Price Forbes has appointed Gareth Davies as executive vice-president, head of property, effective immediately.

Mr Davies is based in Bermuda and reports directly to Carrie Kelley, CEO of Price Forbes Bermuda, the independent specialty broker said.

In his new role, Mr Davies will take responsibility for the development and growth of Price Forbes Bermuda’s property division.

Mr Davies brings three decades of industry experience with him to the role. He joins from Lockton where he served as head of property. Before that, he held senior roles at JLT Specialty, and RK Harrison. He spent the early years of his career working for AIG, Marsh, and Johnson & Higgens.

The company said his wealth of local experience and ability to develop innovative solutions will prove an invaluable resource to the team as it continues to strengthen its market position.

Ms Kelley said: “Gareth’s impressive experience and deep market knowledge enable him to hit the ground running in his role with us. His creative approach and passion for this market make him a valuable addition to the team.”

Mr Davies said: “I am hugely excited by the opportunity to leverage my experience to help this talented group as we look to provide the best possible service for clients old and new.”