BMS poaches two Price Forbes execs to expand US marine business

Specialist re/insurance broker  BMS has strengthened its US marine capability with two senior hires from  Price Forbes.

Nick Hocking and Tony Cuthbertson (pictured) have been appointed as directors of BMS's marine division. They will report to John Hoare, managing director of BMS marine, and will be based in London.

Hocking re-joins BMS after spending more than a decade at Price Forbes & Partners where he was most recently an executive director in the marine division. He was previously a marine hull broker at BMS in 2008.

Cuthbertson has more than 30 years of experience in marine insurance and also joins from Price Forbes & Partners where he has been an executive director since 2013. Prior to that, he served as a marine broker at Newman Martin and Buchan for 11 years.

Ian Gormley, managing director of the BMS Global Risks division, said: “We are delighted that professionals of Nick and Tony’s calibre have joined the team. Their vast experience and technical knowledge will bolster our offering and support our strategic ambition of expanding BMS’s US marine wholesale business.”

Hoare added: “ BMS is committed to providing extensive and successful insights to clients, driving market-leading outcomes for our growing US portfolio. Both Nick and Tony are great additions and will help to develop solutions for different specialty areas like hull & machinery, P&I, charterers’ liability, and other specialist covers across the region.”

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