Capital Markets

Price Forbes Capital Markets is an independent capital markets intermediary, headquartered in Bermuda.

The company is led and advised by senior executives with experience in (re)insurance, investment banking, and finance. We provide our global clients with a range of holistic solutions spanning equity, debt, alternative capital, and traditional reinsurance, as they seek to optimize their capital structures. Our specialists further advise on structured and alternative capital solutions, including the issuance of CAT Bonds, Sidecars, and other securitized insured / ‘wrapped’ structures.

We work with established global (re)insurers, Lloyd’s Syndicates, MGAs, insurtechs, fronting carriers, captives, and start-up firms.

Price Forbes Capital Markets is part the Ardonagh Group, one of the world’s largest risk distribution groups. We are positioned at the center of the global (re)insurance industry, giving us breadth of knowledge and access to industry leaders in Bermuda and across the world.

Capital Raise

We advise on various insurance industry company financing transactions including IPOs, common stock, convertible preferred, hybrids, surplus notes, high grade debt, high yield debt, bank debt, and contingent capital offerings. We advise clients on effective strategies designed to drive the absolute best terms to achieve the lowest possible cost of capital. This includes traditional financing as well as traditional and collateralized reinsurance (quota share, excess-of-loss, loss portfolio transfers, adverse development covers), and insurance-linked securities.

Mergers and Acquisitions

We provide strategic and M&A advice on both buy-side and sell-side transactions, fairness opinions, valuation opinions, joint venture formations, and general strategic advice.

ILS Risk Structuring

We provide structuring, pricing, placing, and the trading of insurance-linked securities. We offer a platform for trading catastrophe risk including catastrophe bonds, industry loss warranties (ILWs), and parametric products in both derivative and reinsurance form.

Strategic Advisory

We provide direct access to primary and reinsurance products for investors who rely on this advice on engagements with (re)insurers, rating agencies, and ILS funds. We provide assistance in navigating the intricacies and investment options within the insurance-linked securities market. We provide market insight and commentary on various areas of the ILS sector such as trends, patterns, and potential future areas of interest ILS.

Consulting and Research

We provide an in-depth review of fund strategies and the underlying analytics of the ILS sector. Provide an assessment of investor portfolio needs based on specific requests and stated risk-return profiles. We optimize risk/fund selection to ensure the addition of complementary investments and avoid duplicative risks. We assist in the creation of separately managed accounts and bespoke products and provide deep insight into various ILS products and relationships with the largest asset managers within the sector.

Analytics

Investors and Markets can leverage our dedicated analytics team to review and assist in the interpretation of cat modelling platforms, DFA analysis, and financial modelling. We provide a model-agnostic approach that allows for comprehensive risk analysis and real-time analysis of risks across different modelling views. These analytics can be used to manage portfolios, individual position limits, and overall risk exposure.