Ardonagh Specialty, a subsidiary of the Ardonagh Group, has announced that its reinsurance business will now be known as Price Forbes Re. This change is part of the company’s effort to simplify its multiple brands in 2023, with Price Forbes established as the main brand for its wholesale business. Inver Re in London and Bermuda, as well as Equinox Re in the US, will now operate under the Price Forbes Re name.
Price Forbes Re was launched in June 2021 by bringing together multiple teams following the acquisition of BGC’s insurance business in November 2021. The company has expanded its operations across Bermuda, the US, and London, growing to become the largest independent broker in Bermuda. Chris Bonard has been appointed as the president of Price Forbes Re, reporting to Ardonagh Specialty CEO Andrew Wallin pending regulatory approval.
According to Wallin, Price Forbes Re aims to build on over 100 years of specialist insurance broking by creating a reinsurance specialist business that is energetic, entrepreneurial, progressive and bold. The company will focus on effective and strategic risk management, partnering with clients globally to understand and balance current risks and plan for the future. Price Forbes Re plans to break from traditional reinsurance models and provide the agility needed in today’s rapidly changing world, drawing on a history of driving innovation in risk management.
Ardonagh Specialty serves as a holding company and growth platform for independent brokers in the wholesale, specialty and reinsurance sectors. As a subsidiary of the Ardonagh Group, a UK-based independent insurance distribution platform and top 20 global broker
