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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”.

 

Two more new hires for BMS Group MGA Operation

Pioneer and JH Intermediaries the MGA arms of the BMS Group, today announces the addition of two new employees:

  • John Andrews, Business Development Director
  • Jade Bolton, Business Development Assistant

BMS launched Lloyd’s Managing General Agent, Pioneer Underwriting in April 2011 to underwrite a diverse portfolio of business with an initial premium capacity of £62.5m. The team is led by Darren Doherty, Managing Director.

John Andrews joins as Business Development Director and will be responsible for developing program related business for Pioneer Underwriting and JH Intermediaries.  John has over 20 years experience within the MGA & delegated authority arena and joins from Glencairn.  John will report to Darren Doherty.

Jade Bolton also joins as Business Development Assistant. Jade brings with her 7 years experience within the insurance industry with particular expertise in underwriting casualty & professional lines MGA and delegated business.

Darren Doherty today commented:

“Having launched Pioneer in April, we are keen to continue to attract the best talent.  This ensures our clients receive the full benefits of our underwriting model.

 

BMS Group has made no secret of its ambition to grow the business, with underwriting being a core component of this growth. Both John and Jade will strengthen our offering and I welcome them to the team.”

 

Pioneer Underwriting at BMS Group takes on Marine Underwriter

Pioneer Underwriting, BMS Group’s recently launched Lloyd’s MGA, today announces that Amy Fu joins the team as a Marine Underwriter.

BMS launched Lloyd’s Managing General Agent, Pioneer Underwriting, in April 2011 to underwrite a diverse portfolio of business with an initial premium capacity of £62.5m. The team is led by Darren Doherty, Managing Director.

Amy joins from Swiss Re where she gained extensive knowledge of the Asian insurance market working in its offices in Beijing, Hong Kong, Tokyo and Singapore.  Prior to the insurance industry Amy worked as a financial analyst at Reuters in China, she holds a Bachelors Degree in Finance.

Darren Doherty today commented:

“Having launched Pioneer in April, we are keen to attract the best talent to ensure our clients receive the full benefits of the underwriting model.

 

“BMS Group has made no secret of its ambition to grow the business, with underwriting being a core component of this growth. Amy will strengthen Pioneer’s current expertise and I’m looking forward to her joining the team.”

BMS appoints new Non-Executive Director

Independent specialist broker BMS Group announced that it has hired a new non-executive director.

James Morley was appointed in January 2011, subject to FSA approval, as non-executive director of BMS Associates Ltd and BMS Group Ltd.

He is a Chartered Accountant with an executive background spanning 30 years as Group Finance Director within a number of listed public companies, including various insurance companies. Over the last few years his business experience has been focused on Non Executive Director & Chairman of the Audit Committee positions within a number of PLCs.

CEO BMS Group, Carl Beardmore said: “I am delighted to welcome James to BMS. We have been searching for an additional non-executive director with specific financial experience to guide and challenge us. James fits the bill perfectly and I look forward to working with him.”

James said: “BMS is experiencing an exciting period of development and expansion, which I felt would be interesting to be a part of and to help guide the future success of the Group.”

First-ever fully electronic placement via iPad at Lloyd’s market

The placement of the first electronic, fully-placed contract via iPad as well as the Message Exchange took place today marking another step forward in the fast-paced technological advancements in the London Market.

Steve Knight, BMS Direct & Facultative Director walked into Lloyd’s today, 17th January, met with Catlin Syndicate’s Michael Davern at their box and within minutes had refined and placed a contract using the RI3K platform on his iPad – face to face broking in the simplest and most efficient form possible.

Leading independent broker BMS has been working with Lloyd’s on its iPad initiative, alongside the Qatarlyst owned RI3K, to integrate the implementation of the new technology within the London market. BMS are using RI3K, the iPad and the Exchange to establish the ideal electronic trading platform for the London market.

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