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BMS Group Appoints U.S. Chief Operations Officer

BMS Group, independent specialist broker, announced today it has promoted Kristine (Kris) Westall, formerly EVP of BMS Reinsurance Operations, to a newly created role as Chief Operations Officer.

In this position, Kris will oversee all U.S. operations and is specifically responsible for the development and implementation of the BMS strategy in North America, reporting to interim US CEO Roger Cooper. She will focus on providing creative solutions that enhance client service, and procedures that improve consistency and efficiency. She will continue to manage client service operations – including reinsurance accounting, claims, contracts, broker operations and office services.

Kris joined BMS in January 2011 as Senior Vice President, Reinsurance Operations Officer in charge of the firm’s U.S. platform. Previously, Kris spent more than 20 years in the Minneapolis office of Benfield, where she served as SVP, Reinsurance Accounting and Claims. Earlier in her career, as SVP of Brokerage Operations for John B. Collins Associates, Kris managed accounting, claims, IT, contracts, compliance and office services.

Christopher Hopton, Chairman BMS Group, commented,

This promotion reflects how tirelessly Kris has worked to develop the BMS operations platform, successfully building it out into one of the finest in the business. It also demonstrates how committed we are at BMS to our growth strategy in the U.S. reinsurance market. We will continue, with Kris’ excellent support, to invest in the best servicing and client operation in the business.”

 

Westall said:

Since 2011 my focus has been to enhance the reinsurance servicing platform for BMS clients, I am proud to say we have been very successful at creating unique global teams of brokering, analytics, contracts and claims experts. This ‘single-team’ approach makes us operationally efficient and extremely adaptable to the needs of each client. I am excited to be a part of BMS’ continuing growth.”

 

BMS opens Ottawa office

BMS Group announced today that is continuing its expansion with the opening of its second Canadian office. The office, which will be located in Ottawa, will be the headquarters of its newly formed Healthcare Professionals Insurance Alliance and Group Program portfolio business. The Canadian operation will be lead by industry expert Brian Gomes.

Gomes, formerly a Vice President within Aon Canada’s affinity practice and more recently the Canadian Physiotherapy Association Chief Operating Officer, is an expert in the area of health care professional liability and group risk structures, frequently consulted by stakeholders across the country to discuss and present on the topic.

The Speciality group, headquartered in Ottawa, will provide unparalleled risk management and brokerage services offering a range of products and resources to clients. It will focus on specialized segment expertise providing group and commercial risk solutions to organizations, professionals, groups and associations.

Brian commented:

I am thrilled to join BMS and lead this unique operation in Canada. With executive risk, health care and other regulated professionals requiring expanding liability and practice risk needs, we see a tremendous opportunity to partner with many of Canada’s leading associations in designing programs for members, by members. Our suite of services will focus on delivering insurance and risk management resources, along with tailored structures and products designed to be most advantageous for our clients. We continue to assemble a tremendous team of specialists in this segment and are excited to share how our model and commitment to this sector will be unlike any other in the industry.”

Paul Daly, Managing Director BMS Specialty Risk, commented:

Brian brings tremendous experience to BMS. Over the past few years, Brian has worked with many of Canada’s largest member association insurance programs, making him the perfect candidate to lead this new alliance. He has over a decade of understanding of the industry and first-hand experience designing and managing successful retention and insurance program models. We are delighted to have him on board.”

 

Please click here to visit the HPIA page and learn more about our unique proposition.

 


BMS Group Announces New Retrocessional Hire

BMS Group announced today it has appointed a new retrocessional expert to build out its existing BMS Re team, as part of its on-going growth strategy.

Glyn Hall, a former partner at Millers Insurance Services, will join BMS as Divisional Director of the BMS Re unit as soon as he is free of any contractual obligations. He will be based in the BMS London headquarters office.

Jonathan Morris, Managing Director, BMS Re, commented:

Glyn brings with him an impressive skill set and long-standing involvement in the retrocession market. We are delighted to welcome him to BMS and with his input we see the business going from strength to strength. His appointment reflects BMS’ continued commitment to investing in the best talent and willingness to capitalize on development opportunities in the market.”

BMS launches new Lloyd’s Market Global Miscellaneous Professional Liability Lineslip

BMS Group, the independent global broker, today announces it is launching a Lloyd’s Market Global Miscellaneous Professional Liability Lineslip, the largest the London Market has seen to date. The lineslip will assist Lloyd’s brokers marketing initiatives in providing a framework to access London-based and subscription market-focused insurer capacity. The security behind the facility is 100% Lloyd’s capacity.

