Global specialist broker Price Forbes has announced the launch of its cross-category following facility Lectio in Bermuda, expanding the facility’s premium coverage to approximately $1.3 billion.
The facility will initially offer Bermuda property insurance, enabling Price Forbes Bermuda to automatically track pre-approved Bermuda property placements with leading insurance companies, with premium coverage estimated at approximately $85 million.
Lectio was launched in April 2021 to provide an exclusive service to Price Forbes clients and their brokers, initially offering freight, coins, financial products, healthcare and marine insurance with premium coverage of approximately $350 million.
Since then, the facility has expanded significantly to include aviation, cargo/inventory throughput, cyber, onshore and offshore energy, financial institutions, marine, global property and power. The most recent expansion was in July 2025, adding building and builders risk insurance.
Carrie Kelley, CEO of Price Forbes Bermuda, said: “The launch of Lectio marks a significant milestone for Price Forbes Bermuda. The exclusive tracking facility will provide our customers with meaningful capacity, underscoring our continued commitment to delivering pioneering solutions to the Bermuda market.”
Dan Walsh, chief underwriting officer at Lectio, added: “Bermuda is a strong and dynamic insurance market and a key growth region for Price Forbes. Providing Lectio services to the island’s major real estate leaders demonstrates our intention to grow the product in key regions and provide our customers with significant value, flexibility and choice.”