LIIBA adds Price Forbes and Lonmar CEOs to board

The London and International Insurance Brokers’ Association (LIIBA) has appointed James Masterton, chief executive officer of Price Forbes, and David Pexton, chief executive officer of Lonmar Global Risks, to its board.

Masterton has over 25 years’ experience in the insurance market. He began his career in 1983 in London at Sedgwick, joining as a broker of property programmes for North American corporations. He became a director of Sedgwick North America before moving to Prentis Donegan, where he led the combined non-marine groups for the merged Price Forbes and Prentis Donegan & Partners.

Pexton has over 30 years’ experience in the insurance market. He has been on the board of Lonmar for 14 years and was managing director of the international and agency division, before assuming the role of CEO. Before joining Lonmar, he was managing director of SBJ nternational Insurance Brokers, and prior to that, director of Arthur J Gallagher International.

Christopher Croft, CEO of LIIBA, said: “In James and David, we have two senior executives with immense experience of the Lloyd’s and international insurance markets. They are two major figures from our independent wholesale community – whose voice must be represented in our work. Their presence on the LIIBA board will be a huge asset during what is a turbulent period for both the market and UK commerce as a whole.”

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