Price Forbes recruits new Bermuda EVP from Bermuda Brokers

Insurance broker  Price Forbes has appointed a new executive vice president (EVP), Bermuda. He joins the company from Bermuda Brokers.

New EVP Nicolas Bardon brings years of experience as a retro broker and industry loss warranty (ILW) specialist. His appointment strengthens Price Forbes’ presence in Bermuda and his proven track record of working with clients to deliver solutions broadens Price Forbes’ ability to bring clients bespoke products to fit their needs.

Bardon will work closely with Nick Foden-Pattinson, president of Price Forbes Bermuda.

Nic joins from Bermuda Brokers where he was a producing broker across several product lines and prior to this he was a broker at JLT Re/Guy Carpenter’s Retrocessional Property team.

Nicolas Bardon commented: “I am delighted to join Nick Foden-Pattinson and the broader team at Price Forbes and Ardonagh to expand their client offering.

“The ILW market has been very active since the beginning of the pandemic over a year ago. Last year’s price increase attracted the traditional markets as well as the start-ups to write ILWs and we anticipate that buyers’ appetite for these products will remain strong at renewal. The reinsurance market, especially in Florida, and the retro market have an impact on ILW prices and the actual outcome suggests some price stabilization and growing trading activity especially in light of the potential increase of natural catastrophe frequency.”

Nick Foden-Pattinson added: "We're delighted to have attracted someone of Nic's expertise and experience to expand the business. Price Forbes Bermuda and the Ardonagh Group is committed to delivering independent placement and advice to clients across the world and Nic's appointment will help us to deliver on our commitment."

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