Price Forbes
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Alliant is in the process of moving the ~$1bn of business it places with Howden to other wholesalers. -
The Bermuda-based executive joined the Ardonagh Group’s reinsurance broking arm in March 2023.
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The London broker has also recently hired Michael Lohan from Lockton.
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Tim Barber joins from QBE Re, where he was head of North America.
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Sources said the team is led by Martin Soto Quintus and is mostly based in Chile.
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Worsening trading conditions in the D&O market are leading to staff cutbacks.
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Plus, the latest people moves and all the top news of the week.
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Layla O’Reilly and Mark Edwards are among the brokers leaving the firm.
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A limited number of broking staff are also leaving the business, including downstream head Dan Nicholls.
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A collision earlier today caused a cargo of jet fuel to burst into flames.
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The broker joined the Ardonagh Group from Gallagher’s Alesco in 2017.
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Andrew Draycott is to stay on "for the foreseeable future".
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The executive joined the company in 2019 from Barbican.
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Price Forbes Re calls expansion a pivotal moment for its facultative team.
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The broker has worked for WTW, Lockton and AJ Gallagher.
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The broker has more than 30 years’ experience in the London motor market.
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Thomas Noakes is joining the broker from Price Forbes in June.
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Alex Mott and Henry Brown worked in the hull and liability team at Price Forbes.
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The pair hail from Miller and Aon respectively.
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Green has resigned as head of UK underwriting construction and engineering.
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He will take up his new role in September.
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The senior upstream energy broker departed Marsh last autumn.
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Price Forbes has been hiring across specialty lines, and recently appointed Howden’s cargo head Jonathan Eaton.
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Eaton is currently the managing director and global head of cargo at Howden Specialty.
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The senior broker will initially focus on hostile environment and kidnap and ransom lines of business.
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The onshore energy broker has more than 15 years’ experience in the sector.
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Ardonagh is consolidating the broking operations of Ed Broking, Besso and Bishopsgate under the Price Forbes brand.
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They are the latest additions to the Ardonagh team, which has been on a major hiring push.
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Price Forbes now houses Ardonagh Specialty’s energy operations, absorbing teams from Ed Broking, Besso and Bishopsgate.
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The fast-growing group – which did not exist when the UK voted to leave the EU – is now close to $500mn of adjusted Ebitda.
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The intermediary has named leaders for each line of business within the two divisions.
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Ex-Miller broker Andrew Vertigan will also join BMS’ energy team as it looks to strengthen its service offering.
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John Thompson, Graham Kilby, Richard Peers and Russ Nichols will take the top jobs.
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The appointment comes soon after the broker hired Louise Rothschild from Price Forbes.
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Cargo movement has been elevated following a sustained period of rate hardening.
