Price Forbes launched a US healthcare practice, headed up by market veterans Paul Voller and David Fairbank.
The practice will be based out of London and will predominantly focus on the US healthcare sector arranging insurance, captive reinsurance and treaty protection for clients, complemented by placements for cyber protection.
Voller will be managing director and lead the practice with Fairbank as executive director.
The move marks a substantial expansion of Price Forbes’ healthcare practice. Non-US international healthcare will continue to be headed up by Tomer Karni, executive director.
Voller has 45 years’ market experience and most recently served as chairman of Healthcare Risk Partners, part of JLT Group. Fairbank, who has worked with Voller for the last 25 years, also has over 40 years’ market experience and was previously a senior partner at Healthcare Risk Partners and Lloyd & Partners.
Commenting on his appointment, Voller commented: “The healthcare liability market is an increasingly challenging environment for clients to navigate their way through following years of competitive rates set against a backdrop of notable losses in the medical malpractice arena.”
He continued: “We are now entering a phase of hardening rates, scrutiny on retentions and coverage and capacity being managed. Price Forbes’ leading profile in the independent sector represents an ideal choice for us and for clients.”
James Masterton, CEO of Price Forbes, said: “Our goal is to continue to offer expanded services in the Specialty sector and so I am delighted to welcome this new team. Their vast experience and extensive contacts across this increasingly challenging sector will quickly help our clients.”
