Price Forbes, the independent global wholesale insurance brokerage, is now entering the reinsurance broking space, with the set-up and launch of Price Forbes Risk Solutions Ltd., with which it aims to expand its expertise and reach.
Price Forbes is part of the broader Ardonagh Group of companies and the new reinsurance broking arm, Price Forbes Risk Solutions, will be an Appointed Representative of Price Forbes & Partners and a subsidiary operating under the International & Specialty umbrella of the Ardonagh Group.
Price Forbes Risk Solutions will be headed up by David Barrie, previously of Tysers Re and also with experience gained from broker RKH, and will specialise in broking and intermediating reinsurance business, on both a Treaty and Facultative basis, with the goal of maximising opportunities that come up across the group companies.
The new Price Forbes Risk Solutions team will have five members in total, with CEO Barrie having around 40 years of reinsurance broking experience and the team as a whole having roughly 135 years experience.
David Barrie CEO PRFS commented on the launch, “We are delighted to be joining the Ardonagh Group as an Appointed Representative of Price Forbes and we look forward to working closely with the various teams in the business to create exciting opportunities across the group.”
James Masterton, Price Forbes CEO, also said, “We are confident that our investment to create an independent reinsurance and specialty insurance intermediary has come at an opportune time and we look forward to this new venture and the opportunities it will bring.”
It’s assumed that the Price Forbes Risk Solutions team will be capital source agnostic, so helping and advising clients to access both traditional reinsurance and the capital markets through collateralised or ILS solutions.
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