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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.”

Julie Serakos, Head of Cat Analytics, Radio Broadcast

Head of Cat Analytics, Julie Serakos was featured in a Minnesota Public News Climate Cast broadcast focusing on the economic impact of climate change.

2012 was an expensive year for insurers. Global economic losses from natural and man-made disasters totaling $186 billion. Extreme weather events in the United States were the most expensive — Hurricane Sandy alone caused $70 billion worth of damage.

Julie was interviewed for the Climate Cast broadcast by Kerri Miller and MPR News’ Chief Meteorologist Paul Huttner, they utilised much of that interview in their discussion, while Julie’s recorded expert commentary featured in the first portion of the radio programme.

Click here to access the edited transcript of their conversation and to listen to the full broadcast.

Click here to learn more about our Analytical Services Offering.

 

 

Mike Larson – Expert Column in Physician Insurer

BMS Group’ EVP of Analytical Services, Mike Larson details the latest trends in the medical professional liability sector, and offers some savvy commentary on what he’s observed.

Click here to read the full article.

Reprinted from the first Quarter 2013 issue of Physician Insurer Magazine, Physician Insurers Association of America. Copyright, 2013

VIDEO: BMS Analytical Services – Innovative Solutions

Julie Serakos, Head of Cat Modeling, discusses the importance of the innovative solutions that the BMS Cat Analytics offering provides to clients and the proactive attitude that ensures this department of experts gives the client exactly what they need and more.

(more…)

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.”

Mike Hollenbach – Physicians Insurer – MPL Feature

BMS Specialty Casualty Team EVP, Mike Hollenbach’s feature article on the MPL market and the repercussions of the Affordable Care Act on that market appeared in the 4th Quarter of the Physicians Insurer Magazine.

Click here to read the full article.

Reprinted from the fourth Quarter 2012 issue of Physician Insurer Magazine, Physician Insurers Association of America. Copyright, 2012.

Click here to read more about the BMS Specialty Casualty Offering

BMS iVision honoured at London Market Awards

Our proprietary BMS iVision™ portfolio management system was honoured at the London Market Awards on 29th November 2012. The management system was highly commended in the Technology Initiative of the Year award. The awards were coordinated by Insurance Day.

BMS iVision™ is 100% owned by BMS, built on leading edge technology and built to our clients’ specifications to manage their individual risk. It is like no other system available today.

Click here to read more.

To read more about iVision and the BMS unique Analytical Services Offering please click here.

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.