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Julie Serakos to join panel at AIR’s Envision Conference

As the Earth’s climate is changing, the insurance industry is faced with complex challenges that have no simple answers. What does climate change mean for catastrophe modeling and the insurance industry in the next 10 to 15 years and beyond? How can insurers manage to regulatory mandates? BMS’s Julie Serakos, head of Catastrophe Analytics, will join an interactive panel discussion at AIR’s Envision Client Conference on Thursday 11 April and share her perspective on climate change’s implications for the (re)insurance industry.

Click here to see the full agenda.

BMS revenues grow 25% to exceed £100mn in 2018

BMS, the independent specialist insurance and reinsurance broker, today announces that in 2018 annual revenues for the first time exceeded £100mn, one of a number of financial landmarks achieved by the business over the course of the year.

Overall revenue grew by 25%. BMS’s London wholesale business posted particularly impressive results, growing revenue by 32%. BMS’s reinsurance division achieved an 18% revenue increase.

The US reinsurance operation has also been a key driver of BMS’s emergence as a leading independent global broker, with revenue increasing by 28%.

Hires in Australia, Bermuda and London, including a market-leading energy team joining the London wholesale business, contributed to BMS’s headcount swelling to over 390 employees. BMS continued to invest in technology and its Innovation Lab, to drive change within the company and the wider insurance industry. The initiatives have enhanced BMS’s service offering to both clients and markets, which in turn has improved efficiency and increased revenue.

Nick Cook, CEO of BMS, said:

“This remarkable result belongs to BMS staff, who have driven our group success over the past years. BMS’s independent, client-centric and employee-owned business model has proven its worth time and time again, attracting and retaining the market’s finest talent.

We are also investing in our US platform where we see significant opportunity to add value to existing and new clients in the US reinsurance and MGA space. Our independence matters, as US insurers’ options diminish with continued M&A in the reinsurance broking sector.

Our management team has consistently pursued an organic growth plan focused on delivering what BMS is renowned for: client-centric, flexible, independent broking and advice that delivers for our customers.”

BMS meteorologist Andrew Siffert speaks at RAA Cat Risk Management Conference

BMS RE US resident senior meteorologist, Andrew Siffert, presented at the RAA Cat Risk Management Conference in Orlando Florida on February 28th where he discussed “The Art of Insurance Loss Communication in the Digital Age”. 

He touched on how he uses social media and other digital information during times of catastrophes to better communicate the scope of catastrophic events. 

If your company would like more insight on his play book that can help separate fact from fiction, make smart assumptions, and effectively communicate the right message to management teams to drive the right response to a catastrophic event, please Contact Us.

BMS Expands Bermuda Operation

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces the build out of its Bermuda market operation with the hiring of George Bowring from Price Forbes and Kian Wookey from JLT.

The build out in Bermuda will focus on North American liability and property respectively.

Bowring joins BMS from Price Forbes, where he originally started seven years ago in the US Non Marine team. For the past three years, he has worked as a casualty producer and placing broker for the Bermudian market specialising in complex large risks.

Wookey has seventeen years’ experience in the US property and energy markets, working with a large network of US retail brokers. He most recently served as the head of property at JLT Bermuda, having moved to Bermuda from Lloyd and Partners in 2011.

Ian Gormley, director of BMS Group, said:

“BMS has a long history with the Bermuda market; we first opened on the island back in 2002. This latest build out enhances our ability to offer choice and local market knowledge on the island rather than remotely.

George Bowring’s experience and relationships will bring an extra dimension to the BMS Energy platform given Bermuda is a critical market for this sector.

With London market capacity tightening in the property space, Kian’s track record of success in the Bermudian market will be a timely addition to our placement capabilities, benefiting existing clients and creating new opportunity.”

BMS makes senior energy hire

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces the hire of Duncan Hayward as a Director in its Energy division. Hayward, who joins in 2019, will lead the casualty initiative within the Energy division.

Hayward joins with 14 years’ experience in the insurance market, most recently serving as a Divisional Director at Price Forbes. Prior to that, he served as an associate at JLT, having begun his insurance career as an Oil and Gas Broker at Agnew Higgins Pickering.

