Price Forbes Hires Davies to Lead Bermuda Property Division

Key Takeaways

• Gareth Davies becomes EVP, Head of Property, Bermuda
• Brings 30 years global property insurance experience
• Previously led property at Lockton, JLT Specialty
• Aims to grow Price Forbes' Bermuda market share
• Supports strategic development and innovative client solutions

Pulse Analysis

Bermuda remains a global hub for property and catastrophe reinsurance, attracting insurers seeking capital efficiency and regulatory advantages. The island’s market has seen steady premium growth, driven by heightened climate risk awareness and demand for sophisticated risk‑transfer solutions. In this context, leadership appointments that combine local insight with global experience are critical for firms aiming to expand their underwriting capacity and client relationships.

Gareth Davies arrives with a rare blend of senior‑level expertise and hands‑on market knowledge. His tenure at Lockton, where he oversaw a multi‑billion‑dollar property portfolio, and earlier roles at JLT Specialty and RK Harrison, equipped him with deep relationships across brokers, cedents, and reinsurers. This background aligns with Price Forbes’ strategic push to enhance product innovation, improve pricing accuracy, and deliver tailored risk‑management services to both legacy and emerging clients in the region.

The appointment is likely to accelerate Price Forbes’ growth trajectory. By leveraging Davies’ network and creative approach, the firm can broaden its client base, introduce new coverages, and strengthen its positioning against larger competitors. For policyholders, the move promises more responsive service and access to cutting‑edge solutions, while investors may see improved profitability as the Bermuda property division captures a larger share of the expanding reinsurance market.