A new insurance broker has launched in Bermuda.

Intrepidus Insurance Services is an independent broker aimed at helping personal and business customers evaluate and navigate insurance.

Henry Sutton, president of Intrepidus and a veteran of the island industry, said: “There are several insurance companies in Bermuda so customers benefit from having a choice in service providers.

“However, insurance is a complicated market and it’s important to understand your options in order to make informed decisions.

“Intrepidus can help people reduce their premiums understand the small print and ensure their claims are handled fairly, at no additional cost, ultimately saving them time and money.”

The company said it is independent of insurers and it’s services are free to customers.

As is standard for brokers, the firm is paid a commission through the insurance company that ultimately gains a customer’s business.

An Intrepidus spokesman said: “There is no financial incentive for one company over another and Intrepidus operates with full transparency.”

The firm is licensed by the Bermuda Monetary Authority as an insurance intermediary to provide insurance services on the island.