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BMS grows US P&C team with new senior hire

Thursday 14 October 2010

Independent (re)insurance broker BMS announced today that it has appointed Jack Hickey, who will be joining the property & casualty team based in Shelton, Connecticut. His primary area of focus will be in the North-East – where the majority of his clients are based.

Managing director of the BMS Intermediaries P&C team, Robin Greville Williams said: “We have a clear strategy and have set ourselves ambitious targets to grow our broking business. Developing the breadth and depth of our production capabilities is core to that strategy and Jack is exactly the type of reinsurance broker we want to invest in as we develop the P&C team and business at BMS.”

Jack Hickey commented “I could not be more pleased to join BMS and become part of their successful reinsurance team. Their independence, ability to concentrate on what the client really needs and ambition to deliver first class client service makes for  a very powerful proposition ”

Prior to joining BMS on 1st October, 2010, Jack was a Senior Vice President at Aon Benfield in New York for 10 years. He began his reinsurance career in London during the 1980s with Willis Faber & Dumas.

BMS appoints Cook to expand direct and wholesale platform

Independent London market (re)insurance broker BMS announced today that it has appointed Nick Cook, former Chief Executive of Glencairn, to the new position of CEO of its London market wholesale business. Cook will also become an executive director and – subject to FSA approval – will join the board of BMS Group Ltd.

Carl Beardmore, CEO of BMS Associates Ltd, the group holding company, commented: “Our strategy is to achieve some ambitious targets in the next few years, both through organic growth and acquisitions that will increase the breadth and depth of our production capabilities.

“We are delighted that someone of Nick’s calibre will be joining us to help us realise these goals. Nick’s appointment will further strengthen the group’s London based operations and broaden our offering to our clients. His track record in business development and experience of the London, US and International markets make him a tremendous fit with BMS.”

Nick Cook said: “This is a very exciting time to be joining BMS and become part of a growing and independent group. In a world of increasing consolidation, we share our primary goal of restoring choice and delivering a consistently high level of service to our clients and our markets.”

BMS expands US P&C capability

Friday 1 October 2010

BMS, the specialist insurance group, announced today that it has recruited John Faustman to extend its capability to provide reinsurance solutions for regional US insurance companies.

Mr Faustman will spearhead the opening of a new BMS office in Philadelphia to support this business.  Cover provided out of the new BMS office will include Property & Casualty (Excess of Loss and Quota Share), plus Property Catastrophe, Casualty Clash, Workers Compensation, Umbrella/Excess Liability and Equipment Breakdown programs.

Carl Beardmore, CEO of BMS Associates Ltd, the group holding company, commented: “We have been very clear that we have some ambitious goals for the group and acquiring new teams is a core part of that strategy. We are looking to extend both the number of risk classes in which we are active, as well the reach of our business”.

“We are delighted that John will be joining us, his arrival is an important step in this process and brings us closer to achieving some of our objectives. His track record for excellent client service and strong business development capabilities make him a tremendous fit with BMS.”

John Faustman joins BMS following 19 years with Guy Carpenter as team leader and a Managing Director of the Philadelphia operation.  Prior to that, John had 19 years of primary experience (actuarial, underwriting and sales) principally in the Mutual insurance segment.

Commenting on his appointment John said: “I am excited to join a fast-paced group with a clear vision, strong growth prospects and a commitment to support brokers who want to deliver consistently excellent service and restore choice in the marketplace.”

Stefano Nicolini Joins BMS Re

BMS are pleased to  announce the appointment of Stefano Nicolini, as Senior Vice President concentrating on Industry Loss Warranty (ILW) business. Stefano will be based in New York and report to Jonathan Morris, Managing Director of BMS Re.

Jonathan Morris, commented – “As our reinsurance business is developing, it is a good time for BMS to be strengthening its capabilities and we are delighted that Stefano has joined us to work with our teams in London, Bermuda and the US. His track record in this market stretches back over a decade and his experience and expertise will enhance our product offering in this area”

Stefano Nicolini added – “The ILW market is at an exciting time in its development and clients are looking for objective advice to solve their reinsurance needs. I’m very pleased to be joining BMS whose long history of independent advice and technical excellence makes it perfectly placed to help cedants in this market.”

Stefano previously worked for Guy Carpenter as North American ILW Practice Group Leader developing new opportunities in the ILW market