BMS Group Limited appoints John Hoare as Managing Director, BMS Harris & Dixon Marine

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces the appointment of John Hoare as Managing Director of BMS Harris & Dixon Marine, BMS’s specialty marine division with immediate effect. John succeeds current Managing Director Tony Pryce, who will remain Chairman of the business. John and Tony will work closely together on developing the expanding portfolio of BMS Harris & Dixon Marine.

John brings 32 years of experience in the marine insurance industry. He most recently served as International Marine Director at H. W. Wood Limited, having joined H. W. Wood from Heath Lambert. He began his career in the insurance industry at Sedgwick in 1985.

Tony said: “John’s appointment comes at a vital moment for BMS Harris & Dixon Marine. We have been steadily growing our book of business, and John will play a crucial role in the continued build-out of our capabilities. It has been a privilege to lead the BMS Harris & Dixon Marine division for almost thirty years, and it is now time for an orderly and managed transition to a new generation of leadership. John embodies the values of client service we hold so dear at BMS, and I therefore look forward to working with him to ensure the continued success of the business.”
John said: “BMS Harris & Dixon Marine has an unparalleled reputation in the marine market and has gone from strength to strength in recent years since its integration into the BMS Group. With ambitious plans and an expanding portfolio, BMS Harris & Dixon Marine will be an absolute pleasure to lead. I am delighted to be joining BMS Harris & Dixon Marine and working with as experienced a figure as Tony.”

BMS Capital Advisory Facilitates Capital Raise by United Insurance Holdings Corp.

BMS Capital Advisory, Inc. (“BMS CA”) announces the successful completion of a $30.0m private placement of senior notes issued by United Insurance Holdings Corp. (NASDAQ: UIHC) (“UPC Insurance”) to funds managed by Twelve Capital Group, AG (“Twelve Capital”) an independent investment manager specializing in insurance investments across different asset classes.

Working proactively in the (re)insurance marketplace, BMS CA has quickly built a practice of identifying strategic capital needs from issuers, and originating effectively-priced solutions from diverse sources: traditional reinsurers, collateralized markets, ILS managers, and other institutional investors.

Romulo Braga, CEO of BMS CA, commented:

“We are pleased to have facilitated this successful issuance between a company primarily focused on financial stability for its policyholders and a dynamic source of capital, actively working to respond to the demands of the marketplace and providing flexible capital solutions.”

John Butler, Head of Investment Management at Twelve Capital added that

“Our Private Debt offering supports insurance companies in their quest to grow, strengthen and establish a more efficient capital base, and we are proud that UPC Insurance and BMS have chosen us as their partner for this transaction.”

He added,

“There is substantial potential for debt solutions for small- and mid-cap insurers, and this transaction is a prime example of the types of financing capacity that can be provided by Twelve Capital.”

The proceeds of the offering will primarily be used by UPC Insurance for general corporate purpose and to support the Company’s growth.

BMS CA is a broker-dealer registered with the SEC and a member of FINRA (www.finra.org) and SIPC (www.sipc.org).

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

BMS Group Limited launches Construction Unit with senior appointments

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces the launch of a new Construction Unit. Philip Maloney joins BMS as Managing Director to head the newly created unit, reporting to Ian Gormley, Director.

The team will focus predominantly on US and International CAR and EAR projects, amongst the other facets of Construction and Engineering insurance/reinsurance.

Maloney brings 21 years of experience in the construction and engineering sector. He most recently served at THB London, as Director of Construction and Engineering. Prior to that he was Partner – Construction and Engineering at JLT Re and previously Global Head of Construction and Engineering at AonBenfield Fac for six years. Philip will be joined by Scott Davison, previously a Partner within international Construction at JLT Specialty Ltd and Henry Morgan, also from international Construction at JLT Specialty Ltd.

Ian Gormley said: “Expanding our construction capabilities enhances the suite of products that we can offer to our existing and future client base. Phil Maloney is one of the leading lights of the broking sector, with a consistent track record of delivering growth and developing a successful book of construction business and we are convinced that he, alongside Scott and Henry, will prove valuable additions to BMS.”

BMS Re US announces acquisition of Advocate Reinsurance Partners, LLC in North America expansion

BMS Intermediaries, Inc. (“BMS Re US”), the independent specialist insurance and reinsurance broker, today (08 September 2016) announces the acquisition of Advocate Reinsurance Partners, LLC (“Advocate Reinsurance Partners”). Terms of the acquisition are not disclosed. Scott Brock, managing partner at Advocate Reinsurance Partners, will join the BMS Re US board.

