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BMS – 2012 Best Places to Work in Insurance

BMS has been selected as one of the 2012 Best Places to Work in Insurance and Winner in the Reinsurance Broker category, in the 4th annual survey organized by US publication Business Insurance Magazine and Best Companies Group. The survey was open to all US team members.

BMS CEO, Carl Beardmore said:

I am incredibly proud of this achievement. This marks another strategic goal for BMS as we continue towards our stated vision of being the broker of choice and best place to work.

We will continue to grow BMS by optimising our people and attracting the best that the insurance market can offer – fostering an environment where people can thrive and develop their careers in a flexible, innovative environment. We view this award as a first step towards being seen as the place to work in the industry and look forward to the group winning many more in the future.”

BMS has made significant investments over the last 18 months in expanding its US platform with new offices in New York, Chicago, Philadelphia, Atlanta, Santa Monica and Minneapolis. It has increased its headcount in the US considerably, with more than 70 new team members joining in the last 18 months. Alongside best-in-class brokers, BMS’ focus has been on attracting industry-respected actuaries, catastrophe modelers, claims and contracts experts, to augment its client offering.

As an employee-owned company, BMS has the freedom to shape its proposition around its people and clients. The ethos is one where the staff manage the culture and environment, built around team member engagement and staff communities that feed into and work closely with the leadership team. Free from administrative disadvantages and red tape when implementing innovation or change, the operational infrastructure and expertise is in place to invest in progressive ideas and really maximize potential.

Press Coverage – New York Office

News of the BMS Manhattan office opening was widely covered in the press – acknowledging its significance in the continued growth of the BMS offering in the US.

Here is a selection of stories covering the opening:

Business InsuranceBroker BMS Group opens New York office

Global ReinsuranceBMS opens New York office

Reactions: BMS New York Office plans

Insurance insiderBMS targets US growth with New York office and CEO relocation

Insurance day BMS CEO’s New York move signals strategic focus on US growth

Post OnlineBMS opens in New York

Insurance JournalU.K.-based Broker BMS Group Opens New York Office

 

 

Interest in Insurance-linked Securities Rises

25 September 2011

Stefano Nicolini joined in the discussion, during the Monte Carlo Conference, around the rise in investment in insurance-linked securities (ILS). After the catastrophe-heavy first quarter of 2011, particularly the affects of the Japanese earthquake,  many felt the necessity to spend on increased industry loss warranties (ILW) and as Stefano commented, the price rose in correlation with demand. However, he added that post-Hurricane Irene demand has slowed somewhat and prices had begun to flatten out.

To read more, please click here to go to The Business Insurance website.

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.