Price Forbes Bermuda has promoted Carrie Kelley to the role of chief executive.

The independent specialist risk strategy and reinsurance broker said Ms Kelley has been a driving force behind Price Forbes Bermuda in her role as managing director and will now take on full responsibility for Price Forbes Bermuda operations.

She will report into Chris Bonard, chief executive of Ardonagh Specialty (Bermuda) Ltd and group president of Price Forbes Re.

Ms Kelley has more than two decades of experience in the insurance industry, with a career spanning both broking and underwriting within the Bermuda and US markets.

Prior to joining Price Forbes Bermuda in 2019, Ms Kelley held senior roles in broking and underwriting at firms including Barbican Underwriting Bermuda, Bowring Marsh Bermuda, Guy Carpenter Bermuda and Marsh USA.

She said: “Price Forbes Re has built a tremendous company over the past five years through the hard work and dedication of our employees and the valued partnerships with our clients and carrier partners.

“We are well positioned for growth, and I look forward to leading the company to future success.”

Mr Bonard said: “Our business is in an exciting phase and Carrie’s extensive experience and leadership within the Bermuda and US markets make her the perfect choice to lead us into our next chapter.”

The appointment is subject to regulatory and Bermuda Immigration approval.