Reinsurance News

BMS Re makes senior Caribbean fac hire

25th August 2022 - Author: Matt Sheehan

BMS Group (BMS), the independent specialist re/insurance broker, has announced the appointment of Germán Torres-Ortíz as managing director and head of Caribbean facultative business for BMS Re Latin America and Caribbean (LAC), effective August 29th 2022.

bms-group-logoBased in Miami, he will report to Aidan Pope, CEO and executive chairman for LAC at BMS Re.

Torres-Ortíz will focus on expanding BMS Re’s facultative presence in the Caribbean region, and joins the company from his most recent role as a senior vice president at Carpenter Marsh Fac Re Latin America.

Prior to this, he spent seven years with Assurant in a leadership role, developing new products and conducting feasibility studies across multiple markets in the region.

Torres-Ortíz also held several senior roles at AIG, including spending four years in Chile as commercial lines director, spearheading significant annual growth and profitability.

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“It is an absolute pleasure to welcome Germán to our regional team,” said Pope. “We value not only his excellent leadership skills, but also his contacts in the Caribbean and his knowledge of large and complex risks, which combines well with our worldwide strategy of specialization and outstanding client service.”

“Germán is an innovative and passionate individual, whose consistent drive for excellence will be invaluable to our clients in the region.”

Torres-Ortíz added: “This is an excellent time to be joining BMS Re, who are demonstrating significant growth globally. The team is extraordinarily entrepreneurial, taking consistent efforts to identify and capitalize on the many and varied opportunities that lie within the region.”

“I welcome the opportunity to maximise the BMS Re’s capabilities as an independent specialist reinsurance broker, and to working as a team to achieve our collective goals.”

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