Ardonagh Specialty Renames Reinsurance Division to ‘Price Forbes Re’

Ardonagh Specialty Launches Price Forbes Re, Its Newest Subsidiary: A Renewed Emphasis on Risk Management and Innovation in the Reinsurance Sector

Inver Re, launched in June 2021, was a subsidiary of Ardonagh Specialty that was created by bringing together multiple teams following the acquisition of BGC’s insurance business in November 2021. The company had expanded its operations across Bermuda, the US, and London and had become the largest independent broker in Bermuda. Ardonagh Specialty has announced that Inver Re will now operate under the Price Forbes Re name as part of its efforts to simplify its multiple brands in 2023.

Price Forbes Re will be established as the main brand for Ardonagh Specialty’s wholesale business, with Equinox Re in the US and Inver Re in London also operating under this name. 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, Ardonagh Specialty is dedicated to driving innovation and excellence in the insurance industry.

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