Price Forbes & Partners is 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. Price Forbes & Partners employs over 200 employees working in all aspects of broking, technical, claims and support.

The business strives to find simplicity and service excellence in complex situations. In servicing a diversified portfolio of business types, Price Forbes & Partners has brought together the talent and resources that are necessary to fully analyse and address each business sector in which it operates.

The team is a well-established group of talented (re)insurance professionals that has the confidence of clients and markets. Price Forbes & Partners’ reputation derives from its ability to apply an innovative approach and vision to provide bespoke insurance solutions to clients.

Price Forbes & Partners’ skill sets are defined by the best industry standards and it is its entrepreneurial capabilities that deliver exceptional solutions for clients: from the definition of clients’ business objectives right through to execution. The aim is to support clients throughout the lifecycle of a policy, offering informed opinion on all relevant business issues. Where appropriate, such opinion will be supported by an in-depth analysis of specific data and/or more general industry trends.

The key to successful client service is to offer each client an overall team of professionals, coordinated by a client team leader, operating from a single London office, supported by a satellite office in Bermuda.

 

 

EXPERTISE

 

Cargo, Specie & Fine Art

The transportation and storage of large volumes of goods represents significant risk to business. It requires prudent management to cover the possibility of loss or damage to produce, which is both an asset and a future source of income.

Price Forbes & Partners provides expert cargo, fine art and specie coverage. The team provides standalone solutions for stock throughput, which offers significant catastrophe capacity for worldwide inventory at competitive deductibles.

 

Casualty / Liability

Price Forbes & Partners’ casualty team is one of the most experienced, independently-owned casualty broking teams in the London market and has the confidence of clients and markets alike. The team’s reputation derives from its bespoke approach to providing innovative insurance solutions. This is reflected in a broad client base ranging from hospitality through to leading transportation and construction companies. The team has strong relationships with markets that write on a primary, umbrella or layered basis.

 

Construction

Price Forbes & Partners has an established reputation as specialists in the construction industry. Its dedicated and extensive team has decades of experience and currently manages a large portfolio of diverse construction risks for contractors, owners and projects. Brokers travel extensively and are active in the construction industry, attending IRMI and other related conferences.

 

Energy

Price Forbes & Partners’ energy team has the capability and proven expertise to provide comprehensive insurance and risk engineering services to all levels of companies operating within the energy sector.

Competitive solutions are created for clients to protect against risks inherent in the business. The experienced team has the diversity and commitment to structure and enhance the value of insurance products which are available from the London and international insurance markets.

 

Marine

The marine team at Price Forbes & Partners handles an international portfolio of direct and reinsurance business, placed with underwriters in all the major insurance and reinsurance markets, including mutual and fixed P&I carriers.

Clients range from a wide variety of maritime nations and industries, and the marine team has the breadth and depth of expertise necessary to respond to clients’ needs.

 

Mining and Natural Resources

Price Forbes & Partners’ specialist mining and natural resources team has the in-depth technical and global marketing skills to provide tailored solutions for clients involved in all areas of the mining, minerals and metals production industries.

 

Power, Utilities, and Nuclear

Price Forbes & Partners’ specialist power, utilities and nuclear team works with clients to design an insurance placement that meets individual risk transfer requirements. This is backed-up by strong broking abilities to ensure the very best possible terms.

 

Programmes and Facilities

The delegation of underwriting authority by carriers is commonly referred to as binding authority, programmes, facilities or underwriting services and is, increasingly, the distribution method of choice for carriers and managing agents looking for a cost effective method of bringing their product to market. Price Forbes & Partners advises a diverse range of agents and brokers in the design, negotiation and implementation of insurance programmes where the key element is delegated underwriting. Price Forbes and Partners’ reputation in this area is based on a track record of delivering a high quality service to a number of long term clients.

 

Property

Price Forbes & Partners’ property team has a large team of dedicated specialists in its London offices, including broking, technical and claims handling expertise. Clients include real estate, hospitality, rail, and fortune 500 companies as well as the largest global manufacturing conglomerate. Price Forbes & Partners’ clients demand consistency in delivering a high level of service with a strong sense of communication and understanding of their risk.

 

Reinsurance

In a market that is dominated by large broking organisations, the newly-formed reinsurance division at Price Forbes & Partners will act as a counterbalance to the industry’s big players. The team will provide superior service to an international client base, including specialist support for start-up and niche operations. All classes of Reinsurance are catered for, whether on a traditional or structured basis.

 

Special Risk: Terrorism

Price Forbes & Partners’ terrorism team has extensive marketing and programme design capability, creating protections for clients from terrorist acts and the resultant physical damage and liability exposures.

The team’s in-depth knowledge includes:

- Construction projects throughout the world

- Power generation facilities, both multi-schedule and individual plants

- Property, such as hotels, casinos and real estate schedules in all major cities

- Refineries, pipelines and petrochemicals

- Steel mills, pulp and paper facilities, mining and metals extraction