Independant specialist re/insurance broker BMS Group has concluded a Preferred Partner agreement with Tagus Specialty, a new wholesale and specialty broker.
A plan has been developed that will see BMS teams in London and Madrid work closely with Tagus.
Tagus will also receive support from BMS on the distribution of specialty reinsurance products in the Portuguese market, including cyber, which is yet to have been taken up widley in the country.
Technologies such as online sales portals will be used to reach a wider client base while key areas of focus for the Partnership will include binders, reinsurance, financial lines, large P&C accounts, affinities business and sports insurance.
Tagus’ agreement with BMS means that it will join a group of independent brokers globally able to use the bms.partner logo on their business cards and marketing material.
“Our aim is to provide a bridge between independent Portuguese brokers and the best specialty products available globally,” said Luis Morais, Chief Executive Officer of Tagus.
“We can do that thanks to our partnership with BMS, a fast-growing international (re)insurance broker with whom we share a very client-focused approach”.
David Battman, Head of International at BMS, added, “Tagus is a new specialty business with a range of innovative products for the Portuguese market.
“We look forward to working closely with the team there under Luis Morais in order to unlock new opportunities for both our groups and wish them the very best as they grow their practice.”