Price Forbes Forms Bermuda Company
NU Online News Service, April 23, 3:48 a.m. EDT?London-based Price Forbes said it is forming a wholesale brokerage company in Bermuda.[@@]
The new company will be the Bermuda unit of the wholesale group that is comprised of Crump and Victor O. Schinnerer in the United States, Encon in Canada, and Price Forbes in the United Kingdom.
"The world's largest retail broking community exists in North America and will greatly benefit from more efficient, effective access to the Bermuda markets," said Jeremy Cooke, president and chief executive officer of the group.
Alan Waring was named chief executive officer of the Bermuda company. He was previously executive vice president of Arthur J. Gallagher Intermediaries (Bermuda), Limited.
Price Forbes is a wholesale insurance broker whose specialties include North American non-marine property, with expertise in utilities and energy, casualty, medical stop loss, and facilities and binding authority business.
The group is a subsidiary of New York City insurance broker Marsh, a Marsh & McLennan Co.
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