at price forbes we bring together the best people and … · at price forbes we bring together the...

AT PRICE FORBES WE BRING TOGETHER THE BEST PEOPLE AND THE BEST MARKETS SO YOU CAN BE SURE

YOUR NEEDS ARE ALIGNED AND CONNECTED TO THE VERY BEST SOLUTIONS AVAILABLE

www.priceforbes.com

INDEPENDENT CONNECTEDCOMMITTED

Roberts Donegan Ltd commences trading as Prentis Donegan & Partners Limited

1993

Price Forbes andCompany acquired bySedgwick Group Ltd

1972 2005 Marsh & McLennan Companies Inc announces plans to sell wholesaleoperations including Price Forbes and Company

2004 Marsh & McLennan Companies Inc acquires Prentis Donegan & Partners Ltd and merges the business with Price Forbes Ltd

2006 Purchase of the business, assets and ‘Price Forbes’ brand by the management ofPrice Forbes & Partners Ltd

2008Price Forbes & Partners (Bermuda) Ltd formed

Price Forbes and Company founded

MILESTONES

1893

Marsh & McLennanCompanies Inc acquiresSedgwick Group Ltd

1998

BETTER FOR YOUAs a truly independent company we are committed to bringing you unparalleled expertise, connecting you with the best people, markets and solutions available.

IndependentOur independence means we are not constrained by market agreements. This leaves us free to work with markets best placed to meet your and your clients’ needs.

ConnectedYou benefit from our centralised in-house service, a team driven by a desire to collaborate in your best interests. Together, we will connect you with the best products and markets to achieve the right solution for you.

CommittedTaking a long-term view means we are dedicated to developing a mutually beneficial relationship with our clients and markets. By working together we believe we can tackle the most sophisticated risks with a tenacity to deliver on time, every time.

2009Price Forbes & Partners and Tradewinds, Kuala Lumpur form strategic alliance

2010Price Forbes & Partners & Ark Insurance Group, Lagos form strategic alliance

Establishment of treatyreinsurance operations

2015Price Forbes (Pty) Ltd change name from PFP Insurance Brokers(Pty) Ltd

2016Price Forbes wins ‘Broker of the Year’ at London Reactions Awards and Insurance Insider Honours Awards

2014Price Forbes DMCC (Dubai) formed

2015Highbridge Principal Strategies, LLC invest in Price Forbes & Partners, maintaining our independence

2013Price Forbes Labuan Ltd (Malaysia) formed

2012PFP Insurance Brokers (Pty) Ltd, South Africa awarded Financial Services Board (FSB) license

2017Price Forbes Chile opens in Santiago

Price Forbes becomes part of the Ardonagh Group

We are an independent specialist global wholesale insurance broker with offices in Bermuda, Brussels, Chile, Dubai, London, Malaysia and South Africa. We have had over 11 successive years of growth, placing risks for large national corporations, SMEs and start-ups, and in particular, non-standard risks for large multinational companies. Our team of experts works closely with clients ensuring they are aligned with the best markets, people and products available to achieve the right solution.

We have over 420 employees working in all aspects of broking, technical, claims and support, all of whom are dedicated to helping you.

EXPERTISE & EXPERIENCE

OUTSTANDING SERVICE

DELIVERING SOLUTIONS

INDEPENDENTVIEWPOINT

INDEPENDENT BROKER AND SPECIALIST (RE) INSURANCE ADVISOR

INDEPENDENT.CONNECTED.COMMITTED.

2019Price Forbes Europe NV opens in Brussels, Belgium


OUTSTANDING SERVICE





BROKERS OFTEN CLAIM TO BE INDEPENDENT BUT WE GENUINELY ARE

Taking a truly independent standpoint is written in our DNA. It means that we can always give you fair, honest and realistic advice.

We are not constrained by market agreements. This allows us to work with the markets that suit your specific needs. In our opinion, no two client situations are the same, therefore no two solutions are comparable. We will seek out the right markets for you and create a dialogue, so that you too are empowered to understand the decisions you are making from an informed position of strength.

We are an independent, specialist Lloyd’s broker based in the heart of London’s insurance sector, trading with all of the major international insurance and reinsurance markets in London, Bermuda and Europe.

Data correct as of March 2019

SUCCESSIVE YEARS OF GROWTH11

Strategically located in the heart of London’s insurance district

SANTIAGO

CHILE

BUT DON’T JUST TAKE OUR WORD FOR ITHERE’S WHAT ONE OF OUR CLIENTS SAYS

OFFICESWORLDWIDE8

420EMPLOYEES

OVER

Safety and service are our key priorities as a business. Price Forbes has worked hand-in-hand with our local insurance broker to understand this and develop a relationship, which gives us real comfort for the long-term.

The Marine team appreciates that the Liftboat business requires specialist knowledge and has used its experience to consistently get us a policy and premium that is right for Offshore Liftboats.

300CLIENT FACING

OVER

“Craig PierceHealth, Safety and Environmental Manager Offshore Liftboats LLC

“

HAMILTON

BERMUDA

DUBAI

UAE

LONDON

UK

LABUAN

MALAYSIA

JOHANNESBURG / STELLENBOSCH

SOUTH AFRICA

BRUSSELS

BELGIUM

MEMBER OF THE WORLDWIDE BROKER NETWORK (WBN):

THERE ARE SOLUTIONSAND THEN THERE ARE EXPERT SOLUTIONS

Finding the right answer means asking the right questions. We believe that, to really get to the bottom of your business needs, we have to listen to you and understand what drives you. Only then can we begin the journey to the right recommendations.

