Price Forbes swoops for JLT team to launch new professional liability unit

Specialist insurance broker Price Forbes, part of the Ardonagh Group of companies, has launched a new professional liability division following the hire of an experienced team that previously worked at wholesale insurance broker Lloyd & Partners, which was merged with JLT Specialty in 2015.

The team is led by Peter Boardman, managing director and head of Canada, and Guy Robinson, executive director, Price Forbes.

It includes Scott Belton – director, Laura Pollard – assistant director, James Fletcher – broker, Lucy Lawrence – technician and Nicola Salt – executive assistant to Boardman, who have been working together for at least seven years. Boardman has over 39 years insurance broking experience having led professional liability teams since 1999.

The division is focused on growing Price Forbes professional liability business in Canada, North America and internationally with a particular interest in architects, engineers and law firms. All the business will be written out of London.

The company expects to hire more experienced professionals as it looks to develop a financial lines team that can handle E&O, D&O, financial institutions, cyber and M&A risks.

Boardman commented: “This is an exciting move for all of us as Price Forbes offers us really true independence. The professional liability market is certainly a challenging one for our clients, with a hardening market, increased loss experience and reduced capacity. Our team has vast experience of this sector, having worked in both hard and soft markets, and with all of the major syndicates, a depth of knowledge and understanding that enables us to really help our clients in all market conditions.”

James Masterton, CEO Price Forbes, said: “I am delighted to be able to welcome Peter and the team to Price Forbes. These appointments underline Price Forbes’ strategic vision of growing the business in core sectors by investing in talented market specialists to ensure we continue to provide the right cover for our clients no matter how challenging the market conditions.”

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