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# Price Forbes launches $1bn property, cargo and terror facility with Brit
- URL: https://thecoverwire.com/price-forbes-accordium-property-cargo-terror-facility/
- Published: 2026-10-13T08:15:00.000Z
- Updated: 2026-11-02T11:34:59.000Z
- Description: The Accordium facility, backed by Brit, puts property, stock throughput and terrorism cover in one policy with a joint deductible.
- Author: CoverWire
- Tags: London Market, #desk-london-market

Price Forbes has launched Accordium to place property, stock throughput and terrorism cover in one policy, aiming to reduce gaps and duplicated cover for businesses insured for up to $1bn.

The broker calls Accordium the first integrated London market facility to combine the three classes. It was developed in an exclusive partnership with Lloyd's insurer Brit and is supported by exclusive automated follow capacity.

Accordium targets SME and mid-market businesses across a range of sectors internationally. It uses bespoke wordings and applies a separate rate to each class.

The facility has a joint deductible structure covering the three classes.

Stock loss can also trigger business interruption cover.

The broker said bringing the covers together should improve placement efficiency while reducing duplication and gaps associated with standalone policies.

"As a genuinely integrated solution, Accordium is incredibly efficient, yet its main objective is to eliminate the issues clients commonly encounter with multiple standalone programmes," said Ash Ganesan, deputy chief executive of cargo at Price Forbes.

Ganesan said the facility combines property, cargo and terrorism expertise from Price Forbes, Brit and selected follow markets to offer broader protection and more certainty for clients.

Price Forbes is part of Ardonagh Specialty. The broker manages more than $7bn of gross written premium and employs about 1,500 people, Insurance Business reported.

Its Lectio cross-class follow facility began in 2021 with about $350m of premium in scope. That figure has since grown to about $1.6bn, according to Insurance Business.

Accordium applies a similar facility approach to risks that a client might otherwise buy through several programmes. Its structure gives brokers one wording and one deductible while retaining class-specific rates.

Related coverage: [Chubb combined ratio rises to 84.1% on $705m of catastrophe losses](https://thecoverwire.com/chubb-q3-2026-combined-ratio-cat-losses-london-competition/) and [Marsh says Broker Workbench cuts London placement processing to hours](https://thecoverwire.com/marsh-broker-workbench-london-wholesale-digital/).

## Sources

- [Price Forbes: Price Forbes launches first-of-its-kind facility for property, cargo and terrorism](https://www.priceforbes.com/insights-and-event-articles/price-forbes-launches-first-of-its-kind-facility-for-property-cargo-and-terrorism/?ref=thecoverwire.com)
- [Insurance Times: Specialty broker launches new London market facility](https://www.insurancetimes.co.uk/news/specialty-broker-launches-new-london-market-facility/1459921.article?ref=thecoverwire.com)
- [Global Reinsurance: Price Forbes, Brit launch Accordium](https://www.globalreinsurance.com/home/price-forbes-brit-launch-accordium-integrated-property-cargo-and-terrorism-facility/1459923.article?ref=thecoverwire.com)
- [Insurance Business: Price Forbes launches Accordium](https://www.insurancebusinessmag.com/uk/news/breaking-news/price-forbes-launches-accordium-to-put-property-stock-and-terror-under-one-deductible-593225.aspx?ref=thecoverwire.com)