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Brokerage Price Forbes Ltd. on Tuesday said it has hired a team of former Jardine Lloyd Thompson Group PLC executives to staff a new division focused on growing its professional liability business in Canada, North America and internationally.
Peter Boardman, managing director and head of Canada, and Guy Robinson, executive director, Price Forbes, will lead the new division, which will focus on professional liability insurance for architects, engineers and law firms, the company said in a statement.
They are joined by Scott Belton, director, and Laura Pollard, assistant director, as well as James Fletcher, broker, Lucy Lawrence, technician, and Nicola Salt, executive assistant, the statement said.
The London-based team previously worked at wholesale broker Lloyd & Partners Ltd., which was merged with JLT Specialty in 2015, and has been together for about seven years, the brokerage said.
All the business is written out of London, the statement said.
“The professional liability market is certainly a challenging one for our clients, with a hardening market, increased loss experience and reduced capacity. Our team has vast experience of this sector, having worked in both hard and soft markets, and with all of the major syndicates,” Mr. Boardman said in the statement.
Jonathan Gray has been appointed a consultant at insurance brokerage Price Forbes & Partners Ltd. to advise Equinox Underwriting, Price Forbes' managing general agency.