ARDONAGH EXPANDS FOLLOW FACILITY TO PROPERTY

Ardonagh Specialty has expanded its cross-class follow-capacity solution to include Price Forbes’ property business. A panel of underwriters, including Lloyd’s syndicates, will follow pre-approved Lloyd’s leaders across placements for all worldwide property business. Around $250m of premium is in scope. The portfolio solution will be managed within Price Forbes’ Equinox division and digitally integrated “to ensure ease of capacity deployment and constant accessibility for clients”. The addition of a property capacity solution follows April’s launch of a follow facility to cover cargo, specie, terrorism, financial products, healthcare and marine, which covers around $350m of premium. It was originally launched with Beazley but is now backed by three carriers.