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.”

New BMS creative brings brand to life at NAMIC Annual Convention 2013

What makes BMS the reinsurance advisor clients want to work with time and again? Creative, custom solutions and a caring, entrepreneurial spirit. We think fast, but never wing it.

Want to feel it? Play the Video:

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Max Taylor – Appointed Chairman, Pioneer Underwriting

BMS Group has strengthened its underwriting growth plans by hiring former Lloyd’s chairman Max Taylor to its MGA business. Insurance Day magazine covered the appointment of Mr Taylor as Chairman of Pioneer Underwriting.

Click here to read more at Pioneer Underwriting

Or alternatively, click here to read the full article at www.insuranceday.com (registration may be required)

Intelligent Insurer – Nick Cook, Opportunities in Asia Pacific

BMS Wholesale CEO, Nick Cook featured in Intelligent Insurer discussing the opportunities in the Asia Pacific market and why BMS has opened a Sydney office to offer something different to that market.

Click here to read the full article.

Press Coverage of Sydney Office Opening

BMS was pleased to open its Sydney Office on 3rd January 2013.

Click the links below for some of the media coverage:

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 launches global construction initiative

BMS announced the launch of its global construction initiative, responding to the needs of its clients around the world.

Gavin Madell, previously Director of Price Forbes’ Power and Construction business, joins the BMS Wholesale, Risk Solutions Team to lead the new initiative.

Click here to view the BMS Wholesale, Risk Solution Team Home Page

Media Links to this story:

Business Insurance Feature, click here to access the Business Insurance website

Inside Fac Feature, click here to access the Inside Fac website

Insurance Day Feature, click here to access the Insurance Day website

Global Reinsurance Feature, click here to access the Global Reinsurance website

Insurance Journal Feature, click here to access the Insurance Journal website

Press Coverage – New York Office

News of the BMS Manhattan office opening was widely covered in the press – acknowledging its significance in the continued growth of the BMS offering in the US.

Here is a selection of stories covering the opening:

Business InsuranceBroker BMS Group opens New York office

Global ReinsuranceBMS opens New York office

Reactions: BMS New York Office plans

Insurance insiderBMS targets US growth with New York office and CEO relocation

Insurance day BMS CEO’s New York move signals strategic focus on US growth

Post OnlineBMS opens in New York

Insurance JournalU.K.-based Broker BMS Group Opens New York Office

 

 

BMS opens New York office

Video: Carl Beardmore discusses the opening of the New York office – which is key for BMS and its continued expansion of the US platform.

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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”.