Specialist insurance brokerage Price Forbes & Partners, part of the Ardonagh Group, has announced the launch of new reinsurance intermediary Price Forbes Risk Solutions Ltd (PFRS), with the intention of strengthening and expanding the Group’s broking expertise.
PFRS will exist as a subsidiary operating within Ardonagh’s International & Speciality segment and is set to operate as an appointed representative of Price Forbes.
David Barrie will lead PFRS as Chief Executive Officer (CEO) and is expected to specialise in both its treaty and facultative reinsurance business, with the objective of maximising potential across the Group.
Barrie commented, “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”.
CEO of Price Forbes & Partners, James Masterton, added, “We are confident that our investment to create an independent reinsurance and speciality insurance intermediary has come at an opportune time and we look forward to this new venture and the opportunities it will bring.”