BMS is a dynamic, independent, global broker established in 1980, delivering specialist insurance, reinsurance, and capital markets advisory services. The company is known for its strong local focus and understanding of market needs, as well as its innovative and entrepreneurial approach to providing better solutions to policy development and placement.

BMS Group

Wholesale Risk Solutions

BMS Group is a leading independent specialist (re)insurance broker, providing comprehensive, customised solutions in the fields of wholesale, reinsurance, direct insurance, and capital advisory through our teams of experts. 

We are a global brand with offices located across the US, Canada, Latin America, Australia, Europe and Asia with both a strong local focus and thorough understanding of market needs.

Our teams are respected globally for their specialist market knowledge, intelligent analysis and insight.

Our people strive to be 'the best in class' and with an innovative approach and their entrepreneurial thinking, our clients truly benefit from better solutions to policy development and placement. 

Being independent makes a key difference to our clients, allowing our brokers the freedom to deliver the best solutions, tailored to meet specific business needs. Coupled with our collaborative team approach, single platform worldwide and renowned personal service, we are the independent broker of choice.

Preservation Capital Partners

Eurazeo

This week, we are celebrating National Apprenticeship Week! 

To mark the occasion, we asked our current apprentices to share their thoughts on their journey with us so far, as well as offering advice to those considering an apprenticeship.
 
If you’d like to apply for our September 2024 intake or learn more about the variety of schemes and roles we have on offer at BMS Group, click the link: https://bit.ly/3sDnPS5
 
#insurance #reinsurance #apprenticeship #growth

Since the introduction of Warranty and Indemnity (W&I) insurance / Reps and Warranty insurance, the global M&A space has become increasingly more complex, with policies being adapted for cross-border dynamics. 

Such complexities include the notable gap that emerges in policies when US buyers are acquiring assets in the UK/Europe and APAC.

For insights into how our Private Equity, Mergers & Acquisitions, Secondaries and Tax team navigate these M&A challenges, click the link: https://bit.ly/3SVkmMN

#insurance #mergersandacquisitions #privateequity #warrantyandindemnityinsurance

We are delighted to announce Rob Neighbour will be joining us at BMS as Divisional Director of Energy, following the completion of his contractual obligations. 
  
Rob will report to alex collier, Director of Energy.

Commenting on the appointment, James Chicken, Managing Director of Energy, says: “Rob has an exceptional reputation with both clients, brokers and markets and his relationships enhance and complement those of the current team. As soon as he is free to join us he will greatly strengthen our upstream and midstream expertise. We are proud to continue to attract market-leading talent, which continues to reflect our commitment to our broker partners and clients to provide them access to great people, great service and great outcomes.”
  
We look forward to you joining us, Rob.

To read the full press release, click the link: https://bit.ly/3w3W36b 
  
 #insurance #reinsurance #growth #newhire

We are thrilled to announce that we have received multiple nominations for the upcoming Cyber Insurance Awards! 

We are honoured to have been recognised in three distinguished categories: Cyber Insurance Broker of the Year, Rising Star in Cyber Insurance (Simon Meech) and, Inspiring Woman in Cyber Insurance (Monica Tigleanu, CISSP). 

These nominations are a testament to our teams dedication and expertise in the ever-changing field of cyber insurance, and we are delighted to have been included and recognised among industry leaders. 

#insurance #reinsurance #cyber #awards

The medical professional liability (MPL) industry has faced challenges in generating underwriting profits since 2014.

While there are signs of improvement with better rate adequacy and a decline in pandemic-related exposure, the sector still grapples with volatility due to increased severity from large verdicts.

Fortunately, investment returns are aiding surplus growth as reinvestment rates have bounced back from extreme lows. The MPL carriers exhibit a robust overall balance sheet strength, marked by redundant loss reserves.

To learn more about our observations in the MPL market, click the link to hear from our experts: https://lnkd.in/dC4nEHbR

#insurance #reinsurance #medicalprofessionalliability #malpractice

Pete Chandler will be stepping down in his position as CEO of BMS Re, transitioning to a strategic, client-focused role as Vice-Chair of BMS Re. Pete will remain a Director on the US board. 

