Price Forbes adds four to aviation practiceArdonagh-owned Price Forbes has swooped on rivals Ed Broking, KM Dastur and Marsh to make four hires to its global aviation practice.
BMS builds out US marine unit with triple Price Forbes hireBMS has continued the build-out of its US marine wholesale unit with a triple hire from Price Forbes.
Ardonagh Specialty looks internally for Price Forbes and Bishopsgate CEOsArdonagh has made a wave of C-suite appointments within its specialty business – which houses Price Forbes and Bishopsgate – under recently installed executive chairman and CEO James Masterton.
Ardonagh sees H1 2020 pre-tax loss double to £95mnUK broking consolidator Ardonagh has slumped to a heavy £95mn pre-tax loss in H1 2020 fuelled by substantially higher finance costs and a dent in its retail arm caused in part by Covid-19.
Price Forbes launches US healthcare practice with JLT hiresArdonagh-owned Price Forbes has launched a US healthcare practice headed up by Paul Voller, former chair of JLT-owned Healthcare Risk Partners, and David Fairbank.
Ed takes Price Forbes’ Laird for Risk Solutions unitGlobal reinsurance, wholesale and specialty broker Ed has appointed Richard Laird as a divisional director in its Risk Solutions division.
Price Forbes takes share in Hong Kong broker SinoPrice Forbes has bought a minority stake in Sino Insurance and Reinsurance Brokers (Sino), as the Ardonagh-owned firm looks to build out its strategy of supporting regional overseas intermediaries who wholesale business into the London market.
Ardonagh weighs liquidity options to spur growth ambitionArdonagh Group CEO David Ross has said his firm is “constantly re-evaluating” its liquidity options to fuel the next stage of growth, which will see the acquisitive broking consolidator look to double in size “within three years”.
Ed hires Price Forbes’ D’Arcy to head facWholesale and specialty broker Ed has appointed marine cargo specialist Jennifer D’Arcy to the new role of executive vice president and head of facultative reinsurance.
Price Forbes launches security risks practice with JLT trioArdonagh-owned Price Forbes has launched a security risks practice, hiring a three-strong team from JLT to set-up the new division at the London-based wholesale broker.
Ardonagh drags Pat Gallagher into bitter UK poaching disputeBishopsgate has won a court application for access to documents from rival broker Alesco and its parent Gallagher but failed in its claim for costs as the war of attrition between the industry’s fourth largest broker and The Ardonagh Group continues.
BMS continues energy team build-out with more Price Forbes hiresLondon wholesaler BMS has continued to build out its nascent energy insurance team with three more hires from rival Price Forbes and a fourth addition from JLT.
Price Forbes bolsters power team with trio of hiresWholesaler Price Forbes has grown its power, utilities and nuclear team with a trio of hires including former Marsh managing director Simon Howell, re-Insurance.com understands.
Ardonagh Group makes move into reinsurance brokingThe Ardonagh Group has taken a step into the reinsurance broking market with the launch of a new unit targeting the sector under its Price Forbes unit.
BMS hires Price Forbes executive to launch new direct energy operationThe London market wholesaler BMS is to launch an energy insurance division later this year, led by Price Forbes executive James Chicken.
Price Forbes latest London broker to undertake job-cutting exercisePrice Forbes has made a number of people redundant as part of an efficiency drive to reduce costs and improve margins by its private equity owners, Reinsurance can reveal.