Reinsurance News
BMS Group
BMS Group acquires insurance broker Bluebook
4th July 2023
The independent specialist insurance and reinsurance broker, BMS Group, has entered into an agreement to acquire Brisbane-based Bluebook Insurance Brokers. The deal marks the sixth Australian acquisition by BMS in the past year as the company looks to grow its operations in Australia. Founded in 2018, Bluebook offers tailored insurance broking, risk ... Read the full article
BMS to acquire specialist broker, Western United Financial Services
19th April 2023
Specialist insurance and reinsurance broker BMS Group has entered into an agreement to acquire West Australian specialist broker Western United Financial Services (WUFS). The terms of the transaction have not been disclosed. Founded in 2002, WUFS offers tailored insurance broking, risk management and claims handling services. At the same time, the firm ... Read the full article
M&A activity to bounce back in H2: BMS
18th April 2023
A new report from BMS, the independent specialist insurance and reinsurance broker, suggests that mergers and acquisitions (M&A) activity could “bounce back” towards the latter half of 2023. BMS looked at M&A trends from 2022 and provided an outlook for 2023 in the European, North American, and Asian markets. It noted that ... Read the full article
BMS announces new senior hires within its cargo team
20th February 2023
Independent specialist re/insurance broker BMS has announced the addition of Andrew Hutchings and Louise Rothschild to its cargo team. Hutchings and Rothschild will be responsible for building out dedicated cargo and stock throughput activities for BMS’ US intermediary client base. They will start their new roles after fulfilling their current contractual ... Read the full article
BMS Iberia acquires Spanish specialty broker Viafina
14th February 2023
BMS Iberia has announced that it has signed a deal to acquire Spanish specialty re/insurance broker, Seguros Viafina. The agreement is set to be completed this month, with BMS acquiring Viafina in full. The deal is subject to regulatory approval by the Dirección General de Seguros y Fondos de Pensiones. BMS states that ... Read the full article
BMS hires Aviva’s Eyre as Managing Director of Construction
27th January 2023
BMS, an independent specialist re/insurance broker, has announced the appointment of Caroline Eyre as Managing Director of Construction, effective April 2023. She brings to the firm over two decades of experience in the insurance industry. Eyre joins BMS after spending close to four years with Aviva, where she most recently held ... Read the full article
BMS valued at £1.75bn after investment from Eurazeo
23rd December 2022
Up to 34% of BMS Group’s share capital is to be acquired by French investment company Eurazeo, which together with an investment in the re/insurance broker of up to £355 million, takes its valuation to £1.75 billion. Eurazeo and its affiliates will join BMS alongside its existing shareholders British Columbia ... Read the full article
Owners of re/insurance broker BMS said to be considering £600m sale
30th November 2022
Reports suggest that investment firms British Columbia Investment Management Corp. (BCI) and Preservation Capital Partners are mulling the sale of global insurance and reinsurance broker BMS Group. According to a Bloomberg report, citing people familiar with the matter, a sale of BMS could value the broker at more than £600 million ... Read the full article
BMS names Alex Tesei as director of European energy reinsurance
19th October 2022
BMS Group has announced further expansion of its specialty energy practice with the hire of Alex Tesei as director of European energy reinsurance. Tesei holds almost two and a half decades of industry experience, having spent ten years building up and leading the reinsurance division of Ribé Salat in Spain, specialising ... Read the full article
BMS Re acquires reinsurance broker Calomex
25th July 2022
BMS Re, the reinsurance arm of the independent specialist broker, has acquired reinsurance broker firm Calomex for an undisclosed amount. A statement from BMS said that it would acquire Calomex in full with Jorge Bellot, president of the latter, reporting to Aidan Pope, executive chair and CEO of BMS Re LAC. Pope ... Read the full article
BMS continues Asian expansion with new hires
4th July 2022
Global brokerage BMS has appointed Dominic Morrison and Toby Hooker to new roles as part of the firm’s Asian expansion. Morrison joins the firm from Howden Specialty Asia Pacific. He will become a director with the firm. Meanwhile, Hooker joins as a broker. He began his career at WTW in the ... Read the full article
BMS builds out casualty capabilities with new hires
30th June 2022
BMS, the independent insurance and reinsurance broker, has announced the appointment of seven industry hires to its growing casualty division. Andrew Park, Charles Waddington, Sean Cahill, and Natasha Anne Mitchell González all join BMS as Directors, effective October 2022. Based in London, the team will report to Chris Ritchie, Managing Director of ... Read the full article
BMS names WTW’s Ted Hodgkinson as Executive Chairman, Asia
23rd May 2022
Ted Hodgkinson has joined insurance and reinsurance broker BMS from WTW as its new Executive Chairman for Asia, where he will play a key part in bolstering the company's geographic reach within the region and promote a collaborative and client-centred approach. Hodgkinson joins BMS in late November 2022 after more than ... Read the full article
BMS names Elizabeth Robinson as director, financial lines
5th April 2022
Specialist re/insurance broker BMS has appointed Elizabeth Robinson as a director in financial lines, where she will be based in London, and will report to Chris Madell, managing director of financial and professional lines. Robinson joins BMS from Tysers where she spent more than 5 years, most recently as director of ... Read the full article
BMS hires Howden’s Eliot Powell as Group Chief Commercial Officer
21st March 2022
Insurance and reinsurance broker BMS Group has appointed Howden's Eliot Powell as its new Group Chief Commercial Officer (CCO), based in London and reporting to Nick Cook, Chief Executive Officer (CEO) of BMS. In his new role, Powell will be tasked with further expanding and delivering on the re/insurance broker's strategic ... Read the full article
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