BMS Group has announced a strategic partnership with Berns Brett India, signalling its expansion into the Indian market, with the local entity set to be rebranded BMS (India) Ltd pending regulatory approval.
Nick Gillett, CEO of BMS International, commented, “BMS’s regional investments from Turkey to India show the focus we are giving to these exciting areas of growth and our belief in their importance to the Group’s diversification and geographical strength.
“We believe India to be an economic powerhouse and plays directly to our Specialty strengths, contributing through strong local connections to our Global skill sets.”
BMS’s entry into the Indian market follows the official launch of BMS (DIFC) Ltd, which was recently completed after obtaining all necessary licenses and regulatory approvals.
The Dubai International Financial Centre (DIFC) continues to grow as a regional financial hub, attracting an increasing number of global reinsurers and brokers establishing a presence there.
Commenting on the DIFC launch, BMS described it as a key foundation stone in the company’s regional growth strategy.
Ranji Sinha has been appointed SEO of BMS (DIFC) Ltd, assuming responsibility for all business across the MENA region and Turkey, as well as for all territories and classes underwritten through the DIFC.
