A former insurance broker at AIG has opened up a boutique business, nabbing six clients since the company opened two months ago.
"My business will be targeted to other boutique fund managers and financial planning firms," Consult Insurance Solutions director John Kelly said.
The Melbourne-based firm's current mix of clients includes investment managers such as boutique firm Omega Global Investors.
The firm will offer indemnity insurance, directors liability and merger and acquisition insurance.
"There is a gap in the market for boutique firms who need access to personalised service when it comes to their insurance needs," Kelly said.
"Having worked for big companies I see an opportunity to leverage off my experience and offer a personalised service which was previously only available to big firms," he said.
Kelly acknowledged that it was increasingly difficult for financial planners to access professional indemnity insurance given the limited number of providers, but said the expected economic upturn should alleviate pressure on planners.
