Ardonagh Specialty, the holding company for specialist, reinsurance and wholesale broking brands of the Ardonagh Group, has launched a push into the United States with a new North America reinsurance broking team.
Nick Foden-Pattinson, the former CEO of RFIB Americas, is leading the Ardonagh push into the U.S. reinsurance market, along with other former RFIB team members.
Foden-Pattinson has experience in the creation of alternative reinsurance solutions specifically for North American clients.
The new reinsurance broking team will operate under Equinox (Re)Insurance Intermediaries, a licensed brokerage in Connecticut.
Foden-Pattinson will hold the position of President of Equinox (Re)Insurance Intermediaries and work alongside Roland Pike in his role of Chief Operating Officer.
A team of reinsurance brokers, risk modellers and technicians based in London and Greenwich, Connecticut will support this push into the US reinsurance marketplace.
Jeremy Brasier, former MD at RFIB and who has worked broking reinsurance in London and Bermuda with a focus on the US market, is set to lead the London team, supported by Tony Key another former RFIB exec.
Foden-Pattinson will also hold the position of President, Price Forbes Bermuda, another entity of the Ardonagh Specialty broking group.
Foden-Pattinson commented, “Being part of The Ardonagh Group gives us the ability to continue to grow the business with a committed management to expand in Bermuda and USA. The need for specialty advice has never been more necessary as we head into a hard and difficult market. I believe the model that we are setting up will be an attractive option for clients and markets alike.”
Ardonagh Specialty CEO James Masterton added, “Ardonagh Specialty is the ideal platform to build and grow a strong reinsurance broker in Bermuda and the USA. We are thrilled to be further expanding the Group’s capability in this space and delighted to be doing it with a team of this calibre and expertise.”