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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.”

 

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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.

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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

New Terrorism Consortium

BMS is pleased to announce that Tim Paske’s team has established a terrorism consortium on behalf of Channel Syndicate 2015.

The team will work closely with Head of Specialty at Channel Syndicate 2015 Grant Witheat. The consortium has a capacity of $27.5m and is able to write all classes of terrorism business both marine and non marine related.

Grant said:

The TCS Political Violence Consortium enables Channel to position itself as a valuable market leader for terrorism and political violence business within Lloyd’s. BMS have provided Channel with the mechanism to fulfill our potential.”

 

To learn more about Tim Paske and his team, click here:

To learn more about Channel Syndicate 2015, click here:

Asia Insurance Review – Glenn Kerr

The opening of the Sydney Office featured in the Asia Insurance Review.

Click here to read the full article.

Copyright of Asia Reinsurance Review Magazine, reproduced with their kind permission, please click here to access their website: www.asiainsurancereview.com

BMS launches new Lloyd’s Market Global Miscellaneous Professional Liability Lineslip

BMS Group, the independent global broker, today announces it is launching a Lloyd’s Market Global Miscellaneous Professional Liability Lineslip, the largest the London Market has seen to date. The lineslip will assist Lloyd’s brokers marketing initiatives in providing a framework to access London-based and subscription market-focused insurer capacity. The security behind the facility is 100% Lloyd’s capacity.

The lineslip targets mid and large-sized professional firms with a predominantly US-based exposure profile and offers brokers fixed pre-determined markets for specific classes of business. It offers limits up to the following:

• USA: Up to US$25mn any one claim including costs and expenses / up to US$50mn in the aggregate including costs and expenses

• UK: Up to £15mn any one claim including costs and expenses / up to £30mn in the aggregate including costs and expenses

• Rest of the World: Up to £15mn any one claim and including costs and expenses (or currency equivalent) / up to £30mn in the aggregate including costs and expenses (or currency equivalent)

The jurisdiction is worldwide and can accept up to 100% exposure in the United States.

Alasdair Ritchie, Managing Director at BMS, commented:

BMS Wholesale is dedicated to providing the best access to the Lloyd’s market for our partners globally. This new lineslip is another tool to make that access easier reiterating our position as broker of choice for our clients.”

Intelligent Insurer – Nick Cook, Opportunities in Asia Pacific

BMS Wholesale CEO, Nick Cook featured in Intelligent Insurer discussing the opportunities in the Asia Pacific market and why BMS has opened a Sydney office to offer something different to that market.

Click here to read the full article.

Press Coverage of Sydney Office Opening

BMS was pleased to open its Sydney Office on 3rd January 2013.

Click the links below for some of the media coverage:

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.

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