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
INDEPENDENT CONNECTED COMMITTEDBETTER FOR YOU
IndependentOur independence means we have no local conflicts, nor are we 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.
INDEPENDENTVIEWPOINT
OUTSTANDING SERVICE
DELIVERING SOLUTIONS
INDEPENDENT. CONNECTED. COMMITTED.
EXPERTISE AND
EXPERIENCE
INDEPENDENT BROKER AND SPECIALIST (RE) INSURANCE ADVISOR
1972 Price Forbes andCompany acquired bySedgwick Group Ltd
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
1998 Marsh & McLennanCompanies Inc acquiresSedgwick Group Ltd
2006 Purchase of the business, assets and ‘Price Forbes’ brand by the management ofPrice Forbes & Partners Ltd
2008Price Forbes & Partners (Bermuda) Ltd formed
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
1893Price Forbes and Company founded
MILESTONES1993 Roberts Donegan Ltd commences trading as Prentis Donegan & Partners Limited
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, Chile, Dubai, London and South Africa. We have had just over 11 successive years of growth, placing non-standard risks for large multi-national companies. Our team of experts work closely with clients ensuring they are aligned with the best markets, people and products available to achieve the right solution.
We have over 410 employees working in all aspects of broking, technical, claims and support.
As a truly independent company we are committed to bringing you unparalleled expertise, connecting you with the best people, markets and solutions available.
BERMUDA: HAMILTON
UK:LONDON
SOUTH AFRICA:JOHANNESBURGSTELLENBOSCH
MALAYSIA:LABUAN
UAE:DUBAI
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 have no local conflicts, nor are we 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. We employ over 410 employees working in all aspects of broking, technical, claims and support, all of whom are dedicated to helping you.
INDEPENDENTVIEWPOINT
OUTSTANDING SERVICE
DELIVERING SOLUTIONS
INDEPENDENT. CONNECTED. COMMITTED.
EXPERTISE AND
EXPERIENCE
INDEPENDENT BROKER AND SPECIALIST (RE) INSURANCE ADVISOR
Data correct as of October 2018
BUT DON’T JUST TAKE OUR WORD FOR ITHERE’S WHAT ONE OF OUR CLIENTS SAYS
OFFICESWORLDWIDE7
410EMPLOYEES
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.”
Craig PierceHealth, Safety and Environmental Manager Offshore Liftboats LLC
CHILE:SANTIAGO
Strategically located in the heart of London’s insurance district
SUCCESSIVE YEARS OF GROWTH11
300CLIENT FACING
OVER
• Accident & Health• Aviation• Cargo• Cargo Reinsurance• Construction• Credit & Political Risks• Cyber• Energy• Financial Products• Fine Art, Jewellery & Specie• Forestry• Healthcare
• International Motor• International Property & Casualty• Life Science• Marine• Mining• North America Casualty• North America Property• Power, Utilities & Nuclear• Programmes & Facilities• Reinsurance• Renewable Energy• Terrorism
THERE ARE SOLUTIONSAND THEN THERE ARE EXPERT SOLUTIONS
COMPREHENSIVE SOLUTIONSTOTAL COMMITMENT
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.
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.
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.
OVER
OFFICES500 LOCATED IN OVER
COUNTRIES100
INDEPENDENTVIEWPOINT
OUTSTANDING SERVICE
DELIVERING SOLUTIONS
INDEPENDENT. CONNECTED. COMMITTED.
EXPERTISE AND
EXPERIENCE
INDEPENDENT BROKER AND SPECIALIST (RE) INSURANCE ADVISOR
Member of
A GENUINELY FIRST CLASS SERVICEWHICH IS WHY WE HANDLE ALL OF OUR CLAIMS IN-HOUSE
The acid test of a (re)insurance broker’s service should be judged by the quality of its claims handling. Providing added value to clients’ 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 and 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 off-shored; 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.
It is actively involved in programme design, incorporating claims procedures and protocols to ensure that all parties are aware of the claims management process from day one.
INCREASE IN EMPLOYEES SINCE FORMATION
118%
INDEPENDENTVIEWPOINT
OUTSTANDING SERVICE
DELIVERING SOLUTIONS
INDEPENDENT. CONNECTED. COMMITTED.
EXPERTISE AND
EXPERIENCE
INDEPENDENT BROKER AND SPECIALIST (RE) INSURANCE ADVISOR 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
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 $13bn+
PREMIUM FLOW TO MARKET SINCE LAUNCH Data correct as of May 2018
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
WE ARE DETERMINED TO FIGHT YOUR CORNER UNCONSTRAINED BY ANY LOCAL CONFLICTS OR MARKET AGREEMENTS
“ 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.”
Wholesale Broker, USA
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.
INDEPENDENTVIEWPOINT
OUTSTANDING SERVICE
DELIVERING SOLUTIONS
INDEPENDENT. CONNECTED. COMMITTED.
EXPERTISE AND
EXPERIENCE
INDEPENDENT BROKER AND SPECIALIST (RE) INSURANCE ADVISOR
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:
+44 (0)20 7204 8400and we’ll put you through to one of our experts.
Or email us at:[email protected] you’ll get a reply from one of our experts.
www.priceforbes.com
INDEPENDENTCONNECTED
Price Forbes & Partners Limited2 Minster Court, Mincing Lane, London EC3R 7PD
Copyright Price Forbes & Partners Limited 2018Registered in England number 5734247. Registered office as abovePrice Forbes & Partners Ltd is a Lloyd’s broker and is authorised and regulated by the Financial Conduct Authority
COMMITTED
PFP 181 10/18