placing more personal insurance risks.
“Now, however, we have perceived a much bigger requirement for the top-quality private insurance we can provide, at a competitive price, thanks to our relationships with many insurers, including some very niche ones.
“We have put much more resource behind this area and this is proving a very wise decision. We are confident that we shall grow our fee income by placing many more high-value personal lines risks during 2018, than in the past.”
