Reinsurance News
BMS Re
BMS Re announces new co-CEOs as Pete Chandler transitions to vice-chair
31st January 2024
Global reinsurance broker BMS Re has appointed Andrew Wheeler and Russ McGuire as co-Chief Executive Officers (CEOs) following the transition of Pete Chandler to vice-chair of the company. Chandler led the reinsurance broker for more than four years, and will remain a director on the US board as he assumes a ... Read the full article
BMS Re hires Swiss Re’s Daryl Polenz as EVP of Origination
12th January 2024
BMS Re, the specialty reinsurance arm of global broker BMS Group, has appointed Daryl Polenz as Executive Vice President (EVP) of Origination, where he will work closely with Russ McGuire, Head of Origination. Polenz will also have a key focus on accelerating BMS Re’s growth strategy with balance sheet businesses. Based in Kansas ... Read the full article
The industry needs to share the knowledge it gains to help towards global resilience: BMS Re’s Chandler
3rd October 2023
During a recent interview with Reinsurance News, BMS Re's President & Chief Executive Officer, US, Pete Chandler discussed what areas of growth he hopes to see within the company over the next few years. He explained that BMS Re is very excited about what is currently taking place within the organization ... Read the full article
There is more capital in the market today and many are looking to deploy it: BMS Re’s Pete Chandler
8th September 2023
With the annual Rendez-Vous de Septembre (RVS) event in Monaco set to return shortly, Reinsurance News recently spoke to Pete Chandler, BMS Re's Chief Executive Officer, US, about what the firm expects to see at this year's event. He explained that he believes that we are seeing a "revitalization" of the ... Read the full article
BMS Re hires Swiss Re’s Russell McGuire as Head of Origination
2nd August 2023
BMS Re, the specialty reinsurance arm of global broker BMS Group, has announced the appointment of Russell McGuire as Head of Origination. McGuire joins BMS Re following almost two decades at Swiss Re, during which time he rose to the position of Managing Director and Client Executive in its Globals Business ... Read the full article
BMS Re grows in Latam with Brazilian reinsurance broker acquisition
17th July 2023
BMS Re, the specialty reinsurance arm of the global broking group BMS, has announced the acquisition of Sao Paulo-based reinsurance broker, KNW Brokers Corretora de Resseguros Ltd (KNW). The Brazilian reinsurance broker has deep expertise in providing tailored reinsurance solutions to its clients on traditional and specialised segments such as, energy, ... Read the full article
BMS Re strengthens fac reinsurance division with key appointments
5th July 2023
BMS Re, the specialty reinsurance arm of the global broking group BMS, has appointed Steve Housse as the managing director and leader of the facultative practice, and Dan Shea as the senior vice president of property facultative. Housse and Shea will be located in Atlanta, Georgia. Housse brings with him extensive ... Read the full article
BMS Re names Brendan O’Brien as VP to support cat bond trading
20th June 2023
BMS Re, the specialty reinsurance arm of the global broking group BMS, has appointed Brendan O’Brien as Vice President, based in Bermuda. O’Brien joins BMS Re from Assured Guaranty Re’s structured finance division, where he served as an underwriter. Before this, O’Brien was at Nephila Capital Limited for six years, a role ... Read the full article
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