Lonmar snaps up five Price Forbes specialists in ‘major coup’
Lonmar Global Risks, a Brown & Brown company, has snapped up five specialists from Price Forbes for its fine art, jewellers block and specie (FAJS) unit as part of its strategy to expand capabilities and build market presence.
The move increases the size of the FAJS division by a third, bringing a raft of complementary capabilities in jewellers block (JB) and cash in transit (CIT) insurance, as well as dedicated claims professionals.
The new appointments are led by Edward Longe as head of specie wholesale team, followed by Richard Phillips, David Cobb, Susan Raffel and Martyna Samec, who began their roles in July.
Aqua Sanfelice, who leads the division, hailed the appointments as a major boost for FAJS. She said: “Securing Edward and his colleagues is a major coup for us, and they will make an immediate, significant difference to the breadth and depth of our JB, CIT and GS proposition.
“They give us new capability across all Specie sub classes globally with specific emphasis in North America, Turkey and India, and strengthen our existing links in South America. Moreover, we now have a strong Jewellers Block customer base in the Far East.
“These new areas of focus build on our high-performing portfolio in UK and Swiss Retail Fine Art (trading under the Lonmart brand) and European Wholesale Fine Art and Jewellers Block business.”
Sanfelice added: “They are a highly respected, experienced unit, and will provide us opportunities for expansion, especially via our owners Brown & Brown, where we are in a great position to respond and support the business from our teammates in the US and Canada.”
Longe commented: “Being part of the Brown & Brown team, where the focus is on entrepreneurship and passion, is very exciting for us, and we fully expect to leverage that relationship for the benefit of the group and our customers.”
“I have great respect for Aqua and her achievements to date, and we are looking forward to playing our part in the continued success for Lonmar globally across the Jewellers Block and Specie space.”
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