Ardonagh’s Price Forbes launches in Peru with Aon, JLT/Marsh veterans

Global specialty insurance broker  Price Forbes, part of the Ardonagh Group of companies, has launched its new Peruvian subsidiary with key leadership hires from Aon, JLT and Carpenter Marsh.

The venture will begin operations at the beginning of next month, under the leadership of Jose Antonio Osterling as chairman, and Luis Felipe Ganoza as commercial director.

The firm said the opening in Peru is a further expansion of Price Forbes’ Latin America presence, following investment in Santiago and Miami, US.

Price Forbes Latin America is focused on delivering facultative and structured reinsurance solutions for domestic carriers. Its London and Miami offices work closely with regional teams to develop and coordinate a holistic strategy for clients.

Antonio Osterling has over 30 years of experience in the industry. He has been chairman & CEO of Aon Peru, CEO & founder of JAO and partners and, until December 2020, chairman and CEO of AJ Gallagher Peru following its 2013 acquisition of JAO Partners.

Felipe Ganoza is a reinsurance specialist with over 17 years’ industry experience including at Health Lambert Peru, JLT Peru and as CEO of Carpenter Marsh Peru.

“Price Forbes is the one broker in the London market that clearly aims to develop a solid international network, so vital in our global world today,” said Antonio Osterling. “It has the tools and expertise to position our clients in the forefront. With these, we aim to become the leading most influential broker in Peru.”

Greg Ferguson, Ardonagh Specialty International CEO commented: “Investing in empowered market leading leadership teams and aligning them to our strategy and the broader capabilities of Ardonagh Specialty is essential to our continued development and growth in Latin America. I’m very pleased to welcome Jose Antonio and Luis Felipe to drive a new market leading independent reinsurance proposition for Peru and to strengthen our Latin American Executive team.”

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