Ardonagh Specialty, part of Ardonagh Group’s four platforms has announced a new leadership team that will oversee the next stage of growth for its independent specialist brokers Price Forbes and Bishopsgate Insurance Brokers.
Richard Peers has been promoted from deputy CEO to CEO of Price Forbes. In his new role, Peers will look to further enhance the growth opportunities created by the trading group structure in Price Forbes.
Peers has over three decades of experience across London, Bermuda and the USA and most recently led Price Forbes’ Property, Professional and Financial Lines, Casualty, Life Science and Healthcare teams.
Greg Ferguson has been appointed as CEO, International at Price Forbes with responsibility for driving forward its regional strategy and examine opportunities for acquisitions, joint ventures and strategic hires.
Ferguson joined Price Forbes in 2015 and throughout his tenure, he has worked as both a Lloyd’s underwriter and broker in a variety of specialisms across Latin America, Europe, Scandinavia, the Middle East, Asia Pacific and parts of Africa.
Graham Kilby has been named CEO of Bishopsgate Insurance Brokers, leading operations and the remit to expand in the Programmes and Binders arena and Energy as well as the UK focussed Specialty lines.
Kilby joined the business in 2017 and since then has built out the broker’s successful North American Binder business.
Additionally, Jonathan Turnbull will take on a new role as a member of the Specialty executive committee. As corporate development director, his focus will be on identifying and executing new growth initiatives across both brands.
Turnbull joined the business in 2018 and was CEO of Bishopsgate Insurance Brokers.
James Masterton, executive chairman and CEO of Ardonagh Specialty commented: “Since Price Forbes became a founding part of The Ardonagh Group alongside fellow specialist Bishopsgate, both businesses have grown from strength to strength, investing in technology and talent to ensure our clients are best served by truly independent brokers focused on their individual needs.”
“As the world continues to evolve rapidly, the role of the intermediary has never been more important and in this new management team we are incredibly fortunate to be leveraging exceptional talent, specialist expertise and deep global relationships to successfully lead the strategic direction of both businesses in today’s market.
“As a holding company, Ardonagh Specialty is the platform from which we will execute and direct the investment needed for the next chapter of growth for Price Forbes and Bishopsgate across open market, programmes and international broking. Bolstered with the best talent, technology and products, we are poised to continue delivering solutions which our clients to succeed across a vast array of sectors and regions into 2021 and beyond.”
Masterson assumed his role from Richard Ward, who now leads a number of strategic initiatives across the wider Ardonagh Group, including the Specialty platform.
He has over 25 years’ insurance market, beginning as a broker of property programmes for North American corporations with Sedgwick and was most recently CEO of Price Forbes.