Ardonagh Specialty expands into Europe with Lloyd’s licence for Brussels office
15 October 2020
Ardonagh Specialty is pleased to announce that its European office has received a formal licence to operate as a Lloyd’s broker.
Ardonagh Specialty Europe NV is based in Brussels and is regulated and licenced by the FSMA.
The granting of the licence is a key milestone in Ardonagh Specialty’s European plans and it means its business units Price Forbes and Bishopsgate can continue to arrange insurance cover on behalf of European brokers and their clients.
However the development is about more than providing a solution to the post Brexit world; it also represents the business’ strategy to provide innovative insurance and reinsurance solutions across all international territories.
Alarik Van Doorn, Managing Director of Ardonagh Specialty Europe NV, comments: “The opening of the office is not just a question of continuity of service and Brexit preparations. It marks a strategic intent to push into Europe and offer truly independent placement advice to clients across EU Member States.
“I look forward to working with the specialty business leaders within Price Forbes and Bishopsgate to enable strong partnerships to evolve with like-minded partners in Europe.”
Price Forbes International CEO Greg Ferguson comments: “As we continue to deploy our international regional strategy, having a platform located in Europe to further distribute our product expertise, an enabler to attract both talent and investment opportunities, is a key milestone in our ongoing growth story.”
Graham Kilby CEO of Bishopsgate comments: “To maximise the availability of cover from the local market, we look forward to developing strong working relationships to best understand risk appetites to be able to place business with the most appropriate markets. We will complement local insurance and reinsurance markets by catering for unique and specialist capacity.”
Notes to Editors
About Ardonagh Specialty
Ardonagh Specialty Holdings Ltd incorporates Bishopsgate Insurance Brokers Ltd and Price Forbes & Partners Ltd.
Together, these leading brands offer independent expertise and truly global reach across an unrivalled breadth of markets and client needs.