May 19, 2021
Global brokerage, Price Forbes has named Nicolas Bardon as executive vice president, Bermuda.
In his new role, Bardon will work closely with Nick Foden-Pattinson, president of Price Forbes Bermuda.
He brings many years of experience as a retro broker and industry loss warranty (ILW) specialist.
Price Forbes states his appointment strengthens the firm’s presence in Bermuda and his proven track record of working with clients to deliver solutions broadens the business’ ability to bring clients bespoke products to fit their needs.
He joins the business from Bermuda brokers, where he served as a producing broker across several product lines. Prior to this, he was a broker at JLT Re/Guy Carpenter’s Retrocessional Property Team.
Nicolas Bardon commented: “I am delighted to join Nick Foden-Pattinson and the broader team at Price Forbes and Ardonagh to expand their client offering.
“The ILW market has been very active since the beginning of the pandemic over a year ago. Last year’s price increase attracted the traditional markets as well as the start-ups to write ILWs and we anticipate that buyers’ appetite for these products will remain strong at renewal. The reinsurance market, especially in Florida, and the retro market have an impact on ILW prices and the actual outcome suggests some price stabilization and growing trading activity especially in light of the potential increase of natural catastrophe frequency.”
Nick Foden-Pattinson added: “We’re delighted to have attracted someone of Nic’s expertise and experience to expand the business. Price Forbes Bermuda and the Ardonagh Group is committed to delivering independent placement and advice to clients across the world and Nic’s appointment will help us to deliver on our commitment.”