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.”

BMS opens New York office

Leading independent broker BMS today announces it has opened an office in New York City. The Park Avenue office will be the base of Group CEO, Carl Beardmore, who will now be spending the majority of his time in the United States. Larry Cantwell, Executive Vice President, will be the lead producer.

This development sees BMS further strengthen its position in North America where it continues to grow its reinsurance business. Over the past 18 months it has invested in a number of key personnel both in the UK and US, particularly in its modelling and analytics offering. BMS is also in the process of moving the servicing of all reinsurance accounts from London to Minneapolis.

Carl Beardmore commented:

Opening an office in Manhattan is vital to the continued expansion of our US platform to complement our strong London position and build a truly unified reinsurance platform. The new office will primarily be a production centre, led by industry veteran Larry Cantwell. However, it is also designed to be a hub for all our markets, and any staff or clients who want to use the facilities will be made very welcome.

For me, the most important thing is that we demonstrate our continued commitment to our clients. We have invested heavily in our US offering, both in our modelling and analytics capabilities, and we are in the process of moving the servicing of all reinsurance accounts from London to Minneapolis. Everything we do is for our clients’ benefit, and to make it easier for them to do business with us, which is why I’m moving to the US and why we’ve opened this impressive new office in New York”.

BMS appoints Steve Galleger to help build its US platform

Independent global broker BMS today announced that Steve Galleger has agreed to join its US based operations as Executive Vice President. His responsibilities will include helping BMS to drive the build out of its US reinsurance platform and to develop and deliver customised reinsurance and risk management solutions for Property, Casualty and Speciality insurers. He will be based in the Minneapolis office.

Carl Beardmore, CEO, commented:

Steve’s extensive experience in designing, placing and executing reinsurance and risk management strategies for some of the most prestigious and successful insurance companies in the US, is exactly the kind of executive talent we are looking to recruit. This marks another important step in the development and extension of our US operations and is further evidence of our ability to attract key producers to join BMS.”

Steve joins BMS after 21 years at Aon Benfield. He began his career in 1990 at E.W. Blanch Company in Minneapolis, MN. While there he serviced a number of Midwest regional and super regional clients, before transferring to the newly expanded EWB Dallas office where he first led a number of client service teams, before taking over production responsibilities for the Dallas and lower Southwest regional area. After Benfield bought EWB in 2001, Steve returned to the home office in Minneapolis continuing his role as head of the production for the upper Midwest area as well as servicing a number of clients. Steve was awarded Benfield’s 2007 Broker of the Year Award. Steve has extensive experience in structured reinsurance contracts, MGA/fronted programs and catastrophe reinsurance for both hurricane and tornado/hail driven portfolios. He has a BS from St. Cloud State University, graduating in 1990.

BMS expands its analytics team with two new senior hires

Independent global broker BMS Group today announces that it is continuing to invest in its analytics business with the appointment of two industry experts:

  • Julie Serakos, Executive Vice President, Catastrophe Modelling
  • Mike Larson, Executive Vice President and Actuary for BMS Intermediaries

Julie will join BMS this week to lead the Catastrophe Modelling department.  She joins from Willis Re where she built up the company’s catastrophe risk modelling and advisory services business becoming the Executive Vice President in their Property Resource Division.

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BMS appoints global expert as Head of Wholesale Claims

Independent global broker BMS today announced that Steve Ferns has agreed to join its Wholesale division as Head of Claims. His responsibilities will include helping BMS to build its client offering with a best-in-class back office platform. His property and construction claims handling experience encompasses North America, Latin America/Caribbean, Africa and Asia Pacific.

Steve Ferns commented: “BMS’ appeal was its independence – which offers an opportunity for innovation without red tape. Joining an organisation that has a clear vision of what it wants to achieve and a commitment to making claims servicing the best in the business is a platform that I look forward to contributing to.”

Nick Cook, CEO Wholesale, added: “We want to offer our clients seamless service and I am delighted that someone of Steve’s calibre, breadth of knowledge and reputation has agreed to become part of our expanding team of experts.”

Prior to joining BMS, Ferns was Property Claims Director at Lockton LLP for over ten years and before that was a Wholesale Claims Manager with PWS Holdings. He will join BMS in September once his contractual obligations have been met and will be based in the London office.

BMS appoints Philip Campbell to help build its US platform

Independent global broker BMS today announced that Philip Campbell has agreed to join its US based operations as Executive Vice President and member of its US Strategy Board. His responsibilities will include helping BMS to drive the build out of its US reinsurance platform and to develop and deliver customized reinsurance and risk management solutions for Property, Casualty and Speciality insurers.

Philip Campbell commented:

“BMS is uniquely positioned to attract exceptionally talented broking, cat modelling, actuarial and other analytic staff who yearn for an entrepreneurial work environment. I’m excited to be joining my fellow US and UK colleagues.

Together we will build a world-class operating model, develop best in class systems and capabilities and create a culture that will attract the best talent in the industry. We will listen to our clients and prospects, create custom solutions to their needs and challenges and deliver and execute on these solutions with an intense commitment to excellence”.

Carl Beardmore, CEO, added:

“I am delighted that Phil is joining us. His more than 25 years experience designing, placing and executing reinsurance and risk management strategies for some of the most prestigious and successful insurance companies in the US, is exactly the kind of executive talent we are looking to recruit. This marks another important step in the development and extension of our US operations. We are very encouraged about the future of our US initiatives.”

Prior to joining BMS, Campbell was a Managing Director of Guy Carpenter and before that was an Executive Vice President with Aon Benfield and its predecessors for over 25 years, holding a number of key broking and leadership positions. He will be based in the BMS Minneapolis office.

BMS hires Ian Gormley to spearhead its US Wholesale Growth

Independent global broker BMS Group today announces it has signed up another high profile recruit for its growing wholesale team.

Ian Gormley, formerly Head of US Property at Willis-owned wholesaler Glencairn, will join the BMS wholesale team led by Nick Cook upon completion of his six month contractual notice period. His role will be to lead the continued growth of BMS’ US wholesale business.

Nick Cook, Head of Wholesale at BMS, commented:

“Ian is one of the London market’s most respected brokers and producers.  He will greatly enhance our capability in London to meet our US-based client’s expectations, and I am delighted that we have secured an individual of such high calibre”.