The lineslip targets mid and large-sized professional firms with a predominantly US-based exposure profile and offers brokers fixed pre-determined markets for specific classes of business. It offers limits up to the following:

• USA: Up to US$25mn any one claim including costs and expenses / up to US$50mn in the aggregate including costs and expenses

• UK: Up to £15mn any one claim including costs and expenses / up to £30mn in the aggregate including costs and expenses

• Rest of the World: Up to £15mn any one claim and including costs and expenses (or currency equivalent) / up to £30mn in the aggregate including costs and expenses (or currency equivalent)

The jurisdiction is worldwide and can accept up to 100% exposure in the United States.

Alasdair Ritchie, Managing Director at BMS, commented:

BMS Wholesale is dedicated to providing the best access to the Lloyd’s market for our partners globally. This new lineslip is another tool to make that access easier reiterating our position as broker of choice for our clients.”

BMS Opens Sydney Office

BMS Group, the leading independent global broker, today announced the opening of its Sydney office. This marks another significant strategic goal for the group, with its first office in the Asia-Pacific region.

The office will be led by respected Australia-based facultative broker, Glenn Kerr. Kerr, formerly of Aon Benfield, joins the BMS Wholesale team led by Chief Executive Nick Cook. He is tasked with leading the continued growth of BMS’ wholesale and facultative business in the Asia-Pacific region.

Chief Executive Nick Cook said:

The opening of our Sydney office demonstrates BMS’ commitment to expanding the global wholesale division and further enhances our product offering to our clients. Strategically Asia Pacific is fundamental to our growth plan and under Glenn’s leadership we look forward to building our platform in the region.”

BMS – 2012 Best Places to Work in Insurance

BMS has been selected as one of the 2012 Best Places to Work in Insurance and Winner in the Reinsurance Broker category, in the 4th annual survey organized by US publication Business Insurance Magazine and Best Companies Group. The survey was open to all US team members.

BMS CEO, Carl Beardmore said:

I am incredibly proud of this achievement. This marks another strategic goal for BMS as we continue towards our stated vision of being the broker of choice and best place to work.

We will continue to grow BMS by optimising our people and attracting the best that the insurance market can offer – fostering an environment where people can thrive and develop their careers in a flexible, innovative environment. We view this award as a first step towards being seen as the place to work in the industry and look forward to the group winning many more in the future.”

BMS has made significant investments over the last 18 months in expanding its US platform with new offices in New York, Chicago, Philadelphia, Atlanta, Santa Monica and Minneapolis. It has increased its headcount in the US considerably, with more than 70 new team members joining in the last 18 months. Alongside best-in-class brokers, BMS’ focus has been on attracting industry-respected actuaries, catastrophe modelers, claims and contracts experts, to augment its client offering.

As an employee-owned company, BMS has the freedom to shape its proposition around its people and clients. The ethos is one where the staff manage the culture and environment, built around team member engagement and staff communities that feed into and work closely with the leadership team. Free from administrative disadvantages and red tape when implementing innovation or change, the operational infrastructure and expertise is in place to invest in progressive ideas and really maximize potential.

BMS appoints Chuck Hewitt to further propel its US platform

Independent global broker BMS today announced that Chuck Hewitt has joined its US based reinsurance operations as a senior producer, Executive Vice President and member of its US Leadership Team. He will divide his time between Boston and BMS’s New York office.

Chuck Hewitt commented:

I am delighted that BMS has invited me to join their team. They have demonstrated a willingness to invest in the analytical, modelling and technology platform needed to support the creativity and work they perform for their clients. I am excited to be joining my fellow US and UK colleagues and to help build a world class operating model. BMS offers a strong, independent option in the reinsurance business; it listens to its clients and prospects and delivers custom solutions to their needs and challenges.”

Carl Beardmore, CEO, added:

I am thrilled that Chuck is joining us. He is an experienced and proven producer of business and has an excellent reputation in the sector – often being referred to as one of the best brokers clients have ever dealt with. His extensive know-how will be a great addition to our already considerable pool of talent. This marks yet another important step in the development and extension of our US operations.”