Advocate Reinsurance Partners, founded in 2010, is a privately-held reinsurance intermediary for middle-market insurance carriers, captives, risk retention groups and other specialty insurance operations. Advocate Reinsurance Partners, headquartered in Dallas, Texas, operates primarily in the midwest and southeast of the United States, where they have established a significant presence in the Floridian and Texan markets.

Dane Douetil, CEO of Minova Group, said: “Advocate Reinsurance Partners is a long standing producer of business to our wholesale broking business and this acquisition is a natural extension of an already excellent working partnership. It is also a clear demonstration of our long term commitment to the US markets and provides significant scale and increasing relevance to our growing customer base.”

Andrew Bustillo, CEO of BMS Re US, said: “Advocate Reinsurance Partners has a proven track record of excellence in business origination and a robust brokerage pipeline. Combining the fantastic sales team at Advocate Reinsurance Partners with BMS’s extensive analytical and operational capacity will extend our geographic reach and further strengthen the high level of risk and advisory service we bring to our clients and carriers. I am delighted to welcome Scott and the Advocate Reinsurance Partners team to BMS.”

Scott Brock, managing partner of Advocate Reinsurance Partners, said: “We know the BMS team very well and we share similar cultures and values. We have great respect for their technical expertise, broad suite of capability and global distribution network. As a result, we know that this step will bring considerable benefit to our client base.”

BMS launches Melbourne-based affinity broking operation

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces the launch of a new affinity broking operation focused on Australia and New Zealand. The team will be based in Melbourne and led by Shamus Breen, working closely with BMS global affinity practice leader Brian Gomes.

Breen joins from Marsh, where he most recently served as national manager for consumer affinity. He brings more than twenty years of experience to BMS, having progressed through a variety of roles at Marsh including national manager for specialty and national manager for motor.

David Battman, CEO of BMS International, said:

“I am delighted to announce the launch of our Melbourne office, building on our existing wholesale and facilities broking offices in Sydney and Brisbane.

Globally, there is a growing market for our industry-leading online sales technology, which is serving us so well in Canada. By introducing this proven technology platform to Australia and New Zealand, using our new base in Melbourne, we are demonstrating our commitment to a market with significant growth potential. Shamus brings a wealth of industry knowledge and market contacts to the new BMS operation and we are convinced he will contribute significantly to the growth and development of our regional business.”

BMS Capital Advisory completes inaugural M&A transaction

New York, NY – BMS Capital Advisory, Inc. (“BMS Capital Advisory”, “Firm”), the broker-dealer arm of leading independent specialist insurance and reinsurance broking group BMS, announces the successful completion of its inaugural M&A transaction.

BMS Capital Advisory acted as the exclusive advisor to Mount Beacon throughout the company’s acquisition by Florida Specialty. In its role as advisor, BMS Capital Advisory acted on behalf of Mount Beacon and its shareholders to secure the successful closure of the deal prior to the US hurricane season.

Together, BMS Capital Advisory and BMS Intermediaries offer clients access to the resources needed to achieve their strategic goals through reinsurance transactions or access to the capital markets.

Romulo Braga, CEO of BMS Capital Advisory, said: “I am very pleased to announce the completion of BMS Capital Advisory’s first M&A transaction, which, along the private placements completed by the Firm to date, represents a key marker in our continued operational development. The BMS group is committed to impartially delivering the most effectively priced capital and integrated advice to our clients, and led by our Florida risk and capital expert, Steve Korducki, this transaction demonstrated our collective ability to provide clients with solutions that best serve their precise business demand.”

BMS Group appoints James Gordon to lead Cyber & Technology Division as Managing Director

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces the appointment of James Gordon as Managing Director of its Cyber and Technology Division. He will take up his position after serving his current notice period, reporting to Ian Gormley, managing director, BMS Risk Solutions.

Gordon has 13 years’ experience in the (re)insurance industry and joins BMS from Lockton Companies LLP, where he served as vice president, Global Technology & Privacy Practice (GTTP). Under Gordon’s leadership, the GTTP grew to become the largest such team in the London market, handling all kinds of technology, media and network security related business, predominantly for financial institutions, the healthcare and retail industries. Previous employers include Jardine Lloyd Thomson Ltd. and HSBC Insurance Brokers.

Ian Gormley, Managing Director, BMS Risk Solutions said: “I’m delighted that James will be joining BMS. Following the hire of Ryan Jones earlier this year, James’ appointment represents the next step in our ambition to provide a market leading cyber offering to clients. His track record in business development and market reputation for supplying cyber and technology expertise will be instrumental as we grow our presence in this sector.”