Ian Gormley, Director, BMS Group, said:

“Our London Wholesale platform has gone from strength to strength in recent years, with market-beating growth. We place exceptional value in our people and work hard to attract the very best talent in the market. Our client-centric and flexible model of broking, combined with our employee-ownership structure, lies at the heart of our success. We are very pleased that it continues to draw the best and brightest individuals from across the market and I would therefore like to welcome Duncan to our team.”

BMS expands in Australia with Senior Hires

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces that two senior leaders, Stuart Davies and Samantha Ford, have joined BMS Australia, effective immediately and reporting to BMS Australia CEO Andrew Godden.

Davies joins as a director with 25 years of industry experience in the UK and Australia, having most recently served as state manager for New South Wales at Gallagher. He has previously held senior roles at Aon and JLT, having begun his career as a sales executive at Hill House Hammond. At BMS, he will specialise in all aspects of corporate risks, including D&O and PI, as well as advising on placements across key emerging risk areas such as cyber, litigation risk (adverse costs), warranty and indemnity insurance and reputational risk.

Ford joins as a corporate broker with 15 years’ industry experience at Lloyd’s and in the Australian market. She began her career as an office administrator at Lloyd’s underwriting agency Booker International, before moving to Newline Group as syndicate administrator. She then moved to Marsh’s Australian division as an assistant account executive in 2006, before finally serving in a variety of senior roles at Gallagher’s Australian unit since 2008.

Andrew Godden said:

“At BMS we are always looking for the best and the brightest to join our team. We are a different kind of broker, client-centric, flexible and innovative. Our employee-ownership model means that our brokers are engaged and singularly focused on delivering market-beating client outcomes. Stuart and Samantha are fantastic additions to the team and will form part of our continuing strategic build-out in the region. I am therefore very pleased to welcome them to BMS Australia.”

BMS Group appoints Simon Kemp as group chief legal counsel

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces that Simon Kemp has been appointed group chief legal counsel, effective 1st November. Simon will be based in London and reports to Nick Cook, BMS Group CEO. He joins from Clyde & Co, where he is a partner, once he has joined BMS he will continue part-time at Clyde & Co as a Consultant.

Simon has practiced in the London market since 1984. His specialisms include coverage disputes with an international element, regulatory issues for businesses and individuals and employment law. He is also currently the joint editor of Thomson Reuters’ “Law of Insurance Broking”.

BMS Group CEO Nick Cook said:

“As BMS continues on a path of strategic growth and attracts talent in both established and emerging markets, the expertise and experience of individuals such as Simon becomes invaluable. We have ambitious plans, both internationally and in the London market, and, with Simon in place, we are confident in the knowledge that we have one of the leading legal lights in the sector. I would like to warmly welcome Simon to BMS and look forward to working with him.”

Simon Kemp said:

“BMS Group is a dynamic, growing and entrepreneurial business, one of the outstanding brokers in the market. There is huge ambition and appetite for growth, and I am very much looking forward to working with Nick and the team to take these plans forward.”

BMS continues expansion of energy division

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces the expansion of its Energy division with four hires. They will report to James Chicken, managing director of Energy and will join early next year.

Lynsey Green brings 20 years of experience to BMS. She joins from JLT, where she focused on North American Energy clients. Green began her career in the Energy division of Aon before moving to the Energy Casualty team at Agnew Higgins Pickering and Company in 1999 and then to Lloyd and Partners (part of the JLT Group) in 2010.

Kevin Page has over 30 years’ industry experience working for Sedgwick, Marsh and Price Forbes. For the past 10 years, he has focused on the power and nuclear sectors for both American and multi-national clients, providing technical insurance coverage analysis, policy wording development and client management at Price Forbes.

Robin Gibbs began his career at JLT in the natural resources team, before joining the power and downstream Energy team at Price Forbes in 2014. He is ACII certified and has a Master’s in economics and international business.

