Ardonagh Specialty has announced the appointment of a North America reinsurance team, headed by Nick Foden-Pattinson. Foden-Pattinson was previously CEO of RFIB Americas.
The new North America reinsurance team will operate through Equinox (Re)Insurance Intermediaries, which is licensed in Connecticut, with Foden-Pattinson holding the position of president of Equinox (Re)Insurance Intermediaries and working with Roland Pike as chief operating officer. Foden-Pattinson will also hold the position of president of Price Forbes Bermuda.
The team will be supported by brokers, risk modelers, and technicians based in London and Greenwich, CT. The London team will be headed by Jeremy Brasier and supported by Tony Key.
“Being part of the Ardonagh Group gives us the ability to continue to grow the business with a committed management to expand in Bermuda and USA,” Foden-Pattinson said. “The need for specialty advice has never been more necessary as we head into a hard and difficult market. I believe the model that we are setting up will be an attractive option for clients and markets alike.”
“Ardonagh Specialty is the ideal platform to build and grow a strong reinsurance broker in Bermuda and the USA,” said Jim Masterson, Ardonagh Specialty CEO. “We are thrilled to be further expanding the group’s capability in this space and delighted to be doing it with a team of this caliber and expertise.”