Hewitt has had a long and distinguished reinsurance career. He spent over 28 years at E. W. Blanch / Benfield, initially in the Chicago office and then opening up the EWB Boston office in 1992, building it into a highly respected and strong revenue generating operation. In 2007 he left to join Guy Carpenter as co-head of their Eastern Region, where he recreated the Boston dynamic, produced a sizeable book of brokerage, and became a founding member of the Executive Strategy Team focused on working with clients and prospects on their strategic issues and challenges.

BMS hires Glenn Kerr to spearhead its push into Australia and the Asia-Pacific region

BMS Group, the leading independent global broker, today announces that it has achieved another major strategic goal with the appointment of respected Australia-based facultative broker, Glenn Kerr.

Kerr, formerly of Aon Benfield, will join the BMS wholesale team, led by Nick Cook, upon completion of his contractual notice period. He will be based in Sydney and his role will be to lead the continued growth of BMS’s wholesale and facultative business in the Asia-Pacific region.

BMS Wholesale CEO, Nick Cook said:

As we continue the expansion of our wholesale and facultative platform, I am delighted that we have secured an individual of such high calibre. Glenn is a highly respected broker and producer and will be key to the growth of our business in the region.

Glenn Kerr said:

Having initially been attracted by its independence, I am thrilled to be joining BMS at such an exciting time. The Asia-Pacific region is a growing area and has enormous potential for both facultative and wholesale business. I am pleased to be leading the charge on behalf of such an innovative and entrepreneurial company.”

BMS launches exclusive initiative to provide clients with innovative predictive modeling

BMS Group, the independent global broker, today announces that it has reached an agreement with leading US actuarial specialists Pinnacle Actuarial Resources, Inc. (Pinnacle) to provide predictive modeling to its clients.

Specialist predictive modeling has become an essential element in any leading-edge analytics tool kit and BMS has sought to ensure it can offer this innovative solution to its clients. Over the last 18 months BMS has significantly enhanced its Analytical Services division. Incorporating predictive modeling into its offering will allow BMS to give its clients a powerful range of tools to enhance their ability to assess and price risks, as well as improve claims and underwriting processes, leading to enhanced growth and profitability.

BMS’ Analytical Services team will work closely with Pinnacle, who will supply predictive modeling analyses and implementation support, as appropriate, to BMS clients. This joint venture is exclusive to BMS, as the only reinsurance intermediary Pinnacle is partnering with to offer its predictive modelling expertise to their primary company clients.

CEO, Carl Beardmore said:

We are proud to be able to make another industry-leading expert solution available to our clients. This exclusive relationship with Pinnacle will ensure our Analytical Services offering is one of the best in the business, providing clients with a tailored, cutting-edge package to meet their actuarial needs.”

Dave Spiegler, EVP and Chief Actuary, said:

BMS is committed to enhancing our analytical capabilities to offer our clients everything they expect and more. We look forward to working with experts of Pinnacle’s caliber, giving our clients the very best in predictive modeling services allowing them to better meet their growth and profitability goals. When BMS becomes your broker, our analytics team becomes part of your team and now Pinnacle will be part of that team too.”

Roosevelt Mosley, Principal and Consulting Actuary at Pinnacle, said:

We’re excited to be working with BMS to assist their clients in their predictive modeling needs. Whether it’s developing pricing models and rating relativities, evaluating new rating factors, analyzing underwriting processes, optimizing claim processes or developing claim fraud detection models, we’re ready to bring deep and extensive experience to BMS’s clients.”

BMS launches new global construction initiative

BMS Group, the independent global broker, announces today that it has launched a new global construction initiative. Gavin Madell, with over twenty years’ experience, will lead the new team. The construction team will provide an enhanced service for BMS’s clients, and demonstrates the company’s on-going commitment to building new product lines across the business.

Gavin joins from Price Forbes, where he was previously Director of its Power and Construction business. He will be supported by David Lazell on the General Liability side, and Paul Hutchinson on the Professional Indemnity side. Steve Ferns, who joined BMS five months ago from Lockton, will head up Construction Claims. All members of the team have extensive experience, with particular focus on the US, Canada, Asia Pacific and Africa.

Nick Cook, CEO BMS Wholesale, today commented:

BMS is committed to continuing our expansion of the global wholesale division with a range of products to best fit our clients’ needs. Gavin Madell is the latest of a number of experienced producers to join BMS Wholesale. He brings with him vast expertise in this sector, and I look forward to working with him to build our Construction practice.”