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 he was responsible for large multinational portfolios, sophisticated mid-tier growth clients and the legal indemnity team.
Craig Taylor has over 20 years’ experience providing advice and insurance solutions to a diverse range of real estate clients, both in the UK and internationally, across all asset classes. He was previously Executive Director in the real estate practice groups of Aon and Marsh.
Dave Woolley was previously Director of Legal Indemnities at Aon, working with lawyers, surveyors, national housebuilders, commercial developers and lenders on many of the largest property and land transactions.
The launch team includes Chris Rogers and Jack Stevens appointed for the real estate client team and Sarah Cox and Paul Weston as brokers responsible for rights of light and legal indemnities.
Mark Manwaring said: “I was attracted to Ardonagh Specialty’s ‘can do’ attitude and entrepreneurial spirit. The opportunity to build a practice with a clean slate and the backing of a global organisation is extremely rare. It gives us a unique chance to design a service-driven proposition for real estate investors that is unencumbered by legacy.
We will build a practice based on an agile prompt service, a meticulous attention to detail leading to true long term and mutually beneficial partnerships.”
Craig Taylor commented: “In recent years, the real estate investment industry has grown in sophistication, so too has its participants’ need for expert advice on risk and insurance matters. Having seen the broking industry struggle to respond to this change, I am delighted to have found a platform at Price Forbes that provides our team with the flexibility, room for creativity and entrepreneurial environment needed to rise to this challenge”.
John Thompson, Price Forbes CEO, said: “We saw a huge market opportunity to launch a real estate practice based on comprehensive advice, outstanding service and new products – and now we have the right team to do it. This may be a start-up team, but they enter the market with the clout of Ardonagh Specialty as the largest independent broker in London. We’re delighted to be the employer of choice for top entrepreneurial brokers such as Mark, Craig and Dave and look forward to supporting them to build a thriving business.”
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With over 100 years of history, Price Forbes is a widely respected authority in open market insurance, with a bold and progressive agenda to better meet clients’ needs. Price Forbes is part of Ardonagh Specialty, the largest independent specialty broker in the London market. It has offices around the globe and expert teams in energy, casualty, property, aviation & space, marine, professional & financial lines, cargo, specie & fine art and construction. www.priceforbes.com
Operating under the brands Bishopsgate, Price Forbes and InverRe, Ardonagh Specialty is the largest independent specialty broker in the London market with offices around the globe. It has c.1500 colleagues globally, manages more than $7 billion in gross written premium and is the 5th largest Lloyd’s broker. www.ardonagh.com