Reinsurance News
BMS Group
BMS Group completes acquisition of UK insurance broker David Roberts & Partners
20th December 2024
BMS Group, an independent specialist insurance and reinsurance broker, has completed the acquisition of UK-based insurance broker David Roberts & Partners (DR&P). Initially announced in July 2024, BMS Group has acquired DR&P from European mid-market private equity firm Inflexion. John Page, CEO of DR&P, and Simon Bland, Managing Director, will continue ... Read the full article
BMS to acquire Spanish broker Rasher & its LATAM subsidiaries
12th December 2024
Independent specialist insurance and reinsurance broker BMS Group has agreed to acquire Spain-based insurance broker Rasher, and its Latin American subsidiaries in Colombia and Peru, subject to regulatory approvals. According to BMS Group, through this acquisition, Rasher, known for providing surety, credit, and risk management solutions to corporate clients, will accelerate ... Read the full article
BMS adds three new senior hires to energy team
5th December 2024
BMS, an independent insurance and reinsurance broker, has announced the appointment of three new senior energy industry experts to its fast-growing energy team in London: Charlotte Marsh, Jack Palmer, and Toby Hanington. Marsh, who has been appointed divisional director, is joining BMS Energy from Price Forbes and brings to her new ... Read the full article
BMS Group appoints Ryan Phillips as Director & African Practice Leader
20th November 2024
BMS Group, the independent specialist insurance and reinsurance broker, has announced the appointment of Ryan Phillips as Director & African Practice Leader, effective March, 2025. Based in London, Phillips will report to Paul Galvin, Director, and his role will cover the entire African continent. He will collaborate with the broader BMS ... Read the full article
BMS establishes BMS Bacchus for comprehensive winery protection
11th November 2024
BMS Group (BMS), a re/insurance broker, has introduced BMS Bacchus, a specialised stock throughput insurance solution for wineries. Designed to protect wine throughout its lifecycle—from grape harvest through production, storage, and distribution—BMS Bacchus provides a centralised tool for wineries to make informed choices about risk management and resource allocation using advanced ... Read the full article
BMS welcomes Heath Jose to global facultative practice in Asia
29th October 2024
BMS Group (BMS), an independent specialist re/insurance broker, has announced Heath Jose has joined BMS Re as Business Development Lead, a Singapore-based role, as part of the company’s growing global facultative practice in Asia In his new position, Jose will be responsible for developing the business in conjunction with teams based ... Read the full article
Broker pre-landfall loss forecasts ranged from 15bn to 40bn
10th October 2024
In their pre-landfall loss forecasts for Hurricane Milton, Steve Bowen, Chief Science Officer at reinsurance broker Gallagher Re, said private insurance market losses ranging from $30 billion to $40 billion could be expected, while BMS Group’s Senior Meteorologist Andrew Siffert noted that a $15 billion or greater event is possible. Both ... Read the full article
Hurricane Milton likely to be at least a $20bn insurance loss event: BMS
9th October 2024
While too early to pinpoint an accurate insurance loss range, BMS Group's Senior Meteorologist Andrew Siffert has noted it is safe to say that Hurricane Milton will likely be at least a $20 billion insurance market event. Hurricane Milton remains a powerful Category 5 storm with wind speeds of around 160 ... Read the full article
Milton landfall along central west coast of Florida will be a major event for re/insurers: BMS
7th October 2024
Hurricane Milton is now a Category 5 with maximum sustained winds estimated at 160 mph with higher gusts, and while there remains much uncertainty as to how strong Milton will be at landfall and the exact location of this, BMS Group's Andrew Siffert has stressed that a landfall around Tampa ... Read the full article
BMS Re welcomes Aon’s Brad Melvin as President and CEO, US
5th September 2024
BMS Re, the reinsurance division of global broker BMS Group, has appointed Brad Melvin as President and Chief Executive Officer (CEO) of BMS Re, US, effective from November, subject to regulatory approval. In the meantime, Group CEO Nick Cook and Andrew Wheeler, President and Co-CEO of BMS Group, will continue to ... Read the full article
BMS hires Canopius’ Spencer Pearce as Mining Practice Leader
29th August 2024
Independent specialist insurance and reinsurance broker BMS Group has appointed Spencer Pearce as Mining Practice Leader. Pearce has over 30 years of experience, having previously held senior roles in underwriting and broking positions. He began his career working for companies such as AXA, AIG, and Chubb, specialising in the mining and power ... Read the full article
BMS to acquire UK insurance broker DR&P from Inflexion
29th July 2024
BMS Group, an independent specialist insurance and reinsurance broker, has entered into an agreement to acquire David Roberts & Partners (DR&P), a UK-based insurance broker, from European mid-market private equity firm, Inflexion. Founded in 1977, DR&P has a presence across the UK and Europe, handling more than £620 million in gross ... Read the full article
BMS appoints Hannah Watkins as UK chief growth officer
25th July 2024
BMS Group, an independent specialist re/insurance broker, has announced the promotion of Hannah Watkins to the newly created role of UK chief growth officer, effective immediately. Based in London, Watkins will lead the development and execution of BMS’s client-first growth plan, she will also be in charge of coordinating BMS’s business ... Read the full article
BMS appoints Charlie Rozes as Group CFO
8th July 2024
BMS Group, an independent specialist insurance and reinsurance broker, has appointed Charlie Rozes as Group Chief Financial Officer (CFO) and Executive Director. Rozes will assume his new role in November, succeeding Nick Moss, Group Finance Director, who is retiring. Reporting directly to Nick Cook, CEO of BMS Group, Rozes will collaborate closely ... Read the full article
Hurricane Beryl makes Texas landfall as Cat 1, reinsurance impact likely limited
8th July 2024
After hammering Caribbean islands last week and battering Mexico’s Yucatán Peninsula, Hurricane Beryl strengthened again to a Category 1 storm and recently made landfall near Matagorda, Texas, although the impact to reinsurers is expected to be minimal. At one stage, Hurricane Beryl became the earliest Category 5 storm ever recorded, and ... Read the full article
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