BMS senior hires boost analytical and technological expansion

BMS Re US (“BMS”), the independent specialist reinsurance broker, today announces two appointments to the team. The new hires support BMS’ continued commitment to incorporate actuarial and technological expertise into the business as technological disruption permeates the industry.

To support this, BMS has formed a Solutions Group to identify business trends and develop solutions tailored to each client’s goals by leveraging its analytical and (re)insurance expertise. The Solutions Group will be led by Kirk Conrad, Chief Strategy Officer at BMS Re US.

Chang Liu joins as Director of Catastrophe Analytics Technical Development. Most recently he served as Director of Catastrophe Risk Modelling and Research at XL Catlin, having previously held a number of senior roles at ACE, Tokio Marine Technologies and RMS. He began his career as a Project Manager at Dames & Moore in 1996.

Bradley Parent, an Associate of the Casualty Actuarial Society, joins as Assistant Vice President / Actuary from the Christopher Gross Consulting Group. He brings a strong actuarial background to BMS in all aspects of P&C insurance, including reserving, pricing, reinsurance, predictive modeling, and software development.

Kirk Conrad, Chief Strategy Officer and leader of BMS’ Solutions Group, says:

“Our focus always has and always will be on delivering solutions and advice that helps our clients meet their goals. BMS has made significant investments in technology, including the award winning spatial application, BMS iVision™, in addition to developing a robust catastrophe analytics and actuarial tool suite. Our history of investment in technology and highly skilled people, such as Brad and Chang, coupled with our ability to act quickly, allows BMS to offer the right solutions for our clients. I am pleased to welcome them to our team and look forward to working with them as I lead the Solutions Group.”

Andrew Bustillo, CEO of BMS Re US, said:

“The creation of our Solutions Group and our continued investment in talent and technology will allow BMS to more effectively drive solutions to ensure our clients stay ahead of the curve in this changing landscape.”

BMS launches BMS Iberia

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces the launch of a new European venture, BMS Iberia. The operation will be spearheaded by recently-appointed directors Fernando Claro in Madrid and Domingo Albi in Seville, and will report to BMS M.D. & Head of International, David Battman.

Fernando Claro has twenty years’ experience in the Spanish insurance market, having held a succession of senior roles at Marsh Spain, most recently as head of Financial & Professional Lines (FinPro) and M&A at Marsh Spain. Albi joins BMS Iberia with nearly twenty years’ experience and is a recognised market leader in arranging insurance for sports associations and professional colleges, previously at Aon and Marsh.

The launch of BMS Iberia is consistent with BMS’s global integrated hub-and-spoke strategy and will complement its existing international operations, focusing at the outset on a core product offering of financial and professional lines, affinity and reinsurance. It will work closely with broking teams in London and Miami to place inbound reinsurance from Latin America and the Caribbean, plus reinsurance and retrocession from Madrid into London. BMS Iberia will also help expand the work of BMS’s global practice group for affinity.

The new venture will provide BMS with a long-term solution for accessing business in the European Union post-Brexit.

David Battman commented: “Our aim is to bring something new to the Spanish and Portuguese markets. We believe that our target client base – corporations, independent retail brokers, professional and sports associations, MGAs and insurers – is seeking a new type of broker that simultaneously offers real expertise, focusing on the customer through personal service and the use of technology.”

“As BMS expands, we see our entrepreneurial culture attracting the very best talent in the market, and expect to make further hires from a variety of sources in the near future.”

BMS Capital Advisory sole investment banker in Coverys’

New York, NY – BMS Capital Advisory (“BMS CA”) today announced it acted as sole investment banker to Coverys in its intended acquisition of R&Q Managing Agency Limited (“RQMA”), a fully authorized Lloyd’s third party managing agency. RQMA is part of Randall & Quilter Investment Holdings (R&Q), a non-life insurance investor, underwriting manager, captive manager and service provider.

The acquisition is subject to regulatory approval by Lloyd’s and the Prudential Regulation Authority.

Gregg Hanson, CEO and president of Coverys, said: “This acquisition shows our determination to further strengthen our client offerings, and we are delighted to have achieved this milestone with help of expert advice from our partners at BMS CA.”

Romulo Braga, CEO of BMS CA, said: “This transaction highlights the continued attractiveness of Lloyd’s to capital investors. Assisting Coverys in establishing its London market presence is a high-profile achievement for our advisory business, and we are therefore very pleased to be able to demonstrate our firm’s ability to deliver cross-border, integrated advice and institutional knowledge. ”

BMS Group partners with The Brain Tumour Charity

We are pleased to announce that we are supporting The Brain Tumour Charity throughout 2017 and 2018.

