Amwins takes 8-person Equinox reinsurance broker team & accounts from Price Forbes Re

Insurance origination and distribution specialist Amwins is expanding its reinsurance broking capabilities, with the latest being the move of part of the Equinox Re team from Price Forbes Re to the company,  including Nick Foden-Pattinson and Jeremy Brasier, along with their accounts, Reinsurance News can reveal.

In total, 8 brokers are making the move from Equinox Re, part of Price Forbes Re, to Amwins Global Risks where they will have a focus on building out capacity and transaction reinsurance for clients.

It marks the latest growth steps in Amwins reinsurance broking ambitions, with this becoming an increasingly serious piece of the origination and distribution specialists global business offering.

The move includes well-known reinsurance broking industry executives Nick Foden-Pattinson and Jeremy Brasier, along with colleagues from their teams based in London and Bermuda.

It appears it is not just the people and their expertise that are moving, so to is the client portfolio of business, Reinsurance News understands.

Price Forbes Re and Amwins came to an agreement on the transfer of part of the Equinox Re portfolio based in Bermuda and London, the companies exclusively told us, so the moves appear amicable unlike many reinsurance broker team hirings.

Chris Bonard, President of Price Forbes Re, explained to us, “Our priority has been to ensure that our clients experience a seamless transfer as Amwins moves these accounts to an in-house service model. We’d like to thank the Amwins team for their collaborative efforts, co-creating a solution that has put the clients and colleagues involved first. We wish the team all the best for the future.”

Nate Mathis, CEO of Amwins Global Risks, added that, “We are thrilled to have Nick Foden-Pattinson, Jeremy Brasier, and their colleagues in London and Bermuda onboard to advance our expertise in reinsurance placements.

“Their experience will facilitate the placement of reinsurance capacity to support Amwins’ specialty underwriting programs as well as the specialty programs of select third-party accounts. We look forward to welcoming them to Amwins.”

Price Forbes Re further explained to us that the rest of the Equinox Re North American team, led by CEO Pat Rastiello who joined in February this year (although still subject to regulatory approvals), will soon be renamed to Price Forbes Re, to complete that integration, following the successful launch of the brand into the Bermuda and London markets earlier this year.

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