Andrew Wheeler and Russell D. McGuire have been appointed as interim co-CEO’s, responsible for the broking teams across the US, executing continued growth strategies, and ensuring a smooth leadership transition.

Pete comments: “Now is the right time for me to step away from the day-to-day CEO role of BMS Re having achieved what we set out to do when I joined the business. I am extremely proud of what we have built, we have grown into a business that we are all incredibly proud of and it has been my enormous privilege to have led it and worked alongside my amazing colleagues. I cannot wait to go back to what I love the most, helping our clients better their businesses and working closely with our fantastic teams across the US and around the world.

I will be focusing my time on the company’s key clients and working directly with them in assisting with their growth plans, capital requirements and supporting Nick Cook, Group CEO, to put in place the next generation of leaders within this fantastic company”.

Over the past 4 years, Pete has brought about significant growth for BMS Re, with the Group now a force in the global reinsurance broking space with offices across the US, London, Bermuda, Turkey, Latin America, and Asia.

Speaking on Pete's remarkable achievements, Nick Cook comments: “The foundations of BMS Re’s success owe an immense amount to the total dedication of Pete who can be hugely proud of all he has achieved. Under his leadership, we saw BMS Re revenues and EBITDA triple as well as the hiring of over 175 new colleagues in the past 4 years. BMS Re is poised for its next stage of growth and investment, and I greatly look forward to 2024.”

To read the full press release, click the link: https://bit.ly/3SEC8nf

#insurance #reinsurance #growth #CEO

Monica Tigleanu, CISSP, Cyber Strategy Director at BMS Group, will be speaking at the upcoming Cyber Risk and Insurance Innovation Europe event in London.
 
The event aims to tackle the many challenges and issues currently affecting the cyber insurance space. Attendees can expect to gain valuable insights into the current state of the cyber market, with a focus on key concerns regarding cybersecurity risk, assessment, underwriting challenges, and growth opportunities.
 
To register for the event, click the link: https://bit.ly/47edNZP 
 
 #insurance #reinsurance #cyber #event

We are excited to announce that we will be attending Miami Reinsurance week from 12 – 16 February.
 
This year, we will have a fantastic team of BMS Re representatives in attendance, and you will have the opportunity to meet some of our experts, including: Juan Carlos Gomez Olmos, Jose Leão, Gabriel Iniesta, Roberto Salmeron, Sandra Levandovski, Manolo Camacho, Manoela Barbi Kukli, Pedro Carvalho, Juan Felipe Reyes Moncada, Caroline Califa, Andres Rincon, Natasha Anne Mitchell González, Paul Galvin, Paul Goodwin, Beatriz Fortuoso, Charlie Skipworth-Button (ACII), and Emily Weighton.

We look forward to reconnecting with familiar faces, and forging new relationships and partnerships throughout the week.
 
 #insurance #reinsurance #conference #miamireinsuranceweek2024

The conclusion of Governmental stimulus packages after the Covid-19 pandemic has triggered the highest inflation in 30 years. 

This surge in inflation has, in turn, resulted in a significant rise in company insolvencies, evidenced in the UK where insolvencies have seen a substantial 63% increase in 2023 compared to the figures recorded in 2021.

In this document, our Private Equity, Mergers and Acquisitions, and Tax team discuss how the M&A and Tax insurance market has proven resilient amid the uncertainty, providing strategic support beyond the traditional disposal process. 

To hear more from our experts, click the link to read the full article: https://lnkd.in/e8XgHsfe

#insurance #mergersandacquisitions #privateequity #distresseddeals

At BMS Group, we are dedicated to building a culture of belonging for all, valuing diverse perspectives and embracing authenticity.

Our commitment is reflected in the launch of several company initiatives to drive conscious inclusion and positively impact the communities around us. 

This document outlines our approach to diversity, equity, and inclusion, empowering and encouraging every colleague to actively contribute to our collective success, creating a workplace where everyone can thrive.

We look forward to pursuing this focus as we continue to shape a brighter, and more inclusive future.

#insurance #reinsurance #diversityequityinclusion #community

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