We will assess your situation, gather all the data required and then analyse the information before agreeing a joint approach that matches your risk appetite. It is essential for you to be part of the process, to be informed and empowered. Open engagement between all parties, you, us and underwriters, creates a long-term mutually beneficial relationship.

By working closely with you we can align your needs to the best markets, to find a solution that is right for you. Our strategy combines a nimble, entrepreneurial and collaborative philosophy underpinned by expertise in our particular products and markets. Delivery comes from attracting the best talent in the market and developing their skills, so that you can be confident in the advice, service and products we provide.


OUTSTANDING SERVICE





• Accident & Health• Active Assailant• Aviation• Cargo• Cargo Reinsurance• Construction• Credit & Political Risks• Cyber• Data Solutions• Energy• Financial Products• Fine Art, Jewellery & Specie• Forestry• Healthcare• International Motor

• International Property & Casualty• Life Science• Marine• Mining• North American Casualty• North American Property• Power, Utilities & Nuclear• Programmes & Facilities• Reinsurance & Products• Renewable Energy• Risk Management• Sharing Economy• Treaty Reinsurance• War & Terrorism

COMPREHENSIVE SOLUTIONSTOTAL COMMITMENT

The term ‘silo’ is often heard in business – but not at Price Forbes & Partners. We have specialisms in key industries, products and services, but be assured, we work as one for you. This means that, whatever your industry, you can be confident we will bring the strongest team to bear on your behalf.

A GENUINELY FIRST CLASS SERVICEWHICH IS WHY WE HANDLE ALL OF OUR CLAIMS IN-HOUSE

A (re)insurance broker’s service should be judged by the quality of its claims handling. Providing added value to a client’s business through the integrated provision of the highest possible standards of service throughout the claims process lies at the core of our proposition, as does active claims negotiation and fast, effective step-by-step guidance leading to an efficient settlement and collection process.

The same level of focused commitment and expertise should be expected when the policy is called upon to respond as when it was first purchased.

The Claims team has a reputation for being thorough, tenacious and creative. Claims negotiation and settlement is not outsourced or offshored; it is handled by our team - your team - in London. The Claims team is integral to the placement teams and is highly qualified and experienced in all of the business in which the firm specialises.

The team is actively involved in package design, incorporating claims procedures and protocols to ensure that all parties are aware of the claims management process from day one.

Data correct as of March 2019

LLOYD’S OF LONDON STATISTICS SHOW PRICE FORBES TO BE CONSISTENTLY ABOVE THE MARKET AVERAGE FOR CLAIMS TRANSACTIONS, ADVICES AND SETTLEMENT TIMES AMONGST THE 29 MAJOR LLOYD’S BROKERS MONITORED


OUTSTANDING SERVICE





2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

174

180

186

181 19

7 218 23

5

242

296

340 37

020

16

380

2017

424

2018

INCREASE IN EMPLOYEES SINCE FORMATION

143%$13bn+

PREMIUM FLOW TO MARKET SINCE LAUNCH

Our clients are at the heart of everything we do and our people are at the heart of everything we offer.

We seek out, attract and develop the most talented people available in the market; the kind of people who are entrepreneurial, tenacious, skilled specialists in their fields. Equally, these individuals understand the need to work collaboratively to benefit you.

In every part of our business you profit from the experience of highly trained, highly qualified expertise, a combination of dynamism and wisdom focused on providing market-leading specialism and service.

THERE IS NO SUBSTITUTE FOR EXPERIENCEOR EXPERTISE FOR THAT MATTER

What really impressed us was the team at Price Forbes had an in-depth knowledge of our industry and our business. They worked with us collaboratively to get us cover that was right for us at a premium that was very competitive.

The model we offer is built on drawing together the right talent from across our business into a team designed around you, the challenges you face and the specialist knowledge required.

Together we can work with you to deliver, today, tomorrow and for your future.


OUTSTANDING SERVICE





“ “Wholesale Broker, USA

WE ARE DETERMINED TO FIGHT YOUR CORNER UNCONSTRAINED BY ANY MARKET AGREEMENTS

Now is always a good time to talk. Our team is ready to help you and the starting point is to put us to the test. Ask us the difficult questions – we will help with solutions that challenge the norm.

Call us on:+1 (441) 296 6968and we’ll put you through to one of our experts.

Or email one of our experts below.

MEET THE EXPERTS

priceforbes.com

INDEPENDENTCONNECTED

Price Forbes & Partners (Bermuda) LimitedButterfield Bank Building, 6th Floor, 65 Front Street, Hamilton, HM12, Bermuda

Copyright Price Forbes & Partners (Bermuda) Limited 2019Company Registration Number 41564Price Forbes & Partners (Bermuda) Limited is licensed by the Bermuda Monetary Authority.Price Forbes & Partners (Bermuda) Limited is a wholly-owned subsidiary of Price Forbes Group Limited (UK)

COMMITTED

PFP 184 03/19

linkedin.com/company/price-forbes-&-partners

@PriceForbes

Annemarie TobinSenior Vice PresidentT +1 (441) 296 3622E [email protected]

Sarah HicksSenior Vice PresidentT +1 (441) 296 6968E [email protected]

at price forbes we bring together the best people and … · at price forbes we bring together the...

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