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Alejandro Ceron named BMS Latin America & Caribbean COO

BMS Group (“BMS”), the independent specialist (re)insurance broker, today announced the appointment of Alejandro Ceron as BMS Latin America & Caribbean chief operating officer, effective immediately. Ceron will be based in Miami and reports to Jose Astorqui, CEO of BMS Latin America & Caribbean.

Ceron joins BMS with more than 28 years’ experience in international corporate management. Most recently, he was the founder and CEO of his own consulting firm in 2016, focusing on corporate governance and organisational growth strategy. Ceron had a long and distinguished career at Marsh & McLennan in the US and Latin America, where he led the HR and sales operation for Latin America between 2002 and 2016. Prior to that, he held various senior HR roles at Philips Lighting in the Netherlands and PepsiCo in Mexico.

Astorqui said: “BMS has been expanding its operations and increasing its brand recognition in Latin America and the Caribbean since 2015. With approximately $200 million in premiums brokered in the region in 2019, we are confidently launching the next phase of our Latin American expansion. Alejandro is a recognised operations expert and will contribute significantly to our growth.”

Ceron added: “BMS is well-recognised for its talented team and versatility in market conditions. The Latin American and Miami market has been changing dramatically and I’m excited to join BMS at this phase of development.”

BMS builds out US reinsurance analytics team with three hires

BMS Group (“BMS”), the independent specialist (re)insurance broker, today announced three appointments to its US reinsurance analytics team in Philadelphia as the Group continues to enhance its analytical and actuarial services.

  • Nick Dranchak has joined as executive vice president, capital management of BMS Re US. He will be reporting to Kirk Conrad, chief analytics officer, effective immediately. Dranchak will lead the team’s ratings agency advisory services and be heavily involved in strategic business planning for clients. Before joining BMS, Dranchak spent over five years as head of strategic advisory at JLT Re.
  • Michelle McClane has joined as vice president, catastrophe analytics of BMS Re US, reporting to Julie Serakos, executive vice president. McClane brings nearly 22 years of catastrophe modelling experience to the team. Her most recent role was assistant vice president at Guy Carpenter.
  • Paul Blain has also joined as vice president, actuary of BMS Re US, reporting to Kurt Johnson, executive vice president. Prior to BMS Paul held actuarial roles at Guy Carpenter and the Medical Mutual Liability Insurance Society of Maryland.

Pete Chandler, President & CEO of BMS Re US, said: “Seamless analytics process is one of the key ingredients of BMS’s advisory services. Our cross-disciplinary team structure has proven to be successful in helping clients understand their risks and find the ideal solutions. As we continue to invest in our analytics platform, we are very pleased to welcome Nick, Michelle and Paul to the team.”

BMS Capital Advisory appoints Alex Orloff as Director of Capital Markets Analytics

BMS Group (“BMS”), the independent specialist (re)insurance broker, today announces that Alex Orloff has been appointed as Director of Capital Markets Analytics at BMS Capital Advisory, the investment banking division of BMS. Orloff will report to Romulo Braga, CEO of BMS Capital Advisory, effective immediately.

Orloff will lead the development of qualitative investment diligence and quantitative market analytics for private and public issuers and institutional investors.

Orloff was previously founder of Sybella Research, a pioneer in investment research coverage of private issuers in the insurance industry. Prior to Sybella, Orloff has held a variety of executive positions as a senior analyst and portfolio manager in asset management (Lazard, Twelve Capital) and sell-side research firms (DLJ, Bank of America, Credit Suisse) over the course of his twenty year career.

Braga said: “With the financial backing from our institutional investors, BMS will continue to grow and invest in industry-leading resources, like Alex, to benefit our clients. Guided by a group-wide partnership approach, BMS Capital Advisory is a key capability in providing clients with cohesive capital management advice, and as a multi-asset investment specialist with broad experience in diverse capital market functions, Alex will further strengthen and professionalize our offerings.”

Orloff added: “BMS Capital Advisory has developed a credible track record of providing integrated risk and capital solutions, which I consider a key competitive advantage over industry peers. I am very much looking forward to joining this dynamic and independent company with its entrepreneurial culture, and believe we have significant opportunities to bring more investors to the space and reduce our clients’ cost of capital.”

BMS launches Private Equity, M&A and Tax Insurance division with senior appointment

BMS Group (“BMS”), the independent specialist (re)insurance broker, today announced the launch of a Private Equity, Mergers & Acquisitions (M&A) and Tax Insurance division, which will begin operating in the new year. Tan Pawar has been appointed Managing Director of the new team and will report to Ian Gormley, Managing Director of BMS Global Risks. Pawar will join BMS upon completion of contractual obligations.

