BMS Capital Advisory, Inc. appoints Bustillo as a principal

New York, NY – BMS Capital Advisory, Inc. has named Andrew Bustillo, President & CEO of BMS Intermediaries, as a Principal of the firm effective immediately. Currently serving as the Chairman of the board of directors of BMS Capital Advisory, Inc., Mr. Bustillo will, in his new leadership role, leverage his extensive network among (re)insurance underwriters, risk distributors and capital providers to originate and execute opportunities in the marketplace.

Together, BMS Capital Advisory and BMS Intermediaries offer clients access to the resources needed to achieve their strategic goals through reinsurance transactions or access to the capital markets. “We firmly believe in providing integrated solutions to our clients within a dynamic insurance marketplace.” Rom Braga, BMS Capital Advisory’s CEO said, “and having an industry veteran like Andrew as a Principal of our firm increases our ability to deliver tangible industry experience on each and every mandate.”

Mr. Bustillo commented: “At BMS, we have embraced the convergence of the (re)insurance and capital markets, and have an unwavering commitment of securing capacity required by our clients and prospects from the most cost-effective source. Operationally, we will continue to promote a disciplined and integrated strategy by breaking down internal silos, facilitating the flow of proprietary intellectual capital, and ultimately delivering the associated benefits and customized solutions to our customers.”

Mr. Bustillo holds an MBA in Finance & International Business from NYU Stern School of Business and graduated from Middlebury College with a BA in Economics & Spanish. He is married with three children. He is Chairman of the Board of Covenant House International, the largest privately funded provider of support to homeless and trafficked youth in the Americas.

BMS appoints John Hastings-Bass as Non-Executive Chairman

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.

BMS Group grows Specialty Reinsurance Division with appointment of Steven Herbert as Director

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces the appointment of Steven Herbert as Director of its Specialty Reinsurance division, reporting to Andrew Hitchings, Managing Director.

Steven joins BMS from Cooper Gay & Co Ltd (“Cooper Gay”) where he was a Director of the Reinsurance division as well as Head of LMX and Offshore Energy. He began his career at EW Payne where he held various roles, later becoming Director of the Marine Reinsurance department. He has subsequently held senior positions at AJ Gallagher, the Park Group, and as a Director of AON’s Marine Reinsurance division.

Andrew Hitchings, Managing Director of BMS Specialty Reinsurance, said:

“I’m delighted to welcome Steven to the Specialty Reinsurance team. We see enormous potential in the specialty reinsurance market and Steven’s appointment demonstrates our commitment to this sector. His depth of understanding and experience will add value for our clients and play a key part in the division’s ongoing strategic development and growth.”