BMS
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The broker is understood to manage Brown & Brown’s account at Howden. -
Alliant is in the process of moving the ~$1bn of business it places with Howden to other wholesalers.
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Stephan Simon left BMS in June 2024 after almost three years in the role.
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The carrier started writing construction in Lloyd’s following the acquisition of Probitas.
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Rafael Diaz, Tiara Elward and Felipe Murcia will join BMS’s LatAm and Caribbean unit.
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The broker has a longstanding trading relationship with US retailer Alliant.
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The executive said the industry can continue to grow by embracing emerging threats.
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Are intermediaries facing tougher times as the broking supercycle winds down?
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Plus, the latest people moves and all the top news of the week.
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The executive has taken up board positions after stepping down as CEO of Hannover Re.
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Based in London, the executive joined BMS nine years ago after a stint as MD at AJ Gallagher.
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The executive joined BMS in 2022 after three years as deputy CEO at Carpenter Marsh Fac.
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Rasher also has offices in Seville, Cordoba, Valencia, Malaga, Granada and Pamplona, as well as Latin America.
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The storm caused major damage to one of the drinks company’s warehouses in Tennessee.
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Restrengthening to Category 5 is still possible, Siffert warns.
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The executive also worked at JLT Re as head of LatAm and Caribbean analytics.
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The broker’s reinsurance business has doubled in the past five years – but DR&P provides diversification.
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The move follows the recent appointment of Aon’s Brad Melvin as US president and CEO.
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Anthony Mirabal will work closely with Juan Carlos Gomez, who will become president for the region.
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This publication reported Melvin’s hire on Wednesday.
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Former CEO Pete Chandler had stepped down and assumed a vice chair role in January.
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The executive will report to London-based BMS director Alex Shephard.
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The broker previously indicated it has ambitions to hit £750mn in revenues by 2028.
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Farah Nelson will report to recently appointed group CFO Charlie Rozes.
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A round-up of all the news you need today, including the possible sale of Hiscox and a new CFO at BMS.
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Rozes will take over from Nick Moss, group finance director, who is retiring.
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The broker’s energy division has welcomed a string of hires in the past year.
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The director has also worked at Tysers during his 20+ year career.
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The broker has worked for WTW, Lockton and AJ Gallagher.
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The broker said there was an opportunity to take advantage of competition to improve outcomes for clients.
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Listen in as BMS UK CEO Ian Gormley shares key takeaways from RIMS, changing dynamics in the property E&S market, and BMS expansion plans in 2024.
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The Miami-based executive will leave in July after over four years with the (re)insurance broker.
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Further hires included Scott Fields and Stephanie Fick, both appointed senior vice presidents.
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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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The French firm will acquire up to 34% of the broker’s share capital.
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The French firm saw off competition from Nordic Capital and Permira.
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The executive is to join the UK specialty unit as an advisor.
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Richard Wynn, Phil Gander and Peter Nyonyintono are tasked with expanding BMS’s specialty capabilities.
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Permira, Nordic Capital and Eurazeo are in the frame to back the broker.
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The family-run business deals in industrial risks and professional sports coverage.
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Before joining BMS Re, Christopher Larson spent 24 years at QBE Re, helping to expand the (re)insurer’s North American operations.
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The broker’s sustained hiring has driven it to hit revenues of £250mn in 2022.
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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.
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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.
