14 June 2018Insurance

Ardonagh expands into reinsurance with new Price Forbes broker

Ardonagh-owned Price Forbes & Partners has launched a new broking entity specialising in reinsurance business, both treaty and facultative.

Price Forbes Risk Solutions (PFRS) will operate as an appointed representative of Price Forbes & Partners and exist as a subsidiary operating within the international and specialty segment of Ardonagh.

PFRS will be headed by David Barrie as chief executive officer.

“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,” Barrie commented.

James Masterton, CEO of Price Forbes & Partners, 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.”

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More on this story

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23 August 2018   UK insurance intermediary Ardonagh group has lowered its losses in the first half of 2018 compared to the same period of 2017 while investing in the business.
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12 July 2018   Specialist insurance broker Price Forbes, part of the Ardonagh Group of companies, has expanded its power, utility and construction team with four new appointments from JLT, Marsh and Miller.
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18 June 2018   UK independent insurance broker Ardonagh Group has appointed former Lloyd's CEO Richard Ward as executive chairman of its specialty & international and MGA segments that include Bishopsgate and Price Forbes.