BMS nabs AIG talent to operations c-suite role in reinsurance unit

Global re/insurance brokerage BMS plucked a senior reinsurance leader from AIG for a c-suite role at its reinsurance broking arm BMS Re. 

John Canavan steps in as chief operating office at the reinsurance unit as of May 1 with a remit to “direct BMS Re’s operational expansion” from digital and technological capabilities to collaboration with its London and Bermuda operations.

Canavan joins from AIG where he was the global COO of reinsurance, the latest stop in a career that has also been deep into the broking side via tours at Willis Re and Guy Carpenter. BMS Re claims to like his “proven track record of driving high-performance global teams” as it “looks to further scale” following a period of organic and M&A growth. 

Chris Brook, Group COO, commented: “Drawing from over four decades of invaluable experience in the US reinsurance market, John brings a wealth of expertise to BMS Re. His unparalleled insight will be instrumental as we continue to expand our reinsurance business. With John working alongside Andrew and me, our team’s paramount focus remains steadfast: placing our clients at the forefront of every decision we make. We're thrilled to have him join the BMS family.”

Canavan added: “BMS Re is not only undergoing a period of impressive growth but it is also balancing that with a culture and a reputation for superior client service. I have always been drawn to opportunities where I can contribute to growth but in the right way. In BMS Re I see exactly that. I’m delighted to be joining the team and look forward to supporting the drive to further build on BMS Re’s impressive growth.”

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