Reinsurance News

BMS acquires SRG Group

16th June 2022 - Author: Pete Carvill

Broker firm BMS has acquired SRG Group.

HandshakeThe acquisition was announced in a statement from the firm, saying that it had purchased the brokerage, which has operations in Perth and Queensland. BMS said it had acquired SRG in full, with staff transferring to BMS.

Andrew Godden, chief executive of BMS’ Australian business, said: “We are very pleased to welcome the SRG team to BMS. We have significant growth ambitions in Australia and will continue to expand our operations in the short and medium term with additional people, teams and businesses that bring expertise and shared values.”

BMS said that the acquisition would complement its existing operations across Australia, while bringing additional scale.

Rod Fitzgerald, managing director SRG, added: “We are all delighted to be joining BMS, which brings us access to the resources and distribution of a global broker that we can bring to bear for the benefit of our rapidly growing customer base. Our decision to partner with BMS stems from the clear alignment between our two cultures and shared ambition that is so important to success in this market. We are excited by the opportunity that being part of BMS brings.”

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