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Price Forbes strengthens niche Agri focus with specialist appointment

12 May 2016 Price Forbes
Ebbe Rabie.

Ebbe Rabie.

Price Forbes insurance brokers has strengthened its specialist capabilities in the Western Cape by appointing Ebbe Rabie as Senior Specialist Advisor, effective 1 May 2016.

Rabie who has 25 years of insurance experience holds a degree in Economic Science (B. Econ) from Stellenbosch University. He double majored in Economics, including Political Economics and Industrial Psychology. In 2012 he earned a certificate in Advanced Global Leadership from Harvard Business School. He also has his RE1 Representative Certificate (Cum Laude) in compliance with the FSB.

After graduation, Ebbe started his insurance career as a Loss Adjuster with Campbell and Williams (GAB Robins) in 1991, where he was involved with adjusting large corporate and commercial claims, as well as complex politically motivated losses. He was the named adjuster on an agricultural group scheme, Cropsecure, for Lloyds Underwriters and developed a niche in this sector. In 1999 Ebbe was appointed as the Lloyds approved, Risk Manager and Underwriter, managing the Cropsecure insurance portfolio at intermediary, Hammond & Graaffs. During this period, he also developed and sold the first weather derivative in Africa.

In 2003 he was appointed by a consortium of co-op’s (Afgri) and banks (Rand Merchant Bank) to start a new Specialist Underwriter, Agricola, where he managed the portfolio as the Senior Underwriter and built this book to become the 3rd largest Crop Insurer in South Africa.

In 2006 he moved to the corporate broking market working with a number of different large listed multinational American and UK-based intermediaries. He worked across a number of different speciality classes including Crop Insurance, Structured Trade Credit and Political Risks while continuing to maintain a large Agri portfolio in Southern Africa.

“We are delighted to welcome Ebbe to our Price Forbes team in the Cape Town office where he will continue with his specialist insurance skills. We believe that the insurance market in the Western Cape is highly competitive and Ebbe will be a significant addition to the team. Ebbe consults many corporates, commodity traders, fund managers, local and multi-national banks and is well known in the local and international insurance market,” says Warren Bolttler, CEO of Price Forbes.

The Western Cape is also a strong economic hub for retail, financial services, and the food sector in which Price Forbes would like to make bigger inroads. “We already have heightened skills and innovative products in the Agri Sector and will be looking to expand further in these specific sectors,” concludes Bolttler.

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