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BMS News

Height of innovation

John Faustman, EVP, Reinsurance – P&C, joined in the discussion in Business Insurance Magazine about how Lloyd’s of London still leads the way and in terms of reinsurance, it is still the pre-eminent market for complex facultative risks, offering greater flexibility than other markets.

Visit the Business Insurance website for the full article.

Catastrophe Models

Kirk Bitu, SVP BMS Intermediaries, Inc, responsible for all Catastrophe Modelling services – featured in Insider Quarterly Summer edition discussing the need for modelling in the market.

Visit the Insider Quarterly website for the full article.

Catastrophe Modelling – New models & the Atlantic wind season

As the Atlantic wind season begins, David Spiegler, EVP & Chief Actuary, features in the Global Reinsurance Special Report: Financial Modelling. He highlights how cat modelling has massively improved the ability of companies to understand where their exposures are and manage those risks more affectively.

Read the PDF of the full article.

For more from Global Reinsurance visit their website at

BMS appoints global expert as Head of Wholesale Claims

Independent global broker BMS today announced that Steve Ferns has agreed to join its Wholesale division as Head of Claims. His responsibilities will include helping BMS to build its client offering with a best-in-class back office platform. His property and construction claims handling experience encompasses North America, Latin America/Caribbean, Africa and Asia Pacific.

Steve Ferns commented: “BMS’ appeal was its independence – which offers an opportunity for innovation without red tape. Joining an organisation that has a clear vision of what it wants to achieve and a commitment to making claims servicing the best in the business is a platform that I look forward to contributing to.”

Nick Cook, CEO Wholesale, added: “We want to offer our clients seamless service and I am delighted that someone of Steve’s calibre, breadth of knowledge and reputation has agreed to become part of our expanding team of experts.”

Prior to joining BMS, Ferns was Property Claims Director at Lockton LLP for over ten years and before that was a Wholesale Claims Manager with PWS Holdings. He will join BMS in September once his contractual obligations have been met and will be based in the London office.