Ardonagh Specialty renames its reinsurance broking business Price Forbes Re

Ardonagh Specialty has announced the renaming of its reinsurance business, Inver Re, to Price Forbes Re, which will be headed by Chris Bonard as President, reporting to Ardonagh Specialty Chief Executive Officer (CEO) Andrew Wallin.

The renaming of Inver Re in both London and Bermuda and Equinox Re in the U.S. follows the simplification of Ardonagh Specialty’s multiple brands in 2023.

Inver Re was launched in 2021, bringing together teams after the acquisition of BGC’s insurance business in November 2021. Since its inception, the reinsurance broker has grown across Bermuda, the U.S. and London welcoming specialists and launching several teams to become a large independent broker in Bermuda.

“Price Forbes is renowned for its rich heritage in London, Bermuda, and global marketplace,” said Wallin. “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,” added Wallin.

Bonard added: “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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