Specialist re/insurance broker BMS Group has announced the appointment of Manuel Almenara as Non-Executive Director of BMS Latin American & Caribbean LLC, effective immediately.
Almenara will advise BMS on expanding its business throughout Latin America and the Caribbean.
He will work closely with Aidan Pope and Jose Astorqui, Executive Chairman and CEO of BMS Latin American & the Caribbean, respectively.
Almenara has more than three decades of global reinsurance experience and was chairman of Willis Re – Latin America & Caribbean, founded in 1995, which he oversaw for 21 years until his retirement in December 2015.
Since then, he has been chairman of Peruvian InsurTech start-up Hello ZUM. Prior to Willis Re, he worked at Guy Carpenter in New York.
“The Latin American market has increased in size and sophistication, with targeted and tailored reinsurance cover becoming ever more vital to sustain the insurance needs of Latin American businesses,” said Almenara.
“BMS, as a proudly independent broker with world-class analytical and actuarial capabilities, has the perfect opportunity to provide that much-needed service at a time when clients are calling for truly independent alternatives,” he continued.
“I look forward to working with Aidan, Jose and the team to continue BMS’s build-out in the region.”
Nick Cook, CEO at BMS Group, also commented: “We are expanding our market presence globally, with Latin America & Caribbean being one of our key targets for growth.”
“The team has made several significant hires in 2020, focussing on a number of specialty divisions and areas where we expect an increase in demand for coverage and for the services of a flexible, client-centric broker,” Cook went on. “Manuel is a well-regarded market expert in the reinsurance space and we are very pleased to welcome him to BMS.”
Astorqui further stated: “Despite the challenging macroeconomic circumstances, our business continues to grow in its key areas, and I am very pleased indeed that Manuel is joining BMS Latin America to assist in our further growth.”
