Price Forbes & Partners Ltd and Bishopsgate Insurance Brokers Ltd, two firms within the Ardonagh Group, have announced that they have merged their energy businesses into a combined specialist energy group.
The newly consolidated group will be led by Gordon Newman, Chairman of Bishopsgate, who will coordinate production activity across both brands.
“This group will service clients across the full spectrum of energy business on a worldwide basis,” explained Newman.
James Masterton, Chief Executive Officer (CEO) at Price Forbes, added: “I am delighted Gordon leads this unique opportunity in bringing together a world class group of energy expertise for the benefit of the industry.”
The two companies collectively operate as the Specialty & International Segment of the Ardonagh Group, the UK-based diversified independent insurance intermediary.
Price Forbes is an independent, specialist Lloyd’s broker that trades with all of the major international insurance and reinsurance markets, and became part of the Ardonagh Group in June 2017.
Bishopsgate Insurance is a London market broker with expertise in the specialised Lloyd’s and London Market environments.