BMS Group names ex-Hannover Re CEO as new board chairman
Specialist reinsurance broker BMS Group has appointed Jean-Jacques Henchoz as its board chairman, with the role to be handed over on 1 May.
Henchoz was latterly the CEO and executive board chairman at Hannover Re.
He has executive and board-level experience, including a stint of more than two decades at Swiss Re, where he held various leadership roles.
BMS Group CEO Nick Cook said: 'Jean-Jacques' extensive industry credentials will be invaluable to us, and we expect to see sustained growth for BMS under his chairmanship. In addition, we are eager to benefit from his valuable strategic insights as we move forward as a scaled-up, thriving, global business.
'He is a proven industry leader with the ability to navigate complex challenges and identify dynamic opportunities, and I am confident that his vision will foster quality growth and innovation in our operations.'
Hannover Re achieved double-digit earnings growth during Henchoz's six-year tenure as CEO, BMS Group said in a statement.
This contributed to the doubling of Hannover Re's market capitalisation and its subsequent inclusion in Germany's DAX-Index, the statement added.
Henchoz added: 'I look forward to contributing to the next chapter of BMS Group, building exciting new partnerships and strengthening existing ones.
'Joining the Board of a leading brokerage firm presents an attractive opportunity for me to leverage my global reinsurance industry experience, while supporting an agile, client-focused organisation that helps companies navigate the challenges of today and the future.'
The latest deal continues BMS Group's recent acquisition spree.
Last month, BMS acquired Spanish broker Rasher. This followed the December 2024 acquisition of UK-based David Roberts & Partners, and earlier last year, the acquisition of a majority stake in United Arab Emirates broker Berns Brett Masaood.
"BMS Group names ex-Hannover Re CEO as new board chairman" was originally created and published by Life Insurance International, a GlobalData owned brand.
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