BMS Group, an independent global insurance and reinsurance broker, has launched a new cross-team unit focused on the broking and servicing of Lloyd’s market consortia, led by Richard Wynn, as Managing Director of Delegated Authority & Consortia.
The newly established unit will draw on BMS’s operational expertise in delegated authority structures and bespoke portfolio placements.
This initiative was driven by a commitment to maximising value for their carrier clients, and directly strengthens BMS by uniting the precise expertise and resources.
In conjunction with Freddie Porritt and Emily Davies in BMS Re’s Treaty & Facultative units, the team will work across the business to supercharge carrier clients’ existing portfolios, and develop all future consortia facilities across the firm.
This specialised team will act as a unified gateway for consortia business, ensuring consistent operational simplicity and analytical depth.
Richard Dudley, Group Chief Broking Officer, BMS Group, commented, “Richard is exceptionally well placed to lead our consortia activity. He combines a deep technical understanding of delegated authority structures with a clear strategic vision.
“This refocused approach, backed by a growing, multi-disciplinary team, underlines our commitment to the success of the London market and ensures we remain a trusted independent partner for carriers.”
Wynn added, “Consortia deliver a win–win–win across our market – they improve capital deployment, unlock larger and more consistent capacity and align all stakeholders around underwriting quality.
“Our aim with this specialist unit is to help carriers harness these advantages through bespoke, efficient consortium solutions and allow them to navigate this next stage of the cycle.”