As well as organising a host of fundraising events and initiatives, we have deployed a team of intrepid colleagues to take on the Everest in the Alps challenge in February 2018 – an incredible test of stamina, both physically and mentally.

Nick Cook, CEO of BMS Group said: “We decided to work with The Brain Tumour Charity as for many of us at BMS, it is a subject that is close to our hearts. With 30 people in the UK diagnosed with a brain tumour every day, the statistics are truly astonishing. We are delighted to support such an important cause and look forward to helping increase the profile of this great charity and raise as much money as possible”.

Geraldine Pipping, Director of Fundraiser at The Brain Tumour Charity said: “Despite brain tumours being the biggest cancer killer of children and adults under 40, survival rates have improved very little over the last 40 years.

We receive no government funding, so we rely 100 per cent on fundraising, donations and gifts in wills. It’s only through the efforts of people and companies like BMS, that we can change those shocking statistics and bring hope to the 10,600 people who are diagnosed with a brain tumour each year”.

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About The Brain Tumour Charity
The Brain Tumour Charity is at the forefront of the fight to defeat brain tumours, making a difference every day to the lives of people with a brain tumour and their families. It funds pioneering research to increase survival, raise awareness of the symptoms and effects of brain tumours and provide support for everyone affected to improve quality of life. Click here to find out more.

BMS Hires Andrew Godden as CEO of Australia

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces the appointment of Andrew Godden as CEO of Australia. He will report directly to Nick Cook, CEO of BMS and be based in Sydney.

Andrew has established an outstanding reputation during his 30+ years in the insurance industry, based on his strong entrepreneurial approach to building insurance businesses. Most notably in 2003 he co-founded Specialist Broking Associates. Since its 2010 purchase by Arthur J. Gallagher, Mr Godden has been CEO of Australia for the combined business.

Andrew’s appointment will further enhance the significant reach BMS has been developing in Australia and across the Asia Pacific region, which is based on its commitment to offering its clients an individually focused level of service.

Nick Cook, CEO of BMS, commented: “BMS has been building its reputation in Australia and the wider Asia Pacific and I’m delighted that the entrepreneurial culture we have created has allowed us to attract an individual of Andrew Godden’s calibre. Andrew shares our belief in an employee-owned business with an absolute focus on high quality customer service, which will be invaluable as we expand our reach right across the region.”
Andrew’s appointment will take effect upon the expiration of his contractual obligations to Arthur J. Gallagher.

BMS Group Limited appoints John Hoare as Managing Director, BMS Harris & Dixon Marine

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces the appointment of John Hoare as Managing Director of BMS Harris & Dixon Marine, BMS’s specialty marine division with immediate effect. John succeeds current Managing Director Tony Pryce, who will remain Chairman of the business. John and Tony will work closely together on developing the expanding portfolio of BMS Harris & Dixon Marine.

John brings 32 years of experience in the marine insurance industry. He most recently served as International Marine Director at H. W. Wood Limited, having joined H. W. Wood from Heath Lambert. He began his career in the insurance industry at Sedgwick in 1985.

Tony said: “John’s appointment comes at a vital moment for BMS Harris & Dixon Marine. We have been steadily growing our book of business, and John will play a crucial role in the continued build-out of our capabilities. It has been a privilege to lead the BMS Harris & Dixon Marine division for almost thirty years, and it is now time for an orderly and managed transition to a new generation of leadership. John embodies the values of client service we hold so dear at BMS, and I therefore look forward to working with him to ensure the continued success of the business.”
John said: “BMS Harris & Dixon Marine has an unparalleled reputation in the marine market and has gone from strength to strength in recent years since its integration into the BMS Group. With ambitious plans and an expanding portfolio, BMS Harris & Dixon Marine will be an absolute pleasure to lead. I am delighted to be joining BMS Harris & Dixon Marine and working with as experienced a figure as Tony.”

BMS Group Limited launches Construction Unit with senior appointments

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces the launch of a new Construction Unit. Philip Maloney joins BMS as Managing Director to head the newly created unit, reporting to Ian Gormley, Director.

The team will focus predominantly on US and International CAR and EAR projects, amongst the other facets of Construction and Engineering insurance/reinsurance.

