Price Forbes Holdings Limited (Price Forbes), an independent, specialist Lloyd’s broker based in the heart of London’s insurance sector, today announced its strategic entry to the Chilean market.
Price Forbes has acquired an equity interest in a leading reinsurance broker which has been trading for over 12 years serving large Chilean corporate clients and the reinsurance markets. The operation is led by Luc Van Eyghen, who with the support of Price Forbes will continue to grow the business and expand the specialist services it offers. Greg Ferguson of Price Forbes will join the board of the company which has already initiated process to file the new name Price Forbes Chile.
Quote from Luc Van Eyghen
“We are delighted that Price Forbes has taken an investment in our business. We have been working closely together for some time and this cements that relationship. Their involvement will provide access to expertise in specialist classes of business which will help us to support our clients and develop new business. We look forward to a successful partnership together.
Quote from Michael Donegan, CEO Price Forbes
“We were attracted to the quality of the leadership, the reputation of the people and its business and the value that Price Forbes as a group can bring to help local clients gain independent expertise and international market access. We are looking forward to working with Luc and his team to help develop our combined presence in Chile.
Quote from Greg Ferguson, Managing Director - International
“This is an exciting international investment outside of our core business platforms and is a clear message of our ambition to enter into strategic markets. The robust platform gives us a spring board in to a market place where we see great opportunity to jointly grow our brand and the current portfolio with innovative solutions combining Price Forbes’s capabilities”.