Price Forbes Re has appointed industry veteran Tim Barber as chief executive of its London reinsurance business.

Mr Barber, who will report directly to Chris Bonard, president of Price Forbes Re, will oversee the firm’s London operations and help drive the expansion of its global reinsurance platform.

He joins from QBE Re, where he most recently served as head of North America in New York. Over more than four decades in the industry, he has also held senior roles at Benfield Group and Aon Ltd in London, beginning his career at Wigham Poland Reinsurance Brokers.

Mr Bonard said: “Tim brings deep expertise, proven leadership and an unmatched track record in building reinsurance businesses. His appointment marks a significant step forward for Price Forbes Re, both in London and globally, as we continue to grow and evolve.”

Mr Barber said he was “pleased to be joining Price Forbes Re at a time of real momentum for the business”, adding that the company’s backing from the Ardonagh Group offered “a compelling foundation for significant reinsurance growth”.