Darren Jones brings 28 years of industry experience to BMS, having begun his career with Marsh’s Marine & Energy division in 1990. In 2002, he became a part of Agnew Higgins Pickering (later JLT), where, among others, he was focussed on UK and US Energy accounts and establishing a Casualty offering for the Energy sector. He joins from Price Forbes, where he was part of the Power, Nuclear and Construction unit since 2010.

Ian Gormley, director of BMS Group, said:

“Sustaining exceptional client focused services is at the heart of our culture, and, as we grow, we continue to attract the industry’s leading talent to our entrepreneurial team. Lynsey, Kevin, Darren and Robin are well respected in their fields and their breadth of expertise compliments the knowledge within our growing energy division. We are a significant step closer to achieving our ambition of building the London market’s leading Energy team. I would like to offer them all a very warm welcome.”

BMS Group wins “Broker of the Year” at the Insider Honours

BMS is pleased to announce that we were awarded the title “Broker of the Year” at this year’s highly coveted and prestigious Insurance Insider Honours.

The award ceremony took place on 6th September at Old Billingsgate, London. The “Broker of the Year” category was open to all regulated insurance and reinsurance intermediaries serving the global P&C markets and was awarded to a company that could demonstrate continued incremental business expansion and improvement in turnover, margins and profits over the previous year.

Nick Cook, Chief Executive Officer of BMS Group, said:

“I am very proud to announce that at this year’s annual Insurance Insider Awards dinner, BMS won Broker of the Year. To win is recognition of our hard work, our innovation, our growth and our financial performance.  Winning Broker of the Year vindicates our group strategy. We have worked hard to develop our individual and collective excellence, built on the strong foundations of our entrepreneurial and team culture. Every employee across our entire business has contributed to BMS winning. My congratulations to everyone on this outstanding achievement”.

BMS Group gana el premio de “Broker del Año” de Insider Honours

BMS se complace en anunciar que recibió el premio de “Broker del Año” en la renombrada y prestigiosa gala de Insurance Insider Honours de este año.

La ceremonia de entrega de premios tuvo lugar el 6 de septiembre en Old Billingsgate, Londres. La categoría “Broker del Año” comprendía a todas las compañías intermediarias de seguro y reaseguro reguladas que prestan servicios a los mercados mundiales de seguros de Daños Materiales y Responsabilidad Civil. El premio sería otorgado a una compañía que pudiera demostrar incremento en su expansión comercial  de forma continuada y mejoras en los ingresos, los márgenes y las ganancias en el transcurso del año anterior.

Nick Cook, Consejero Delegado de BMS Group, afirmó lo siguiente:

“Me enorgullece anunciar que BMS ganó el premio como Broker del Año en la cena anual de entrega de premios de Insurance Insider de este año. Este premio es un reconocimiento al trabajo arduo, a la innovación, al crecimiento y al desempeño financiero que hemos logrado.  Ser ganadores del premio de Broker del Año consolida la estrategia de nuestro grupo. Nos hemos esforzado arduamente para desarrollar nuestra excelencia individual y colectiva sobre la base de los sólidos pilares de nuestra cultura empresarial y de equipo. Todos los empleados de la compañía han contribuido a que BMS reciba este galardón. Mis felicitaciones a todos por este destacado logro”.

BMS Group’s Australian wholesale operation rebrands as Lions Gate Placement Services

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces that its Australian wholesale broking operation has rebranded to Lions Gate Placement Services (“Lions Gate”), to mirror BMS Group’s wholesale underwriting agency Lions Gate Underwriting.

Lions Gate is led by Brett Field and will maintain its distinct character as a wholesale broking operation, operationally and structurally separate from the niche specialist broker BMS Australia, led by Andrew Godden. Lions Gate’s core business will continue to be Lloyd’s-supported liability and property placements, particularly in the construction, sport and hospitality areas as well as hard to place business.

Brett Field, managing director, Lions Gate, said:

“We are very pleased to announce the rebrand to Lions Gate, which will retain focus on our independent retail broking and underwriting agency partners. Our wholesale operation in Australia has earned a terrific reputation, combining local service, product innovation and expertise with direct access to Lloyd’s and the London market. We have ambitious growth plans in the sector and look forward to growing our partnerships in the region.”