Price Forbes has launched a professional liability division that is focused on growing the business in Canada, the rest of North America, and even internationally.
The new professional liability division is led by managing director and head of Canada Peter Boardman. Price Forbes executive director Guy Robinson will also oversee the division’s operations.
According to a release, Price Forbes hired an experienced team to form the division, which will primarily handle the professional liability needs of architects, engineers, and law firms. The team consists of: Scott Belton, director; Laura Pollard, assistant director; James Fletcher, broker; Lucy Lawrence, technician; and Nicola Salt, executive assistant to Boardman. Said team had previously worked at wholesale insurance broker Lloyd & Partners, which was merged with the operations of JLT Specialty in 2015.
Price Forbes expressed interest in hiring more members for the division, as the company develops a financial lines team that handles E&O, D&O, financial institutions, cyber, and M&A risks.
“This is an exciting move for all of us as Price Forbes offers us really true independence. The professional liability market is certainly a challenging one for our clients, with a hardening market, increased loss experience and reduced capacity,” commented Boardman in a statement.
Boardman added that Price Forbes’ team has vast experience in the professional liability sector, having worked in both hard and soft markets and with all of the major syndicates.
A release said that all of the business of the division is written out of London.
“I am delighted to be able to welcome Peter and the team to Price Forbes. These appointments underline Price Forbes’ strategic vision of growing the business in core sectors by investing in talented market specialists to ensure we continue to provide the right cover for our clients no matter how challenging the market conditions,” said Price Forbes CEO James Masterton.