Latest news with #BMSGroup
Yahoo
24-05-2025
- Business
- Yahoo
BMS Group expands in Turkey with Oria purchase
BMS Group has acquired Istanbul-based Oria Sigorta ve Reasürans Brokerliği, expanding its presence within the Turkish insurance sector. Financial terms of the deal remain undisclosed. The move is part of BMS Group's plan to extend its reach into the Middle East and enhance its capabilities in providing client-focused solutions. Established in 2019, Oria offers corporate insurance and employee health benefits solutions. The acquisition is expected to bring more 'competitive' and 'holistic' services to both local and international clients, and insurance partners. BMS Turkey CEO Kerim Gürkan said: "This is an integration of two like-minded businesses. Over the past three years, BMS has established itself in Turkey as a leading specialty broker with strong international capacity. Now, by joining forces with Oria's experienced team and local insight, we enter an exciting new chapter – broadening our client base and deepening the value we bring to both clients and insurance partners, locally and globally." Oria owner and chairman Cenk Erden, along with executive vice-president Remzi Duman, will join the Board of BMS Turkey. The combined operations will operate under the name BMS Group Sigorta ve Reasurans Brokerligi. Erden added: "This partnership brings together Oria's local market knowledge with BMS's international strength and vision. It is a natural fit built on shared values and a commitment to delivering high-impact, high-value solutions. We are thrilled to join BMS and contribute to its ambitious growth journey." This continues BMS Group's acquisition spree, which includes David Roberts & Partners in the UK and Rasher in Spain. Additionally, BMS Group is planning to foray into the Dubai International Financial Centre, pending regulatory approval. Last month, BMS Group appointed Jean-Jacques Henchoz as Board chairman, effective 1 May. "BMS Group expands in Turkey with Oria purchase " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
09-04-2025
- Business
- Yahoo
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. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
21-03-2025
- Business
- Yahoo
BMS Group finalises purchase of insurance broker Rasher
Reinsurance brokerage BMS Group has concluded the acquisition of Spanish insurance broker Rasher following the receipt of regulatory approvals. The deal, whose financial terms remain undisclosed, was announced in December 2024. The move is expected to enhance BMS Group's capabilities in Iberia and Latin America. Rasher is known for its expertise in surety, credit, finance and risk management solutions for corporate clients. The company is based in Spain, with subsidiaries in Colombia and Peru. Gabriel Raya, the former CEO of Rasher, will take on the role of chief growth officer at BMS in Iberia and join the BMS Iberia board of directors immediately. In the new role, he has been tasked with driving the expansion of Rasher's Latin America subsidiaries. BMS Group CEO Nick Cook said: "We are excited to officially welcome Rasher to BMS Group. Expanding our global platform and capabilities remains a key priority in our growth strategy, and bringing Rasher on board is a significant step forward. In addition, Gabriel's wealth of experience and expertise will be invaluable as we continue to grow together. We look forward to the journey ahead." Raya added: "Joining BMS Group is a very exciting step for Rasher and we look forward to exploring new opportunities with our clients in each region, relying on the capabilities of BMS Group.' In December 2024, BMS also completed the acquisition of UK broker David Roberts & Partners (DR&P), initially announced in July 2024. This transaction is reported to be BMS' largest acquisition to date, creating a business that manages more than £8bn ($10.35bn) in gross written premiums. Set up in 1980, BMS Group offers insurance, reinsurance and capital markets advisory services, with offices across the US, Canada, Latin America, Australia, Europe and Asia. "BMS Group finalises purchase of insurance broker Rasher " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
