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BMS team raises over $140,000 for homeless youth of New York

BMS Intermediaries is delighted to report the successful participation and fundraising achievement of its team who took part in the first Covenant House (re)insurance industry Sleep Out, on September 27th 2015.

Covenant House, a charity based in North and South America, supports homeless youth with the provision of essential services and the tools to build a brighter, independent future.

Seven members of staff took part in the event, spending a night on the streets of New York with their guests, equipped only with a sleeping bag and a cardboard box. In total, the BMS team raised over $140,000, contributing to the overall funds raised of more than $470,000.

They were:

• Andrew Bustillo, Chief Executive Officer
• Kristine Westall, Chief Operations Officer
• Dawnmarie Black, Senior Vice President
• Romulo Braga, Senior Vice President
• Jack Hickey, Senior Vice President
• Gavin Brennan, Assistant Vice President
• Mike O’Connell, Intern

“The efforts made by the BMS team, including our guests from other companies, towards raising sponsorship and awareness around the (re)insurance industry’s first Sleep Out, is testament to this industry’s commitment towards making a positive impact on surrounding communities. The funds raised from this event will make an immediate difference to the lives of homeless young people supported by Covenant House, providing food, clothing, shelter, counselling and job training to those who need it most. As Board Chair of Covenant House I’d like to reiterate our thanks to all those that took part, as well as the co-workers, clients and families that gave their time and sponsorship to the event.”
Andrew Bustillo

So far this year, over 56,000 children have been helped by Covenant House. BMS are looking forward to taking part in the event again next year, with the hope of supporting Covenant House’s continued provision of essential services to young homeless people.

BMS and friends posing

For more information about Covenant House and their work, please visit:
www.covenanthouse.org

BMS Australia announces launch of Brisbane office and the appointment of Sam Mayne as Director

BMS Group Ltd. (“BMS”), the independent specialist insurance and reinsurance broker, today announces the launch of its Brisbane office and the appointment of Sam Mayne as Director of Wholesale and Facilities, reporting to Brett Field, CEO of BMS Australia.

Sam has over 13 years’ experience as a broker to the international insurance markets and joins BMS from Cooper Gay (Australia), where he served as Head of Wholesale. He started his career at Denis M. Clayton, now JLT Re, where he progressed to be manager of the global facilities team. In 2013, Sam relocated from the UK to Australia, where he continued to specialise in the binding authority and wholesale space as a Director at JLT Re.

Brett Field, CEO of BMS Australia, said:

“It gives me great pleasure to welcome Sam to BMS as we launch our Brisbane office. The Brisbane operation will increase our territorial reach and, as the only independent Lloyd’s broker with local Australian offices, goes further to demonstrate our commitment to the Australian market.”

Sam Mayne commented:

“I am delighted to be joining BMS and am very excited about contributing to the continued growth of the Group’s Australian business. BMS’ reputation in the market for finding entrepreneurial solutions for stakeholders via its strong, established relationships in Australia, Singapore and London, gives us a competitive advantage in our ambition to grow a market leading portfolio of business.”

BMS Group appoints Lawson and Chamberlain as Directors

BMS Group Ltd. (“BMS”), the independent specialist insurance and reinsurance broker, today announces the appointments of Mark Lawson and Daniel Chamberlain as Directors of North American Property, reporting to Ian Gormley, Managing Director of BMS Risk Solutions.

Lawson and Chamberlain both have over 20 years’ experience and join from JLT Specialty Limited (JLT) where, as Senior Partners, they led the North American Property business. Prior to JLT, Lawson was a Partner at Newman Martin and Buchan, where he set up and led the Property and Casualty team. Chamberlain also worked at Newman Martin and Buchan specialising in complex property risks over a broad range of industries. He started his career at Nicholson Leslie, now Aon.

Nick Cook, CEO of BMS Group, said:

“I’m very pleased to welcome Mark and Dan to BMS. The breadth of their experience and contacts in the US property sector will open up a substantial new client base for BMS. Owing to the ongoing changes within the independent broking sector, we see significant opportunity to strengthen our North American retail business as part of our growth strategy. Mark and Dan’s expertise will play a key role in enhancing and accelerating our strategic development in the sector.”

