BMS boosts financial lines unit with hire from Ryan Specialty Group

Specialist re/insurance broker BMS Group has bolstered its financial lines team in Latin America & the Caribbean with a senior hire from Ryan Specialty Group.

David Overton has joined as a director, reporting to Daniel Court. He will be based in Miami.

Overton has 21 years’ experience of placing and underwriting complex risks across a broad spectrum of classes. He has worked as a broker at several London broking houses, including Integro, and as an underwriter for international financial lines business at Barbican Syndicate 1955 and Allianz Global & Corporate Specialty (AGCS). Most recently, he served as head of sales at EmergIn Risk (Ryan Specialty Group) in its Miami office, offering cyber to Latin American and Caribbean clients.

Court said: “BMS is a recognised expert broker in Financial Lines in Latin America & the Caribbean. David’s strong background in cyber liability insurance allows us to offer our clients an additional advisory service in this market segment as well, providing access to premium Financial Lines/Cyber cover and top notch broking capabilities.”

Jose Astorqui, CEO of BMS Latin America, added: “BMS’s global platform and the team of experts in different markets facilitate our comprehensive service to clients in Latin America & the Caribbean. David’s experience and technical underwriting expertise both at Lloyd’s and in the London company market will help strengthen our position as the independent broker of choice for Financial Lines in the region. I would like to welcome him to the team.”

Overton commented: “I’m delighted to be joining BMS Miami to further enhance this team of highly skilled reinsurance professionals. BMS has an outstanding reputation in the market. With disruption in the local marketplace, clients can rely on us to offer specialty support that others cannot. I look forward to working closely with such a talented team and providing high-quality services to clients in the region.”