Reinsurance News
BMS Re
Juan Carlos Gomez promoted to CEO of BMS Re Latin America and Caribbean
16th May 2023
BMS Re, the specialty reinsurance arm of global broking group BMS, has announced the promotion of Juan Carlos Gomez to Chief Executive Officer (CEO) of BMS Re Latin America and Caribbean. Based in Miami, Gomez will take over his new role with immediate effect and will report to Nick Gillett, CEO ... Read the full article
BMS Re promotes Andrew Wheeler to President
4th May 2023
BMS Re, the reinsurance arm of global broking group BMS, has promoted Andrew Wheeler to President, effective immediately, where he will report to Pete Chandler, CEO of BMS Re. A well known veteran within BMS, Wheeler assumes the role with more than 20 years of experience within the organisation. His expertise covers ... Read the full article
BMS Re reports continued influx of capital to program fronting space
3rd May 2023
A new report from specialty reinsurance broker BMS Re highlights the continued influx of capital to the MGA program sector of the insurance industry, which it says has experienced exponential top line growth in recent years. 2021 proved to be a key year for the space with the largest year-over-year gross ... Read the full article
BMS Re names Conduit Re’s Soria head of business solutions, co-head of casualty broking
25th April 2023
Specialty reinsurance broker BMS Re has appointed Erik Soria as head of new business solutions and co-head of casualty broking. Soria joins from Bermuda-based reinsurer Conduit Re, where he served as the head of US casualty since 2021. Before joining Conduit Re, Soria worked as the senior vice president of treaty casualty ... Read the full article
US severe weather to cause insured losses of up to $9.5bn in Q1: BMS Re
11th April 2023
According to BMS Re, a specialised reinsurance broker, and available industry data, it is estimated that the insured losses caused by severe weather events such as hail, tornadoes, and thunderstorm wind gusts in the US during the first-quarter amount to a range of $7 billion to $9.5 billion. "Losses are still ... 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
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
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