Price Forbes has announced the appointment of Nicolas Bardon as Executive Vice President, Bermuda.
Bardon brings many years’ experience as a retro broker and industry loss warranty (ILW) specialist.
His appointment is seen as a strengthening of Price Forbes’ presence in Bermuda, while his proven track record is expected to broaden its ability to deliver bespoke products to clients.
Bardon, who will work closely with President Nick Foden-Pattinson, joins from Bermuda Brokers.
In his last role he he served as a producing broker across several product lines and prior to this was a broker at JLT Re/Guy Carpenter’s Retrocessional Property team.
Commenting on his appointment Bardon said, “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.”
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.”