James Gordon said: “I’m very pleased to be joining BMS to lead the Cyber and Technology Division. This is an exciting time in the market as demand for cyber and technology expertise continues to exceed supply. BMS’ global presence and existing reputation for providing an unmatched level of client service provides the perfect platform from which to build a leading cyber and technology team.”

BMS Group appoints Ryan Jones as Director of Cyber Risk Intelligence

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces the appointment of Ryan Jones as Director of Cyber Risk Intelligence. He takes up his position with immediate effect, reporting to Ian Gormley, Managing Director, BMS Risk Solutions.

Ryan has extensive experience as a cyber risk specialist and has advised a number of (re)insurance brokers, Lloyd’s syndicates and (re)insurance businesses on cyber protection, risk management and building and managing enterprise risk management programmes. Ryan previously had a successful career as a Sergeant of Marines with the United States Marine Corps.

Ian Gormley, Managing Director, BMS Risk Solutions said:

“I’m delighted to welcome Ryan to BMS, whose hire represents another significant step in our plan to build a market leading Cyber Intelligence Division. His specialist technical expertise and broad knowledge of cyber security will play a key role in our continual drive to be a one stop shop for our clients, as we develop a broking team that’s devoted to providing cyber risk solutions to our diverse client portfolio.”

Ryan Jones commented:

“I’m very pleased to be joining BMS. Cyber risks and exposures are complex, varied and continually evolving in the way they are assessed by both insurers and insureds. BMS’ internationally recognised brand offers the perfect platform from which to build and develop a team of devoted cyber experts who will facilitate cyber risk solutions for both existing and new clients.”

BMS team raises over $140,000 for homeless youth of New York

BMS Intermediaries is delighted to report the successful participation and fundraising achievement of its team who took part in the first Covenant House (re)insurance industry Sleep Out, on September 27th 2015.

Covenant House, a charity based in North and South America, supports homeless youth with the provision of essential services and the tools to build a brighter, independent future.

Seven members of staff took part in the event, spending a night on the streets of New York with their guests, equipped only with a sleeping bag and a cardboard box. In total, the BMS team raised over $140,000, contributing to the overall funds raised of more than $470,000.

They were:

• Andrew Bustillo, Chief Executive Officer
• Kristine Westall, Chief Operations Officer
• Dawnmarie Black, Senior Vice President
• Romulo Braga, Senior Vice President
• Jack Hickey, Senior Vice President
• Gavin Brennan, Assistant Vice President
• Mike O’Connell, Intern

“The efforts made by the BMS team, including our guests from other companies, towards raising sponsorship and awareness around the (re)insurance industry’s first Sleep Out, is testament to this industry’s commitment towards making a positive impact on surrounding communities. The funds raised from this event will make an immediate difference to the lives of homeless young people supported by Covenant House, providing food, clothing, shelter, counselling and job training to those who need it most. As Board Chair of Covenant House I’d like to reiterate our thanks to all those that took part, as well as the co-workers, clients and families that gave their time and sponsorship to the event.”
Andrew Bustillo

So far this year, over 56,000 children have been helped by Covenant House. BMS are looking forward to taking part in the event again next year, with the hope of supporting Covenant House’s continued provision of essential services to young homeless people.

BMS and friends posing

For more information about Covenant House and their work, please visit:
www.covenanthouse.org

BMS Australia announces launch of Brisbane office and the appointment of Sam Mayne as Director

BMS Group Ltd. (“BMS”), the independent specialist insurance and reinsurance broker, today announces the launch of its Brisbane office and the appointment of Sam Mayne as Director of Wholesale and Facilities, reporting to Brett Field, CEO of BMS Australia.

Sam has over 13 years’ experience as a broker to the international insurance markets and joins BMS from Cooper Gay (Australia), where he served as Head of Wholesale. He started his career at Denis M. Clayton, now JLT Re, where he progressed to be manager of the global facilities team. In 2013, Sam relocated from the UK to Australia, where he continued to specialise in the binding authority and wholesale space as a Director at JLT Re.

Brett Field, CEO of BMS Australia, said:

“It gives me great pleasure to welcome Sam to BMS as we launch our Brisbane office. The Brisbane operation will increase our territorial reach and, as the only independent Lloyd’s broker with local Australian offices, goes further to demonstrate our commitment to the Australian market.”

Sam Mayne commented:

“I am delighted to be joining BMS and am very excited about contributing to the continued growth of the Group’s Australian business. BMS’ reputation in the market for finding entrepreneurial solutions for stakeholders via its strong, established relationships in Australia, Singapore and London, gives us a competitive advantage in our ambition to grow a market leading portfolio of business.”