Independent reinsurance broker BMS Re has announced the appointment of Jerry Farrell as an Executive Vice President (EVP) in its origination team.
Farrell previously spent 10 years at Toa Reinsurance Company where he was executive vice president and chief underwriting officer, with responsibility for P&C underwriting results for North America
Prior to this, he also held several senior roles at Allied World Reinsurance and Folksamerica Reinsurance.
In total, Farrell has more than 25 years’ experience with particularly knowledge of professional liability, particularly in the E&O, D&O and financial lines.
Upon taking up his New York based role at BMS Re, Farrell will report to Mark Wells, head of sales administration, and Pete Chandler, president and CEO of BMS Re.
“As BMS Re continues to expand, it is essential that we carry on attracting industry-leading individuals who will strengthen our capabilities and support our longer-term vision,” said Chandler.
“The recruitment of Jerry is an important advance in our efforts to achieve the progress we’re looking for. His specialist knowledge in the reinsurance sector will be a great asset to us. We are fortunate to have Jerry on board.”
Farrell also commented: “BMS Re has a well-deserved reputation in the professional liability space, and I am thrilled to join them at a time when the market is presenting such fantastic, transformative opportunities. The landscape has shifted dramatically, and it is an especially exciting time for independent reinsurance brokers, particularly one positioned as well as BMS Re.”