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BMS News

The year of the independent broker?

Nick Cook features in the Inside Fac debate around 2011 being the year of the independent broker. Nick highlights the BMS strategy of investment in people and superior business offering as how an independent, like BMS, will move from under the shadow of the ‘big three’.

Visit the Inside FAC website for the full article.

Mexican Wave – Tim Paske explains the offshore risks in the Gulf of Mexico

Tim Paske features in the Insurance Insider – Global Energy & Power Market Review 2011.  The Gulf of Mexico is unique, both in its vulnerability to hurricane damage and its offshore risks. Tim explains the way risks are placed in the Gulf and the wider implications of the already busy 2011 catastrophe year.

Visit the Insurance Insider website for the full article.

BMS finalist at the prestigious British Insurance Awards 2011

BMS is a finalist at the prestigious British Insurance Awards 2011 in the Technology Award category for its innovative iPad initiative. The initiative has created a buzz in the market place demonstrating it is possible, with the right platform and technology, to make paperless trading a viable reality.

Visit the Post Online website to view the video

Energy – overcapacity: Getting plugged in

Tim Paske, Director BMS Group, features in Post:

… increased reserving, I don’t see the shape of the market changing that much,” he says. Tim Paske, director of specialist reinsurance broker BMS Intermediaries, says he believes … years, energy has produced some strong profits.” No knee-jerk reaction According to Mr Paske, there is also widespread acceptance that rates are going up, even …

Visit the Post website for the full article

Reactions Japan quake pushes ILW pricing up

Stefano Nicolini, SVP Retro, features in Reactions:

Prices for industry loss warranties have increased an average of 20%, broker BMS tells Reactions. Price decreases in the industry-loss warranty (ILW) market have been halted by the Japanese earthquake and tsunami.

Stefano Nicolini, senior vice-president and ILW specialist at BMS, reports that the broker has been busy so far this year, placing 14 ILW contracts. He says these were mainly focused on US regional perils.

Visit the Reactions website for the full article

Death of Bin Laden not expected to raise stand-alone terror rates

Gregg McPhee, Director Direct and Facultative, features in Business Insurance:

Gregg McPhee comments on the current rates of terrorism cover and increased chance of terror attacks…

Visit the Business Insurance website for the full article

 

Early warning systems offer best hope for disaster prevention

Lloyd’s News – Lloyd’s reviews Japan’s disaster preparedness and how the March 2011 earthquake and tsunami proved that early warning systems are still vital to disaster prevention…

Visit the Lloyd’s Website for the full article

ILW prices could rise by 50%

Stefano Nicolini, SVP Retro, features in Global Reinsurance:

Stefano Nicolini, SVP Retro, discussed in Global Reinsurance the potential for ILW prices to rise even more significantly, in light of the Japanese earthquake, if there are anymore catastrophe events in the coming months…

Visit the Global Reinsurance website for the full article

Developments in Reinsurance

Alasdair Roe, Vice President, features in Risk Retention Reporter:

Click here to view a PDF of the article

For more information please visit the Risk Retention Reporter website:  www.rrr.com

 

Retro revolution

Jonathan Morris, Managing Director BMS Retro, features in Global Reinsurance:

Fully collateralised catastrophe cover has helped to fill some of the pressing needs of the retro market since the hurricanes of 2005 dented capacity. But is it still too far outside the mainstream to achieve the key players’ goal of meeting all buyers’ reinsurance needs?…

Visit the Global Reinsurance website for the full article