Price Forbes & Partners (Bermuda) has appointed William Wood as senior vice president of the firm’s recently launched captive insurance management unit. As part of The Ardonagh Group, the UK’s largest independent broking platform, Price Forbes offers captive management services within its reinsurance brokerage business for the wider group. The launch of Price Forbes Bermuda’s new captive management unit follows soon after the firm received an insurance managers license from the Bermuda Monetary Authority. The unit will be led by Wood, who previously served as director of captives and commercial insurers at Artex Risk Solutions (Bermuda). Before this, he was president and CEO of Charles Taylor Insurance Management (Bermuda). Nick Foden-Pattinson, president of Price Forbes Bermuda, comments: “We are delighted to welcome William to build out the insurance management operation for us. His depth and breadth of experience is just what we need to start a new captive management platform.” James Masterton, CEO of Ardonagh Speciality, affirms: “As we continue our investment in the Bermuda space, we are delighted to attract high-calibre talent such as William into our new captive management business.” Wood adds: “I have known and worked with the team for a number of years and so was excited when I was asked to set up a captive management operation as a compliment to their Bermuda brokerage platform.” “It is great to be involved in something new, but also because of the variety of opportunities expected from across the wider Ardonagh Group as well as the unique operating structure of the new enterprise.”
