Specialist insurance and reinsurance broker BMS Group has announced the appointments of Dominic Addesso as Non-Executive Chairman and LoriAnn Lowery-Biggers as an independent Non-Executive Director of BMS Intermediaries Inc., the Group’s US reinsurance intermediary unit.
At the same time, both Addesso and Lowery-Biggers also join as independent Non-Executive Directors of the holding company of BMS Group, BMS Investment Holding Company, effective immediately.
Addesso retired from his role as President and Chief Executive Officer (CEO) of Everest Re Group at the end of 2019, and brings over 41 years of industry experience in the re/insurance market to BMS Group. From June of 2011, he took on the responsibilities as President of Everest Re, after serving as CFO since 2009.
Prior to Everest Re, Addesso held numerous roles at Munich Re America beginning in 1997, including President of US Treaty. He started his career in the insurance industry in 1978 at Selective Insurance.
“BMS’s driven and ambitious team is focused on developing innovative and individualised solutions for clients. The executive leadership has a clear reinsurance strategy and invests time and resources in supporting all employees in developing their value to clients. I’m excited to join such a talented and close-knit team, and I’m particularly looking forward to working with them to further accelerate the development of the US reinsurance platform,” said Addesso.
Lowery-Biggers brings more than 30 years of global financial and insurance experience to the brokerage, most recently at The Navigators Group, having first joined as President of the Group’s Field Operations in 2009, and most recently as Group Chief Marketing Officer. She has also served as President of Lloyd’s of London, North America, leading the market’s operations across the U.S. and Canada. Previously, Lowery-Biggers held senior roles at Wells Fargo Insurance Services, and Marsh and McLennan Companies.
Currently, she serves as CEO of BellaVaughan, Inc., and also serves as a Non-Executive Director at Protective Insurance, CopperPoint Mutual Insurance Holding Company, and Brown and Riding.
“BMS’s clear vision and dynamic culture has made it one of the fastest-growing companies in the market and a genuine global choice for clients whose options are becoming increasingly limited. It’s an exciting time to join and I look forward to working with the executive team in the US and the wider group on executing a strategy that serves the best interests of its global clients,” said Lowery-Biggers.
Nick Cook, CEO at BMS Group, commented: “The appointments of Dom and LoriAnn are testament to our determination in attracting industry leading talent and to the scale of our ambition in North America. Dom’s distinguished career in the reinsurance market will contribute greatly to our business as we continue to invest and grow in this sector; LoriAnn is a highly-respected leader with a global reputation and extensive market relationships. The opportunities created by these hires are evident to us and I look forward to working with them and Pete Chandler, our US CEO, in growing our business.”
While Chairman of BMS Group, John Hastings-Bass, added: “Dom and LoriAnn are major influencers in our industry with the wisdom and peerless experience to make an invaluable contribution to BMS as we grow in the US and more broadly. I warmly welcome both.”
