Independent Lloyd’s of London insurance broker Price Forbes has launched a US Healthcare practice, to be led by Paul Voller and David Fairbank.
Based out of London, the practice will arrange insurance, captive reinsurance and treaty protection for Price Forbes clients, complimented by placements for cyber protection.
Voller most recently served as Chairman of Healthcare Risk Partners, part of JLT Group.
He has 45 years’ market experience and previously worked as Head of Division for Healthcare at Lloyd & Partners.
Fairbank has worked alongside Voller for the last 25 years and has over 40 years’ market experience, having similarly served as a Senior Partner at Healthcare Risk Partners and Lloyd & Partners.
Price Forbes’ full team includes Keeley Baker, Sirkka-Maija Kariluoma-Boom, Executive Assistant Kerrie McGilly and Geoff Dixon, who brings expertise on cyber related risks in Healthcare.
The company’s Non-US international healthcare will continue to be headed up by Executive Director Tomer Karni.
“The healthcare liability market is an increasingly challenging environment for clients to navigate their way through following years of competitive rates set against a backdrop of notable losses in the medical malpractice arena,” said Voller.
“We are now entering a phase of hardening rates, scrutiny on retentions and coverage and capacity being managed,” he continued.
“Price Forbes’ leading profile in the independent sector represents an ideal choice for us and for clients. Our team’s vast experience and market knowledge combined with Price Forbes’ independence is just what clients need.”
James Masterton, CEO of Price Forbes, also commented: “Our goal is to continue to offer expanded services in the Specialty sector and so I am delighted to welcome this new team. Their vast experience and extensive contacts across this increasingly challenging sector will quickly help our clients.”