Mark Lawson said: “BMS already has a reputation for providing independent brokers with a platform to build leading portfolios of business, within a culture that puts the client at the heart of its operations. I look forward to building on this reputation and contributing to BMS’ position as one of the market’s top independent brokers.”

BMS appoints Gilles Bonvarlet as Non Executive Director

BMS Group Ltd. (“BMS”) today announces the appointment of Gilles Bonvarlet as Non Executive Director, subject to regulatory approvals. He joins the company’s board of directors led by recently appointed Chairman, John Hastings-Bass.

Mr. Bonvarlet has over 25 years of experience in the international (re)insurance markets. He joined Brockbank Group in 1994 and following the acquisition by XL Group became Managing Director of XL London Market Ltd. until 2004. He then joined Talbot Holdings Ltd as Chief Operating Officer until 2009.

Mr. Bonvarlet is currently a Non Executive Director of Amlin Underwriting Ltd. and Xchanging Insure Services, as well as the Chairman of One Re Ltd. He has also served as a Non Executive Member of the Lloyd’s Market Board.

BMS Group CEO, Nick Cook, said:

“It’s my great pleasure to welcome Gilles to BMS, his extensive knowledge of the insurance and reinsurance markets will be invaluable to our business. Gilles’ appointment demonstrates that we are determined to attract the market’s top talent as we continue to develop and strengthen our global footprint.”

Commenting on his appointment, Gilles Bonvarlet added:

“I am delighted to be joining BMS. The BMS brand is synonymous with high quality, independent and innovative brokerage, matched with technical expertise and an understanding of both the traditional and alternative capital markets. I look forward to playing my part in the company’s development as one of the world’s leading independent brokers.”

BMS appoints Erin Vaccaro as Vice President

BMS Intermediaries Inc. (“BMS”), the independent risk and advisory firm, today announces the appointment of Erin Vaccaro as Vice President of its Philadelphia based Property and Casualty Treaty reinsurance division, reporting to John Faustman, Executive Vice President.
Erin joins BMS from Guy Carpenter, where she served as Vice President. During her eight year tenure at Guy Carpenter, Erin worked in both the Philadelphia and London offices across global Property, Casualty, Workers Compensation and Personal Accident treaty accounts. She is a graduate of the Temple University, Fox School of Business and Management, with a Bachelor of Arts degree in Business Administration, majoring in both Finance and Risk Management and Insurance.

John Faustman, Executive Vice President of BMS, said:

“I’m very pleased to welcome Erin to BMS’ Philadelphia offices. She joins our existing team who are dedicated to providing clients with a highly responsive service and market leading technical expertise. This is an aptitude that Erin has demonstrated throughout her career and she will make an excellent addition to the team.”

Erin Vaccaro said:

“I’m very excited to be joining BMS, whose brand is synonymous with sustainable growth, outstanding customer service and innovation in the face of complex client requirements. I look forward to getting to know the team and being a part of the company’s leading Property and Casualty reinsurance account.”

BMS Intermediaries CEO Andrew Bustillo has highlighted the importance of reinvention for reinsurers as the market continues to evolve

BMS Intermediaries CEO Andrew Bustillo has highlighted the importance of reinvention for reinsurers as the market continues to evolve, in Insider Quarterly’s Walk the Talk profile. The article discusses the positive culture and collaborative approach of BMS Inc., BMS Group, Minova and Pioneer Underwriters. Growth in facilities, particularly for challenging risks such as cyber and terrorism are also a focal point.

Download full article (pdf)

BMS Group CEO Nick Cook featured among a number of broker CEOs in the latest edition of Insurance Insider.

BMS Group CEO Nick Cook featured among a number of broker CEOs in the latest edition of Insurance Insider. ‘Lost Civilisations’ focuses on the challenges facing mid-tier brokers and how companies, including BMS Group are diversifying to remain competitive and continue to grow.

Download full article (pdf)

BMS Continues customer driven innovation with launch of new iVision Hazard Module

BMS Intermediaries today announces the latest enhancement to iVision, its award winning catastrophe risk management system, that includes a new Hazard Module with storm surge features to support heightened user experience and functionality.

