Reinsurance News

BMS Re appoints McDowell as Bermuda CEO

12th September 2022 - Author: Jack Willard

Specialty reinsurance broker BMS Re has appointed Chris McDowell as CEO of BMS Re Bermuda.

bms-group-logoHis appointment is effective November 26, 2022, following the completion of his notice period and any requisite regulatory approvals.

At the same time, the company has also appointed Mario Binetti as head of casualty treaty and actuarial for BMS Re Bermuda, effective immediately.

Both McDowell and Binetti will be based in Bermuda.

McDowell, who brings more than 30 years of experience from working within reinsurance joins BMS Re from his most recent role as CEO of Gallagher Re Bermuda.

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Prior to that, he served at Aon Benfield where he held the role of CEO of Global Re Specialty in Bermuda.

Additionally, Binetti also brings more than 30 years of experience within the industry towards his new role.

He joins BMS Re from Everest Re Bermuda, where he served as head of casualty treaty underwriting and actuarial. Before this, he was senior vice president and chief actuary at JRG Re in Bermuda.

“BMS Re’s independence and resolute commitment to our clients is attracting some of the industry’s leading talent. Following our launch of BMS Re Bermuda in Q4 2021, these hires signify our commitment to building an exceptional team,” said Adam Mullan, executive chairman of BMS Re Bermuda.

“Chris is one of the most experienced and respected brokers in the Bermuda reinsurance and retrocessional market, having held leadership roles on the island for more than 18 years. Mario’s technical and analytical expertise enable us to further develop our casualty and specialty reinsurance offering. I am delighted to announce their appointments and look forward to working with Chris and Mario in serving our clients.”

Nick Cook, CEO of BMS Group, added: “There is huge opportunity in Bermuda for an independent broker of BMS’s ambition. The investment BMS continues to make in talent, innovation and analytics make it the leading independent broker in the market. BMS Re’s goal is not to be the biggest, but to continue delivering solutions to our growing client base with an unwavering focus. We will never lose sight of the fact that the quality of the products we deliver to our clients is at the very heart of our culture and is essential to their success. These hires demonstrate our continued commitment to building a formidable team.”

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