David Penrose is a Chartered Insurer (ACII) and a member of the Society of Trust and Estate Practitioners (STEP). With 25 years of experience in the London insurance market and private client advisory, he specializes in complex risk transfer and legacy planning. He helps clients structure life policies and trusts to mitigate Inheritance Tax.
David Penrose spent the first half of his career as a senior underwriter in the Lloyd's of London market, where he gained an encyclopedic knowledge of policy wordings, exclusions, and liability law. He knows exactly why claims are rejected and how to structure coverage to ensure payouts when they are needed most. Transitioning into private client advisory, David now focuses on the intersection of insurance and estate planning, helping families protect their wealth across generations. He writes detailed guides on critical illness cover, income protection, and the often-overlooked area of liability insurance for high-net-worth individuals. David is an expert on the 'Gift with Reservation of Benefit' rules and how to use trusts to legally reduce an Inheritance Tax bill. He also advises business owners on 'Key Person' insurance and shareholder protection to ensure business continuity in the event of death. His content is essential for anyone looking to secure their legacy and ensure their loved ones are financially protected against life's worst-case scenarios.