The new Hazard Module consolidates the extensive hazard map layers already available to iVision users with storm surge inundation heights above ground level, as defined by the National Hurricane Center’s Sea, Lake and Overland Surges from Hurricanes (SLOSH) model for category 1-4 hurricanes. The ability to visualize these storm surge hazard layers benefits users in their portfolio accumulation management, growth strategies, underwriting and rating territory evaluation.

“iVision’s latest enhancements, which were implemented following feedback from our clients, continues to demonstrate our commitment to providing innovation to suit their business requirements. In line with the start of the 2015 hurricane season, the new storm surge and hazard module features empower our clients making them better equipped than ever to prepare for severe weather events.”,

says Julie Serakos, Head of Cat Analytics for BMS Intermediaries, Inc.
iVision, part of a suite of analytical tools and services offered by BMS, is an easy-to-use catastrophe risk management system that is accessed via the internet. Built on the latest GIS technologies, it helps today’s insurance companies reduce cost and increase efficiency when managing their catastrophic risk.

BMS Canada Risk Services appoints Shaun Johnston as Chief Operating Officer

Vancouver, Canada – BMS Canada Risk Services (“BMS Canada”) the Canadian arm of the independent specialist insurance and reinsurance broker BMS Group Ltd., today announces the appointment of Shaun Johnston as Chief Operations Officer (COO). He will report to Brian Gomes, CEO of BMS Canada, and will be located in BMS Canada’s Vancouver office.

Shaun joins BMS Canada from Aon plc (Aon) where he spent over a decade in the company’s Construction Services Group based in Vancouver. During his time at Aon, Shaun led a team of 20 specialists and grew a leading broking portfolio, providing risk management services, national and cross-border insurance programme design and management to some of western Canada’s largest and most diversified construction and property development companies.

Brian Gomes, CEO of BMS Canada Risk Services, said: “I am delighted to welcome Shaun who joins us both as COO for BMS in Canada and head of our Vancouver based operations. This is a very exciting time in our strategic expansion as we continue the significant growth of our businesses across Canada. I know, from working with him previously, that Shaun brings to BMS a reputation of being absolutely passionate about client service, working closely with his clients to deliver solutions to their most pressing business needs. He also brings to BMS his leadership in the provision of advisory, programme design and placement services for large complex construction projects having worked on some of western Canada’s largest construction projects over the years. I can not think of a more suited individual to drive growth of BMS Canada’s operations nationally. His leadership, experience and market network will be instrumental in the ongoing development of our position as a market leader.”

Shaun Johnston commented:

“I am very pleased to be joining Brian and the BMS Canada team, who have set a new benchmark for excellence in customer service and innovation in the Canadian market place. I’m greatly looking forward to implementing and leading our strategic expansion as we continue to build BMS’ operational capability across the country.”

Steve Korducki Joins BMS Capital Advisory, Inc.

New York, NY – BMS Capital Advisory, Inc., has appointed Steve Korducki, Executive Vice President of BMS Intermediaries, as General Securities Representative, effective immediately. Mr. Korducki currently serves on the BMS Intermediaries U.S. Executive Committee. as the leader of BMS’ Florida Strategy. In his new role he leverage his managerial and operational experience to assist the firm in the expansion of non-traditional catastrophe coverage solutions for BMS clients and new business prospects.

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.

Rom Braga, BMS Capital Advisory’s CEO said:

“We are guided by a group-wide partnership approach as we strive to deliver capital management solutions to our clients. With Steve on board, our clients now have access to another insurance executive with extensive industry experience, especially in peak catastrophe zones, such as Florida.”

Mr. Korducki commented:

“Risk management in catastrophe exposed regions, like Florida, requires front-end aggregate management strategies and controls, as well as cost-effective and efficient risk transfer capabilities, across traditional and non traditional reinsurance and capital markets. BMS is committed to the development of customized front-end risk management technology and the seamless integration of capital markets into the risk transfer process for our clients.”

Mr. Korducki is a Certified Public Accountant and a licensed Property and Casualty Agent. He is a graduate of Marquette University and holds securities licenses including the Series 7, and Series 63. He was an early pioneer in the development of catastrophe bonds and insurance linked securities.