Reinsurance broking deal expands Willis Re’s US broking capabilities across property and casualty and adds the BMS Capital Advisory business
Willis Re has completed its acquisition of BMS Re US, expanding its reinsurance broking and capital advisory capabilities in the US.
The transaction includes BMS Intermediaries Inc., BMS Capital Advisory LLC and the associated US reinsurance broking team based in London.
Willis Re said the acquisition strengthens its capabilities across property and casualty, including property catastrophe, medical malpractice and workers’ compensation.
The deal also provides a platform for further growth in the US, including expansion into additional lines of business.
BMS Re US provides reinsurance and capital solutions to clients across the US market.
Lucy Clarke, board member of Willis Re, said: “We are delighted to welcome the BMS Re US team to Willis Re.
“By bringing together our complementary strengths, we are creating a stronger platform for growth, with access to a broader global network, deeper market relationships and enhanced specialist expertise.
“This will support continued expansion, closer engagement and the delivery of greater value to our clients,” Clarke added.
No comments yet