Ardonagh expands into reinsurance with new Price Forbes broker
Ardonagh-owned Price Forbes & Partners has launched a new broking entity specialising in reinsurance business, both treaty and facultative.
Price Forbes Risk Solutions (PFRS) will operate as an appointed representative of Price Forbes & Partners and exist as a subsidiary operating within the international and specialty segment of Ardonagh.
PFRS will be headed by David Barrie as chief executive officer.
“We are delighted to be joining the Ardonagh Group as an Appointed Representative of Price Forbes and we look forward to working closely with the various teams in the business to create exciting opportunities across the group,” Barrie commented.
James Masterton, CEO of Price Forbes & Partners, said: “We are confident that our investment to create an independent reinsurance and specialty insurance intermediary has come at an opportune time and we look forward to this new venture and the opportunities it will bring.”
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