Independent specialist insurance and reinsurance broker, BMS Group, has announced the appointment of Tim Hewitt as Head of BMS in Japan. The appointment is in line with the Group’s commitment to accelerate its strategic growth in Asia.
Hewitt is an experienced lawyer and executive. He will lead BMS operations in Japan, focusing on insurance solutions for complex M&A transactions
His initial focus will be to broker insurance solutions for inbound-outbound mergers and acquisitions (M&A) activity as growth in the Japanese M&A market accelerates, and the need for complex risk mitigation tools for dealmakers rises.
Hewitt is a market veteran with more than 20 years of legal industry experience.
He has previously served as Associate General Counsel for a global private equity firm portfolio company, and has also spent several years as a lawyer specializing in M&A transactions at leading law firms in Tokyo and Sydney.
Sandra Lee, CEO of BMS Asia, commented, “BMS is respected globally for our specialist market knowledge and strong personal relationships with clients and partners. Tim’s breadth of expertise will be invaluable in our strategy to expand our presence in Asia and strengthen our international PEMAT operations. We are very proud of this milestone, which will put BMS in a very solid position for long-term growth in the region.”
Hewitt, added, “Growth in the Japanese M&A insurance market is accelerating, as comparatively low inflation and the stabilization of the yen continue to attract foreign investment opportunities.
“Having a local presence in Japan means we can offer insurance solutions tailored to the intricate M&A transactions for both inbound and outbound investments. In the short term, I look forward to working with our contacts in the market to raise awareness of the strategic use of M&A transaction insurance solutions as a valuable risk mitigation tool for dealmakers.”
As an independent broker that represents clients, not insurance companies, BMS aims to establish itself as the preferred specialty insurance broker in Japan by helping buyers protect their investments and sellers reduce their liability post-deal closure.