Pawar’s appointment is the latest in a series of senior hires as BMS continues its expansion drive following the completion of substantial investment by British Columbia Investment Management Corporation (“BCI”) and Preservation Capital Partners (“PCP”).

Pawar most recently served as Senior Vice President at Paragon International Insurance Brokers Ltd, where he co-formed the M&A Insurance division in 2014. Prior to that, he was Divisional Director, International M&A & Transaction Services at Willis since 2011. A qualified corporate and M&A solicitor, Pawar has extensive experience in the space and will be tasked with developing BMS’s presence in the M&A insurance sector.

Gormley said: “BMS is growing at pace: we have the capital backing, global platform and broking talent to be the world’s leading independent insurance and reinsurance broker. We have identified a significant gap in the market to provide tailored products for corporate M&A transactions and will be expanding significantly in this space.”

Pawar added: “I am delighted to be joining BMS, a leading independent global broker backed by long term capital, at this exciting time in the Company’s development. There is significant need in the M&A insurance space for more bespoke and innovative solutions and BMS has the scale and firepower to deliver this to the M&A and Private Equity community.”

BMS appoints Jeff Irvan as chief property officer, US reinsurance

BMS Group (“BMS”), the independent specialist (re)insurance broker, today announced the appointment of Jeff Irvan as chief property officer, US reinsurance, reporting to BMS US reinsurance president Pete Chandler. The appointment is effective immediately.

Irvan is the latest in a series of senior hires in BMS’s US reinsurance division, which include US reinsurance president Pete Chandler and chief strategy officer Gregg Holtmeier, as the company continues its expansion drive.

Irvan joins BMS with more than twenty years’ experience in property reinsurance broking, having first started his career in 1997 at Sedgwick Re. In 1998, he moved to Willis Re, where he has held a number of leadership roles over the course of the past twenty years and has focussed on property E&S. Most recently, he led Willis Re’s Atlanta office.

Korducki said: “With the recent completion of a significant long-term investment in BMS by BCI and PCP, we are well placed to take advantage of the current market to significantly expand our reinsurance practice. Combined with our market-leading analytics capabilities, the growing talent within our team means we our poised to become the leading independent reinsurance broker in North America. I would therefore like to welcome Jeff to BMS.”

Irvan added: “BMS’s culture of client service and analytical excellence distinguishes it from the rest of the market and I am excited to be part of the next phase of the company’s expansion.”

BMS appoints Neil Prior as Director in the Global Risks division

BMS Group (“BMS”), the independent specialist (re)insurance broker, today announced the appointment of Neil Prior as Director in BMS’s Global Risks division, reporting to Ian Gormley, Managing Director at BMS. The appointment is effective on September 16.

Prior will support the Global Risks division by developing market relationships and exploring new distribution channels.

Prior joins BMS with over 33 years’ broking, underwriting and MGA experience in the London insurance market. Most recently, he served as Chief Executive at Priority Underwriting, which he co-founded. Prior has also held senior roles at Sciemus Power, Ace Global Markets (now Chubb), JLT Group and Marsh Global Broking.

Gormley said: “Neil is a recognised leader in both underwriting and broking, with a deep understanding of the needs of clients and markets alike. I am excited that BMS continues to attract talent like Neil and welcome him to BMS.

Prior added: “BMS’s Global Risks division is a fast-growing team within the Group and the industry. Its employee-owned structure and notable track record of consistently bringing new risks to the market has attracted great broking talent. I look forward to joining the team and helping grow the business.”

BMS appoints Gregg Holtmeier as chief strategy officer

BMS Group (“BMS”), the independent specialist (re)insurance broker, today announced the appointment of Gregg Holtmeier as chief strategy officer of BMS’s US reinsurance operations, reporting to Steve Korducki, US reinsurance CEO. The appointment is effective immediately. Holtmeier will join the BMS US Management Committee and will be based in San Francisco.

The appointment is the latest in a series of high-profile hires at BMS and follows the announcement of a substantial investment in the business by British Columbia Investment Management Corporation (“BCI”) and Preservation Capital Partners (“PCP”) in June.

With over 20 years’ experience in the reinsurance markets, Holtmeier joins from Guy Carpenter, where he was most recently managing director for North American casualty. He served as head of casualty for North America at JLT Re prior to the acquisition of JLT by Marsh & McLennan Companies. In the course of his distinguished career, he has held a number of senior roles, including SVP at Aon Benfield.

