Independent reinsurance broker BMS Re has completed its previously-announced acquisition of Trean Intermediaries, a US-based independent reinsurance broker and services company.
BMS Re acquired Trean in full, with staff and infrastructure transferring over.
Sean Ryan, President of Trean, will assume the newly created role of Deputy CEO, BMS Re and reports to Pete Chandler.
Ryan held a number of key underwriting roles prior to joining Trean in 2009 and began his broking career at Carvill America, where he was a Senior Vice President in the Connecticut and New York offices.
With this acquisition, BMS Re is aiming to strengthen its geographic presence in key US growth areas, with new offices in Tampa, Florida and in Greensboro, North Carolina.
This move is seen as a way of building on BMS Re’s existing US footprint, with its offices in Atlanta, Chicago, Dallas, Minneapolis, New York, Philadelphia, and San Francisco.
Trean was Founded in 2013 and specialises in workers’ compensation, property and casualty, accident and health, personal auto, public entity, and professional liability lines for insurer and MGA clients.
