Ardonagh Specialty rebrands to Price Forbes Re

Ardonagh Specialty’s reinsurance business, which includes Inver Re in Bermuda and London and Equinox Re in the US, will be named Price Forbes Re in the wake of a restructuring of multiple brands in 2023, with Price Forbes becoming the main brand for wholesale business.

Inver Re launched in June 2021, bringing together multiple teams after the acquisition of BGC’s insurance business in November 2021. Since its inception, the broker has grown across Bermuda, the US and London with specialists and several specialist team launches to become “the largest independent broker in Bermuda”, the company said.

Price Forbes Re will be headed by Chris Bonard as president, who will report to Ardonagh Specialty chief executive Andrew Wallin.

Wallin said: “Price Forbes is renowned for its rich heritage in London, Bermuda, and global marketplace. Price Forbes Re will build on more than 100 years of specialist insurance broking by creating a reinsurance specialist business that is energetic, entrepreneurial, progressive, and bold.

“In an increasingly complex world, success in business relies more than ever on effective and strategic risk management and Price Forbes has a reputation for partnering with clients around the world who are looking to understand and balance today’s risk and plan for the future.”

Bonard said: “Our approach breaks from traditional reinsurance models to provide the agility needed in today’s fluid, rapidly changing world. As Price Forbes Re we will continue to bring a fresh perspective to a market increasingly lacking flexibility and draw on a rich history of driving innovation in risk management.”

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