Transactional liability
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The Jay Rittberg-led program manager kicked off a strategic process in August. -
Stephan Simon left BMS in June 2024 after almost three years in the role.
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The firm offered W&I cover with capacity of up to £16mn per transaction.
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Other MGAs in the transactional-liability class are also expanding into the US.
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The MGA secured a “significant strategic investment” from Zurich earlier this year.
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Abbas Juma has spent more than seven years at Howden M&A in various senior roles.
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The executive joins from MSIG USA.
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Giles has spent more than five years at Themis Underwriting.
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An M&A senior analyst and M&A underwriter for emerging markets are also set to depart.
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The MGA has set a "new market benchmark" for non-US primary tax risk, it said.
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Plus, the latest people moves and all the top news of the week.
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Sources said that the NY-based TL underwriter has retained Piper Sandler to run the process.
