Independent specialist re/insurance broker BMS Group has announced the appointment of Sophie Wallace and Dean Andrews as Divisional Directors in the recently established Private Equity, M&A and Tax division.
Andrews has also been appointed Head of Tax Liability Insurance, effective immediately.
Both Wallace and Andrews will report to Tan Pawar, who will be joining BMS as Managing Director of the division in June 2020.
The move forms part of BMS’s plan to expand into new lines and geographies following the investment it received from British Columbia Investment Management Corporation and Preservation Capital Partners.
Wallace has 8 years’ M&A insurance and legal experience, including advising private equity funds, corporates and the wider M&A community on transactional risk insurance solutions.
She is also qualified from CMS Cameron McKenna Nabarro Olswang LLP as a solicitor, with experience in insurance litigation and corporate matters.
Andrews is also a qualified solicitor and joins BMS with 8 years’ international experience in tax liability insurance and tax law.
He started his career at PwC before moving to Eversheds Sutherland and has been advising on tax matters and private equity transactions for clients across Europe, North America, India and Australasia.
“BMS is committed to provide bespoke M&A insurance solutions in the UK, with capabilities on the ground to follow in Europe, Australasia and Canada,” said Nick Cook, CEO at BMS Group.
“The team will also work closely with our retail broker partners in North America and Latin America to help provide tailored wholesale solutions and insurance capacity to our clients,” he continued.
“We are therefore pleased to welcome Sophie and Dean on board and to be formally open for private equity, M&A and tax related insurance business.”