Funding completion additionally introduced
Insurance coverage Information
BMS Group has appointed Emmanuel Clarke as chair of the specialist (re)insurance coverage dealer.
Clarke, whose credentials embody time spent as president and chief govt of PartnerRe, succeeded John Hastings-Bass on September 28. The latter, in the meantime, will stay with the unbiased brokerage as chair of its UK and worldwide operations.
Commenting on Clarke’s appointment, CEO Nick Cook dinner stated in an emailed launch: “His profitable construct out of PartnerRe’s world reinsurance enterprise throughout his 25-year tenure alongside his expertise with progressive, information, digital, and technology-driven monetary fashions will instantly contribute to BMS.
“Equally, I’m delighted that John has agreed to stick with BMS. Below his chairmanship we now have seen astonishing progress, and I, together with all of BMS, thank him for his indispensable position in our success.”
Coinciding with Clarke’s arrival was the formal completion of Eurazeo’s funding in BMS following receipt of regulatory approval. Eurazeo is the French non-public fairness agency that valued BMS at £1.75 billion in December 2022.
“With the closure of this transaction, we transfer into 2024 on a wave of momentum with the capital required to additional drive our imaginative and prescient of changing into the unbiased specialty insurance coverage and reinsurance dealer of alternative,” Cook dinner declared.
“Our individuals are fairly distinctive, and as we mark this essential juncture in BMS’ progress, I owe them a particular thanks for his or her dedication and dedication to delivering extraordinary service to our purchasers. This important funding not solely brings new capital and useful resource to BMS however to our purchasers and the market as an entire.”
Using 1,200 folks globally, BMS has 33 workplaces in 16 international locations.
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