Price Forbes Re expands facultative reinsurance team with key appointments
Price Forbes Re expands facultative reinsurance team with key appointments | Insurance Business Canada
Reinsurance
Price Forbes Re expands facultative reinsurance team with key appointments
Duo to enhance property, terrorism, and political violence lines
Reinsurance
By
Kenneth Araullo
Price Forbes Re has appointed Fred Few Brown (pictured above, left) and Jonathan Gerken (pictured above, right) as part of its effort to expand its facultative reinsurance team across various product lines.
The appointments come during a period of strategic growth for the company, following its recent rebranding initiative.
Few Brown, based in London, joins the firm from Howden Re and will take on responsibility for property facultative reinsurance, reporting to Nikki Melbourne, head of facultative at price Forbes Re.
“Fred’s appointment is a pivotal moment for fac at Price Forbes Re. We’ve worked hard to build a platform that great people want to be part of and I am delighted to see the reaction to Fred joining and how he is helping make Property Fac at Prices Forbes Re a standout offering,” Melbourne said.
Few Brown expressed his enthusiasm for joining the team, describing Price Forbes Re’s current stage of growth as a unique opportunity in his career.
“I couldn’t resist the opportunity to join a team which is at a ‘once in a career’ stage of growth. I can’t wait to get stuck in and support the team to grow,” Few Brown said.
Also joining the facultative team is Gerken, who will focus on terrorism and political violence facultative reinsurance on a global scale. Based in London, Gerken reports to Richard Penrose, head of political violence and terrorism at Price Forbes Re.
Gerken brings extensive experience from his previous roles at Guy Carpenter, JLT Re, and K.M. Dastur, where he specialized in terrorism and political violence broking.
“I am excited to be working with Nikki and Richard, and am looking forward to being a key part of the accelerating growth at Price Forbes Re,” Gerken said.
Melbourne said that Gerken’s appointment demonstrates the firm’s commitment to building depth in key product areas and highlighted his strong reputation in the terrorism market, both in the UK and internationally.
These appointments come at a pivotal time for Price Forbes Re, which in May announced a rebranding of its reinsurance operations. Ardonagh Specialty, the parent company, renamed its reinsurance business to Price Forbes Re, consolidating its branding under the Price Forbes label after a year of organizational simplification.
This rebranding included the integration of Inver Re in London and Bermuda, as well as Equinox Re in the United States, under the Price Forbes Re name.
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