Maloney brings 21 years of experience in the construction and engineering sector. He most recently served at THB London, as Director of Construction and Engineering. Prior to that he was Partner – Construction and Engineering at JLT Re and previously Global Head of Construction and Engineering at AonBenfield Fac for six years. Philip will be joined by Scott Davison, previously a Partner within international Construction at JLT Specialty Ltd and Henry Morgan, also from international Construction at JLT Specialty Ltd.

Ian Gormley said: “Expanding our construction capabilities enhances the suite of products that we can offer to our existing and future client base. Phil Maloney is one of the leading lights of the broking sector, with a consistent track record of delivering growth and developing a successful book of construction business and we are convinced that he, alongside Scott and Henry, will prove valuable additions to BMS.”

BMS Capital Advisory completes inaugural M&A transaction

New York, NY – BMS Capital Advisory, Inc. (“BMS Capital Advisory”, “Firm”), the broker-dealer arm of leading independent specialist insurance and reinsurance broking group BMS, announces the successful completion of its inaugural M&A transaction.

BMS Capital Advisory acted as the exclusive advisor to Mount Beacon throughout the company’s acquisition by Florida Specialty. In its role as advisor, BMS Capital Advisory acted on behalf of Mount Beacon and its shareholders to secure the successful closure of the deal prior to the US hurricane season.

Together, BMS Capital Advisory and BMS Intermediaries offer clients access to the resources needed to achieve their strategic goals through reinsurance transactions or access to the capital markets.

Romulo Braga, CEO of BMS Capital Advisory, said: “I am very pleased to announce the completion of BMS Capital Advisory’s first M&A transaction, which, along the private placements completed by the Firm to date, represents a key marker in our continued operational development. The BMS group is committed to impartially delivering the most effectively priced capital and integrated advice to our clients, and led by our Florida risk and capital expert, Steve Korducki, this transaction demonstrated our collective ability to provide clients with solutions that best serve their precise business demand.”

BMS Group appoints James Gordon to lead Cyber & Technology Division as Managing Director

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces the appointment of James Gordon as Managing Director of its Cyber and Technology Division. He will take up his position after serving his current notice period, reporting to Ian Gormley, managing director, BMS Risk Solutions.

Gordon has 13 years’ experience in the (re)insurance industry and joins BMS from Lockton Companies LLP, where he served as vice president, Global Technology & Privacy Practice (GTTP). Under Gordon’s leadership, the GTTP grew to become the largest such team in the London market, handling all kinds of technology, media and network security related business, predominantly for financial institutions, the healthcare and retail industries. Previous employers include Jardine Lloyd Thomson Ltd. and HSBC Insurance Brokers.

Ian Gormley, Managing Director, BMS Risk Solutions said: “I’m delighted that James will be joining BMS. Following the hire of Ryan Jones earlier this year, James’ appointment represents the next step in our ambition to provide a market leading cyber offering to clients. His track record in business development and market reputation for supplying cyber and technology expertise will be instrumental as we grow our presence in this sector.”

James Gordon said: “I’m very pleased to be joining BMS to lead the Cyber and Technology Division. This is an exciting time in the market as demand for cyber and technology expertise continues to exceed supply. BMS’ global presence and existing reputation for providing an unmatched level of client service provides the perfect platform from which to build a leading cyber and technology team.”

BMS Group appoints Ryan Jones as Director of Cyber Risk Intelligence

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces the appointment of Ryan Jones as Director of Cyber Risk Intelligence. He takes up his position with immediate effect, reporting to Ian Gormley, Managing Director, BMS Risk Solutions.

Ryan has extensive experience as a cyber risk specialist and has advised a number of (re)insurance brokers, Lloyd’s syndicates and (re)insurance businesses on cyber protection, risk management and building and managing enterprise risk management programmes. Ryan previously had a successful career as a Sergeant of Marines with the United States Marine Corps.

Ian Gormley, Managing Director, BMS Risk Solutions said:

“I’m delighted to welcome Ryan to BMS, whose hire represents another significant step in our plan to build a market leading Cyber Intelligence Division. His specialist technical expertise and broad knowledge of cyber security will play a key role in our continual drive to be a one stop shop for our clients, as we develop a broking team that’s devoted to providing cyber risk solutions to our diverse client portfolio.”

Ryan Jones commented:

“I’m very pleased to be joining BMS. Cyber risks and exposures are complex, varied and continually evolving in the way they are assessed by both insurers and insureds. BMS’ internationally recognised brand offers the perfect platform from which to build and develop a team of devoted cyber experts who will facilitate cyber risk solutions for both existing and new clients.”