Price Forbes Re has announced the appointment of Oliver Waterhouse as head of property facultative, a key role in the company’s ongoing efforts to strengthen its facultative reinsurance capabilities.

Waterhouse, who will be based in the company’s London office, reports directly to Nikki Melbourne, head of facultative. He will lead the Property Fac division, which is an area of strategic focus for Price Forbes Re.

With 14 years of experience in the global property market, Waterhouse joins Price Forbes Re from Howden Tiger, where he served as executive director managing facultative operations. His career also includes roles as executive director for international property and international facultative at WTW and within the risk management practice at Marsh.

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Melbourne stated that Waterhouse’s appointment is an integral part of Price Forbes Re’s plan to enhance its client-focused reinsurance solutions.

“His expertise in global property placements across a broad range of sectors and regions made him the perfect person for this position,” she said.

“Not only was I compelled by the chance to lead an emergent team but also the opportunity to join at such an exciting time in the growth journey of Price Forbes Re. This is a great time to be part of the Price Forbes family and the broader Ardonagh Group to deliver best-in-class results for clients in an ever-dynamic market,” Waterhouse said.

In addition to Waterhouse, Price Forbes Re made other key appointments in its facultative reinsurance division earlier this month. Fred Few Brown and Jonathan Gerken have joined the team as part of the company’s broader strategy to expand across various product lines.

Few Brown, based in London, also joined from Howden Re and will be responsible for property facultative reinsurance, reporting to Melbourne.

Gerken, who will focus on terrorism and political violence facultative reinsurance globally, will report to Richard Penrose, head of political violence and terrorism at Price Forbes Re. Both hires are part of the company’s drive to strengthen its facultative offering across multiple lines.

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