BMS
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The broker has made a string of hires in its upstream energy division.
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The team of brokers worked for the recently acquired Protean Risk.
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The unit will target Northern European M&A within the next six months.
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Leahy has worked in the London market for almost a decade.
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The broker made a number of energy hires from Price Forbes and Miller last year.
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He is succeeded by interim co-CEOs Andrew Wheeler and Russ McGuire.
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Camacho joins BMS after over three and a half years at Tysers, where he served as vice president based in South Florida.
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The executive said the broker was primed to take advantage of sector tailwinds, and continue attracting talent.
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A completion of the investment by the continental PE firm has coincided with the appointment of Emmanuel Clarke as BMS Group chairman.
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Our virtual roundtable polled senior industry figures on the biggest questions facing the reinsurance industry. Today, we look ahead to the influences steering M&A market conditions.
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The executive will work out a long notice period at his current employer before joining the independent broker next year.
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The executive will sit on the executive committee and work on cultivating new client relationships.
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Insurance Insider has gathered data on geographical areas prone to cat events, which are outside of southeastern US states, that keep weather experts awake at night.
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The acquisition is led by former Capsicum and Guy Carpenter fac broker Márcio Ribeiro.
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The state of Texas in particular has experienced an unusual amount of severe weather.
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This will be the sixth Australian acquisition by BMS in the past year.
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The broker will also work to support traditional reinsurance and retro activities.
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The Big Three reinsurance brokers face a number of factors that could challenge their supremacy.
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The broker’s UK CEO said the current rating environment is ‘eminently supportable’ for London carriers.
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Juan Carlos Gomez will report to CEO of BMS International Nick Gillett.
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The deal is the expansive broker’s first MGA acquisition in the country.
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GC’s Steve Housse and AJG’s James Elliott have resigned to join the challenger reinsurance broker.
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Leather, who is set to join in summer, will report to group finance officer Nick Moss.
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The broker said competitive conditions made it an “optimal time” for insurance buyers.
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High tornado activity at the end of the quarter is expected to add to the claims toll.
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Monica Tigleanu will be succeeded by Simone Hardy, who has been appointed senior underwriter, joining from The Channel Syndicate.
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Mario Binetti will be responsible for leading Conduit’s global casualty underwriting team.
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Ex-Miller broker Andrew Vertigan will also join BMS’ energy team as it looks to strengthen its service offering.
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The appointment comes soon after the broker hired Louise Rothschild from Price Forbes.
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In her new position, the executive will oversee the South American region, excluding Brazil.
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According to sources, Caroline Eyre will join BMS as managing director of construction.
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CEO Nick Cook said the company also plans to invest in an international MGA strategy and a capital advisory unit, with 149 hires budgeted this year.
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Cargo movement has been elevated following a sustained period of rate hardening.
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While BMS has achieved a solid price and a favourable investor structure, there are signs of a cooler M&A market ahead.
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