BMS Group Limited, the insurance and reinsurance broking specialist, has launched a new energy broking division with the hires of three brokers, two of which are particularly senior and well-known figures.
James Chicken and Charlie Bowring both join from Price Forbes and are set to become managing director and chairman of the new BMS energy broking division respectively, while Sebastian Graham, of Miller, joins as a director.
Chicken joins BMS from his most recent role at Price Forbes where he has spent the last 15 years specialising in power & utilities broking business. He has extensive experience in the global energy market and helped to develop and manage a global wholesale account of U.S. downstream energy, power and renewables business. More recently he expanded the geographic footprint of the energy account beyond the U.S., to include the EMEA and Asia Pacific markets.
Bowring has spent more than 40 years in re/insurance, the last 20 of which as a specialist in the downstream energy and power markets. His career began as a broker with CT Bowring Reinsurance Brokers, then he worked in London and New York with Marsh McLennan, was a founder member of Agnew, Higgins & Pickering, and since 2010 has been a director of Price Forbes.
Sebastian Graham joins BMS from Miller Insurance Services, where he specialised in power & utilities, renewable energy, midstream and downstream energy broking.
The new BMS energy division will report to Ian Gormley, board director of BMS Group and all three hires will join once their contractual obligations are completed.
Ian Gormley, director of BMS Group, commented on the hires, “BMS has an established presence in the energy reinsurance market and we have had ambitions to make the logical step towards the direct energy markets for some time, but were determined to do so only with the right people. BMS’s reputation for independence has been a key factor in our ability to attract three of the market’s most respected professionals to our team. I look forward to welcoming them and working together as we build this new division, which will be heavily focussed on US and international growth.”
Nick Cook, chief executive officer of BMS Group, added, “The development of a new energy division led by some of the market’s leading practitioners is a strategic investment for BMS as we continue to achieve significant growth in our core markets in the US and internationally. We fully expect the division to expand in the relatively near term as we invest further to bring additional expertise on board for the benefit of our growing client base.”