BMS
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In the more extreme of two scenarios, Ian could mimic 1921’s Tarpon Springs hurricane at a cost in the double-digit billions, BMS said. -
The business has retained Evercore to advise on future funding options.
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The storm is currently moving over the Dominican Republic and headed for Bermuda.
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The expansive broker has also hired Mario Binetti from Everest Re as head of casualty treaty and actuarial.
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Nick Gillet will take up the role in January 2023 and work closely with Peregrine Towneley and David Battman.
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Germán Torres-Ortíz, who joins from Carpenter Marsh, will start work on 29 August.
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The transaction is part of BMS’s strategy to branch out of its Miami, Florida base.
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The team will be based in London and report to Chris Ritchie, managing director of international direct and facultative at BMS.
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The former managing director is tasked with continuing specialty (re)insurance growth in London and Bermuda.
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The acquisition is the seventh for BMS in the past two years.
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The pair are to exit amid a stream of departures from the Odyssey-owned intermediary.
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The new hire joins from Tysers, where she spent more than five years, most recently as director of North American executive and financial risks.
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