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UK: Professional Indemnity

Introduction There is often confusion as to whether claims should be presented under TPL or professional indemnity (PI) policies. In this article, we clarify the extent of cover under each class of insurance and how best to avoid confusion and duplication at the interface. TPL policies cover the insureds for their legal liability to third … Continued

Latent Defects Insurance – Part two

In the first article of this series, we explored Latent Defect Insurance (LDI) policies in more detail and provided an explanation of how they operate in practice. This article will explore the benefits, coverage enhancements, pricing, and market capacity associated with LDI.    Benefits The benefits of LDI are largely similar for both residential and … Continued

Latent Defects Insurance

Latent defects insurance (LDI)policies are a key product for the protection of construction projects. This LDI mini-series article focuses on two different parts. Firstly, we consider the LDI policies in further detail and provide an explanation of the cover provided and how the product operates in practice. Secondly, we will focus on the benefits, coverage … Continued

Insurance broker Price Forbes have been confirmed as Essex Cricket’s newest Official Partner on a three-year deal.

As part of the agreement, Price Forbes branding will be displayed on the pitch covers at The Cloud County Ground, as well as prominently across the front of the Tom Pearce Stand upper tier. The Price Forbes logo will also be printed on the collar of the County Championship and Vitality Blast shirts, alongside further … Continued

UK: Pollution liability cover

Introduction This is the fifth article in our series looking at TPL insurance for the construction industry. We will be looking at the cover provided under TPL policies for pollution liabilities. Historical cover for pollution liabilities Until the early 1990s, most PL policies were not restricted in relation to pollution liabilities. However, at this time the … Continued

Price Forbes grows energy and renewables team with appointment of Dan Nicholls and Ray Spreadbury

Price Forbes has appointed Dan Nicholls to its energy leadership team, and Ray Spreadbury as head of renewables. Dan Nicholls has joined the business after 11 years at Miller, including four as head of Onshore Energy. He has experience across Midstream and Downstream Energy, Power Utility, and Renewables, as well developing alternative risk transfer and … Continued

Price Forbes appoints Sarah Horler as Deputy CEO 

Sarah Horler has been appointed as Price Forbes’ new Deputy Chief Executive Officer*. Sarah takes up her new role in May 2024. She joins the leadership team of Ardonagh Specialty’s insurance segment, working alongside trading CEOs Andrew Draycott, Conor Geraghty and Graham Kilby. She has spent the last 18 years at Lockton, latterly as a … Continued

Phil Johnson joins Price Forbes to lead APAC expansion

Phil Johnson has been appointed as Chief Executive Designate of Asia Pacific at Price Forbes. Based in Singapore, Phil will broaden Price Forbes’ (re)insurance broking platform, working closely with the wider Ardonagh Specialty teams, linking trading throughout the region in partnership with CEO APAC Ardonagh Specialty Alex Gilmore, through London, Bermuda, Singapore and Hong Kong, … Continued

Price Forbes launches Real Estate and Legal Indemnity practice headed by Mark Manwaring

Price Forbes, part of Ardonagh Specialty, has entered the real estate and legal indemnity market with the appointment of Mark Manwaring as Managing Director of Real Estate, Craig Taylor as Executive Director of Real Estate and Dave Woolley as Executive Director of Legal Indemnities. Mark was previously Managing Director of Aon’s real estate practice where … Continued

UK: Financial loss

Welcome to the fourth article in our series investigating the cover available under third party liability (TPL) polices for construction businesses.  Introduction In this article we will consider a common TPL policy extension, financial loss (FL).  This is commonly defined as a loss for which the insured is legally liable, that does not arise from … Continued