Korducki said: “BMS’s resolute independence and relentlessly client-centric approach has driven its success over the past years. With the long-term investment from BCI and PCP, we are well-placed to continue as the leading independent broker with global reach in the market and to attract the very finest talent.

”Entrepreneurial, experienced individuals like Gregg will contribute to our strategic expansion in North America and I am excited to welcome him to BMS.”

Holtmeier said: “BMS is uniquely positioned to differentiate itself through its culture and robust analytic platforms. I am very pleased to be joining BMS as they are clearly positioned as the independent reinsurance broker of choice.”

BMS appoints Pete Chandler as President of US reinsurance

BMS Group (“BMS”), the independent specialist (re)insurance broker, today announces the appointment of Pete Chandler as President of BMS’s US reinsurance operations, reporting to Steve Korducki, US reinsurance CEO. The appointment is effective 27th May and Chandler will join the BMS US Board subject to regulatory approval.

This is the latest in a series of recent high-profile hires by BMS, following the achievement of the £100mn annual revenue landmark and substantial global growth.

Chandler joins from JLT Re, where he was Deputy CEO of the US reinsurance broking arm of the Group. He joined JLT Re in 2016 prior to which he was Marsh’s Managing Director for the Western Region. Previously North American COO for Guy Carpenter and an Executive Vice President at Benfield, Chandler has been at the highest levels of US reinsurance broking for two decades.

Nick Cook, CEO of BMS Group, said:

“BMS’s independence and resolute commitment to the US reinsurance market continues to attract some of the industry’s leading talent. There is great opportunity for growth in our US operations as clients increasingly look for independence married to technical and analytical scale and expertise.

Pete is one of the most experienced reinsurance brokers in the market and will be a huge asset to the BMS US team. I am pleased to announce his appointment today and look forward to working with him and Steve Korducki to grow our US reinsurance arm.”

Chandler added:

“There is a huge opportunity in the US for an independent broker of BMS’s ambition, analytical and actuarial capability and entrepreneurial culture. The investment BMS has made in talent, innovation and analytics has made it the most significant independent broker in the market and I’m delighted to join such a formidable team.”

BMS appoints Nick Moss as Chief Financial Officer

BMS Group (“BMS”), the independent specialist (re)insurance broker, today announces the appointment of Nick Moss as CFO of the Group, reporting to CEO Nick Cook. Moss will formally join the BMS Board following regulatory approval.

The appointment follows the independent broker’s recent achievement of reaching the £100mn annual revenue landmark and substantial expansion in the London, US and international divisions.

Moss has more than thirty years’ experience in finance and joins from JLT Re, where he served as Global and UK FD. He has previously held senior finance roles at Novae, RFIB, where he was CFO from 2013-16, and Benfield (now Aon Benfield) between 2003 and 2009 where he was group head of finance. He began his career in audit and business advisory services at PwC from 1988 to 2002.

Nick Cook said:

“BMS is at an exciting stage in its growth, as the leading independent (re)insurance broker in the market, with revenue and profits increasing, our headcount growing and our operations expanding into new territories.

Nick’s experience will be invaluable as we begin the next phase of our strategic expansion. As an entrepreneurial, independent and employee-owned business, BMS continues to attract the finest talent in the market and I am pleased to welcome him to the leadership team.”

Moss added:

“BMS is a dynamic, independent and entrepreneurial business that has a robust strategic expansion plan, a clear vision and culture that is attracting many of the best brokers in the market. I am very much looking forward to working with Nick and the BMS team.”

BMS Expands Bermuda Operation

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces the build out of its Bermuda market operation with the hiring of George Bowring from Price Forbes and Kian Wookey from JLT.

The build out in Bermuda will focus on North American liability and property respectively.

Bowring joins BMS from Price Forbes, where he originally started seven years ago in the US Non Marine team. For the past three years, he has worked as a casualty producer and placing broker for the Bermudian market specialising in complex large risks.

Wookey has seventeen years’ experience in the US property and energy markets, working with a large network of US retail brokers. He most recently served as the head of property at JLT Bermuda, having moved to Bermuda from Lloyd and Partners in 2011.

Ian Gormley, director of BMS Group, said:

“BMS has a long history with the Bermuda market; we first opened on the island back in 2002. This latest build out enhances our ability to offer choice and local market knowledge on the island rather than remotely.

George Bowring’s experience and relationships will bring an extra dimension to the BMS Energy platform given Bermuda is a critical market for this sector.

With London market capacity tightening in the property space, Kian’s track record of success in the Bermudian market will be a timely addition to our placement capabilities, benefiting existing clients and creating new opportunity.”