New chairman joins BMS Group

New chairman joins BMS Group | Insurance coverage Enterprise America

Funding completion additionally introduced

New chairman joins BMS Group

Insurance coverage Information

Terry Gangcuangco

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 impartial brokerage as chair of its UK and worldwide operations.

Commenting on Clarke’s appointment, CEO Nick Prepare 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, knowledge, digital, and technology-driven monetary fashions will instantly contribute to BMS.

“Equally, I’m delighted that John has agreed to stick with BMS. Underneath his chairmanship we now have seen astonishing development, and I, together with all of BMS, thank him for his indispensable function in our success.”

Funding completion

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 impartial specialty insurance coverage and reinsurance dealer of alternative,” Prepare dinner declared.

“Our persons are fairly distinctive, and as we mark this vital juncture in BMS’ development, I owe them a particular thanks for his or her dedication and dedication to delivering extraordinary service to our purchasers. This vital funding not solely brings new capital and useful resource to BMS however to our purchasers and the market as an entire.”

Using 1,200 individuals globally, BMS has 33 places of work in 16 nations.

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