Reinsurance News

BMS Re

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

QBE Re’s Larson named BMS Re’s Managing Director, Co-Head of casualty broking

16th November 2022

Specialty reinsurance broker, BMS Re, has appointed Christopher Larson as managing director, co-head of casualty broking, effective immediately. Within this role, Larson will be based in New York, where he will report to Sean Ryan, deputy chief executive officer, and immediately contribute to the continued build out of BMS Re’s North ... Read the full article

BMS Re acts as broker for Conifer Holdings LPT transaction

14th November 2022

BMS Re, the specialty reinsurance broker, has announced it has acted as broker and advisor for a bespoke Loss Portfolio Transfer (LPT) transaction on behalf of Conifer Holdings, Inc., a specialty insurance holding company. According to the broker, this transaction marks the latest from BMS Re’s thriving legacy and capital solutions ... Read the full article

BMS Re appoints McDowell as Bermuda CEO

12th September 2022

Specialty reinsurance broker BMS Re has appointed Chris McDowell as CEO of BMS Re Bermuda. His appointment is effective November 26, 2022, following the completion of his notice period and any requisite regulatory approvals. At the same time, the company has also appointed Mario Binetti as head of casualty treaty and actuarial ... Read the full article

BMS Re makes senior Caribbean fac hire

25th August 2022

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. Based in Miami, he will report to Aidan Pope, CEO and executive chairman for LAC ... 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 Re names Jennifer Nodes Managing Director, US Deputy Counsel

6th June 2022

BMS Re, the specialist reinsurance arm of BMS, has appointed Jennifer Nodes as Managing Director, US deputy general counsel. Based in Minneapolis, Nodes joins the executive team and will report to President and CEO of BMS Re, Pete Chandler. Nodes previously worked as a principal at Jackson Lewis P.C., where she regularly advised employers ... Read the full article

BMS Re facilitates ADC for AMS RRG reinsured by Genesis

1st February 2022

Reinsurance broker BMS Re acted as the broker for a legacy reinsurance transaction between its long-standing client, Applied Medico- Legal Solutions Risk Retention Group (AMS RRG) and a subsidiary of Genesis Legacy Solutions. The legacy transaction is an adverse development cover (ADC) reinsured by a subsidiary of Genesis Legacy Solutions, which ... Read the full article

BMS Re makes three senior hires

11th January 2022

Independent reinsurance broker BMS Re has made several senior appointments to its facultative practice, effective immediately. Jeremy Gallico and Brian Kohout will assume the roles of vice president, property fac and vice president casualty fac respectively, both appointments will be based in Chicago. In addition, Erin Brady joins BMS Re’s New ... Read the full article

BMS Re adds Juan Carlos Gomez as EVP of LatAm & Caribbean

4th January 2022

Specialist reinsurance broker BMS Re has announced the hiring of Juan Carlos Gomez as Executive Vice President (EVP) of BMS Re Latin America & Caribbean, effective immediately. In this newly created role, Gomez will be based in London and reports to Aidan Pope, Executive Chairman & Chief Executive Officer (CEO), BMS ... Read the full article

BMS acquires reinsurance broker PWS Mexico

9th December 2021

Independent broking specialist BMS Group has announced further expansion plans in Latin America, having agreed to acquire PWS Mexico, a Mexico City-based specialist reinsurance broker. PWS Mexico was founded in 2000 and provides broking services to a range of Mexican clients, largely in Engineering, Energy, Property & Casualty and Specie, with ... Read the full article

BMS Re Brazil adds Pedro Carvalho as Head of Fac

18th November 2021

BMS Re, the specialist reinsurance broker, has announced the addition of Pedro Carvalho as Head of its Brazilian facultative department, effective immediately. In his new role as Head of BMS Re Brazil's fac unit, Carvalho will be based in São Paulo and will report to José Leão, Chief Executive Officer (CEO) ... Read the full article

BMS Re enters Brazil

29th September 2021

BMS Re has launched operations in Brazil, under the name BMS Brasil Corretora de Resseguros (BMS Re Brazil), which will be headquartered in Sao Paulo. José Leão, CEO of BMS Re in Brazil, and Judi Newsam, President, will lead the new operations which will report to Aidan Pope, CEO & Executive ... Read the full article

BMS Re adds EVP Jerry Farrell to origination team

20th September 2021

Independent reinsurance broker BMS Re has announced the appointment of Jerry Farrell as an Executive Vice President (EVP) in its origination team. Farrell previously spent 10 years at Toa Reinsurance Company where he was executive vice president and chief underwriting officer, with responsibility for P&C underwriting results for North America Prior to ... Read the full article

BMS Re adds Scott Christian as EVP for Cat Analytics

18th August 2021

Independent reinsurance broker BMS Re has announced the appointment of Scott Christian as Executive Vice President, Catastrophe Analytics. Based in Atlanta, Georgia, Christian will report to Kirk Conrad, Global Head of Analytics at BMS. Christian brings over 19 years of catastrophe and risk management experience, having most recently served as Senior Vice ... Read the full article