Price Forbes snaps up Aon trio for new real estate and legal indemnity practice

Ardonagh-owned Price Forbes has launched a new real estate and legal indemnity practice, a statement releaed yesterday (24 January 2024) said.

The new division will be headed by Mark Manwaring, who will take up the role of managing director of real estate.

Manwaring held the same role at Aon before joining Price Forbes, with him being responsible for large multinational portfolios, sophisticated mid-tier growth clients and the legal indemnity team.

In his new position, Manwaring said he “will build a practice based on an agile prompt service and a meticulous attention to detail leading to true long-term and mutually beneficial partnerships”.

“I was attracted to Ardonagh Specialty’s can do attitude and entrepreneurial spirit,” he added.

“The opportunity to build a practice with a clean slate and the backing of a global organisation is extremely rare. It gives us a unique chance to design a service-driven proposition for real estate investors that is unencumbered by legacy.”

Other appointees

Manwaring will be joined by Craig Taylor, who takes up the role of executive director of real estate, and Dave Woolley as executive director of legal indemnities.

Taylor has over 20 years’ experience providing advice and insurance solutions to a range of real estate clients, both in the UK and internationally.

He was previously executive director in the real estate practice groups of Aon and Marsh.

Woolley, meanwhile, was previously director of legal Indemnities at Aon, working with lawyers, surveyors, national housebuilders, commercial developers and lenders on property and land transactions.

Chris Rogers and Jack Stevens have also been appointed for the real estate client team, while Sarah Cox and Paul Weston will act as brokers responsible for rights of light and legal indemnities.

“In recent years, the real estate investment industry has grown in sophistication, so too has its participants’ need for expert advice on risk and insurance matters,” Taylor said.

“Having seen the broking industry struggle to respond to this change, I am delighted to have found a platform at Price Forbes that provides our team with the flexibility, room for creativity and entrepreneurial environment needed to rise to this challenge”.