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:

BMS Opens Sydney Office

BMS Group, the leading independent global broker, today announced the opening of its Sydney office. This marks another significant strategic goal for the group, with its first office in the Asia-Pacific region.

The office will be led by respected Australia-based facultative broker, Glenn Kerr. Kerr, formerly of Aon Benfield, joins the BMS Wholesale team led by Chief Executive Nick Cook. He is tasked with leading the continued growth of BMS’ wholesale and facultative business in the Asia-Pacific region.

Chief Executive Nick Cook said:

The opening of our Sydney office demonstrates BMS’ commitment to expanding the global wholesale division and further enhances our product offering to our clients. Strategically Asia Pacific is fundamental to our growth plan and under Glenn’s leadership we look forward to building our platform in the region.”

Insurance Day – Alasdair Ritchie Reputational Risk Feature

MD of the BMS Wholesale, Professional & Financial Services Team – Alasdair Ritchie’s article discussing the hot topic of Reputational Risk featured in Insurance Day today.

To read the full article, click here.

Copyright of Insurance Day Magazine, reproduced with their kind permission, please click here to access the Insurance Day website

To read more about the BMS Wholesale, Professional & Financial Services Team, click here.

 

BMS hires Glenn Kerr to spearhead its push into Australia and the Asia-Pacific region

BMS Group, the leading independent global broker, today announces that it has achieved another major strategic goal with the appointment of respected Australia-based facultative broker, Glenn Kerr.

Kerr, formerly of Aon Benfield, will join the BMS wholesale team, led by Nick Cook, upon completion of his contractual notice period. He will be based in Sydney and his role will be to lead the continued growth of BMS’s wholesale and facultative business in the Asia-Pacific region.

BMS Wholesale CEO, Nick Cook said:

As we continue the expansion of our wholesale and facultative platform, I am delighted that we have secured an individual of such high calibre. Glenn is a highly respected broker and producer and will be key to the growth of our business in the region.

Glenn Kerr said:

Having initially been attracted by its independence, I am thrilled to be joining BMS at such an exciting time. The Asia-Pacific region is a growing area and has enormous potential for both facultative and wholesale business. I am pleased to be leading the charge on behalf of such an innovative and entrepreneurial company.”

BMS launches global construction initiative

BMS announced the launch of its global construction initiative, responding to the needs of its clients around the world.

Gavin Madell, previously Director of Price Forbes’ Power and Construction business, joins the BMS Wholesale, Risk Solutions Team to lead the new initiative.

Click here to view the BMS Wholesale, Risk Solution Team Home Page

Media Links to this story:

Business Insurance Feature, click here to access the Business Insurance website

Inside Fac Feature, click here to access the Inside Fac website

Insurance Day Feature, click here to access the Insurance Day website

Global Reinsurance Feature, click here to access the Global Reinsurance website

Insurance Journal Feature, click here to access the Insurance Journal website

Chris Ritchie, Risk Solutions, Profiled in Insurance Day

Chris Ritchie, Director BMS Wholesale – Risk Solutions, featured in a profile piece in Insurance Day on 20th January. The profile covered his career in insurance, his love of rugby, future plans at BMS, industry heroes and on a lighter note, his favourite food and holiday destination.

To read the full article please click here

For more about the BMS Risk Solutions team – please click here

 

This article is copyright Informa and is reproduced with permission. Reproduction, retrieval, copying or transmission of this article is not permitted without the publisher’s prior consent. Informa does not guarantee the accuracy of the information contained in this article nor does it accept responsibility for errors or omissions or their consequences.

This article appeared in Insurance Day on January 20, 2012. For more information visit: www.insuranceday.com