What is Picara?

Picara (Pty) Ltd was started in February 2007 by Russell Kayton, a leading specialist in the field of professional indemnity insurance. Picara can arrange PI insurance for most professions as well as Directors and Officers Liability Insurance, Employment Practices Liability Insurance, Tax Liability Insurance and Medical Malpractice Insurance. Picara is the number one choice with the auditing profession as we are broker to more auditing firms than any other local broker.

As Picara is an owner-managed business it can identify with the needs and requirements of clients, as many are also owner-managed businesses.

What does Picara offer?

Extensive knowledge of the product.
Unmatched experience in this field of insurance.
The determination of offering clients a superior broking experience.
You, the customer, pay your broker for these services, and by utilising Picara you will receive the best value for your money.

Why choose Picara?

Picara is owner-managed by Russell Kayton who has the following experience:

Specialised in the field of professional indemnity insurance for over 20 years, starting at PI Insurance Brokers (Pty) Ltd in 1990.
Formed PI Financial Risk Services (Pty) Ltd with two other shareholders in 1997.
Sold PI Financial Risk Services (Pty) Ltd to Marsh in 2000 and headed up their PI division.
In 2004 moved over to Professional Indemnity Solutions (Pty) Ltd (PIMS) as a director and shareholder. PIMS (since purchased by Leppard & Associates) are managers of CAPIM, underwriters to the majority of the auditing profession.

Russell also has the following distinctions:

Is the only current broker in South Africa to have placed the PI programmes for all of the Big 4 firms.
Has been broker to most of the next tier firms (national practices).
Has been involved with more auditing practices than any other broker in the country.
Has been involved in most of the largest claims against auditors in South Africa, including the largest ever settled PI claim in the country.