Agri-Industries
Price Forbes & Partners has extensive experience facilitating insurance for the agricultural industry; a highly complex sector that demands specialist and bespoke coverage. Every year the agricultural industry changes in two ways; firstly it becomes more sophisticated and complex as it advances; and secondly, as stock prices are connected to various economic factors, values fluctuate heavily.
Strong underwriter relationships allow us to present these agri-industry risks in their best light. Having placed many new ethanol plants into the best capacity carriers, as the future of farming progresses, Price Forbes & Partners’ property specialists are fully prepared for the next challenge the business brings.
As with other specialty lines, Price Forbes & Partners often explores the opportunity to place the stock on a throughput basis.
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Heavy Metal Industries
Price Forbes & Partners’ property team is able to be highly responsive to clients involved in both aluminium and steel production.
The aluminium industry has complex exposures, ranging from bauxite mining in catastrophe-prone areas such as the Caribbean and Australia, refining the bauxite, smelting with the risk of pot freeze, to the fabrication and recycling of products. Working closely with clients, Price Forbes & Partners has a full understanding of the process, enabling us to develop terms which provide cover for clients’ demands.
With steel production, Price Forbes & Partners helps the market differentiate between the fully integrated steel producers with tough exposures, such as the blast furnaces, to the more modern electric arc furnaces that re-melt scrap iron and steel.
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Hi-tech & Bio-tech
Price Forbes & Partners has in-depth knowledge and experience working with the complex risks associated with the hi-tech and bio-tech industries. The experienced team acknowledges the high standards that the sector demands and delivers individually tailored policies to protect clients’ assets, particularly those that are catastrophe-exposed.
Price Forbes & Partners has handled insurance requirements for many of the world’s largest risk managed, hi-tech and bio-tech companies and has strong relationships and daily contact with underwriters in London, continental Europe and Bermuda.
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Manufacturing & Process Industries
With the highly engineered risk market dominated by FM Global, clients turn to London, Europe and Bermuda for an alternative, more intuitive marketplace.
Price Forbes & Partners’ experienced team takes time to understand the goals and aspirations of every client in terms of their insurance needs and delivers a programme with a blend of markets to meet them.
Manufacturing and process industry exposures continue to be a favoured class of the markets Price Forbes & Partners trades with.
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Sawmills
The sawmill industry requires a specialist knowledge that ensures risks are fully understood and evaluated by both clients and underwriters. Price Forbes & Partners works with clients to discuss and evaluate individual risks before approaching markets to ensure the best possible coverage is obtained.
Price Forbes & Partners works with all types of sawmills; from the smaller, family owned mills to the larger, corporate mills. The size of the plant and the operating procedures are usually the driving factors determining the placement, but careful attention is also placed on safety records and location.
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Telecommunications & Media
Price Forbes & Partners’ in-depth understanding of the risks unique to the telecommunications and media businesses, combined with close and longstanding relationships with the global markets enables the team to consistently deliver creative and strategically developed programmes tailored for each client.
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