John Hastings-Bass, former Gallagher Chairman of International Development and JLT Group director, has been appointed Non-Executive Chairman and director of BMS, subject to regulatory approval. He will also chair the BMS Risk and Compliance committee. John has over 35 years’ experience in the insurance and reinsurance sectors.
He succeeds Christopher Hopton who remains Chairman of Minova Insurance Holdings, the London based insurance group that owns BMS Group.
BMS Group CEO, Nick Cook, said:
“John’s appointment to lead our board is another exciting development for BMS. He brings with him extensive industry knowledge, an unmatched level of global market insight and a track record of providing strategic counsel to growing businesses. I look forward to working with him as we make headway into 2015 and have no doubt that he will be instrumental and invaluable in our ongoing strategic planning and development. Everyone at BMS joins me in thanking Christopher Hopton for his support and wise counsel during a period of considerable development for BMS.”
Commenting on his appointment, John Hastings-Bass added:
“ I am very excited about joining this vibrant business. Nick and the BMS team have a clear strategy to take advantage of the significant opportunities in the market place. With the support of our shareholder, Minova Insurance Holdings, we have the financial resources to continue to strengthen BMS in our chosen markets.”
John began his career in Hong Kong with Jardine Matheson in 1976, later moving to London where he was PLC Director, Business Development of Jardine Insurance Brokers (JIB), working with the CEO to develop the corporate strategy that resulted in JIB’s 1997 merger with Lloyd Thompson to form Jardine Lloyd Thompson. In 1997, he became Group Board Director, CEO International Business Group, leading JLT’s strong growth across the UK, Australia and New Zealand, Asia, Europe, North and Latin American markets.
He joined Arthur J. Gallagher (“AJG”) in 2007, as Chairman, International Development, leading the Asia Pacific business. During his time with AJG, John was Chairman of AJG’s international energy business, Alesco and led the successful restructuring of the company’s Australian business and the creation of a Singapore office. He became MD, Underwriting & Development in 2013 before stepping down from the company at the beginning of 2015.
John remains Non-Executive Chairman of Novae Group plc, the leading property and casualty (re)insurance business operating at Lloyd’s.