BMS raids Aon, WTW, Marsh, Gallagher to ‘significantly’ expand global business

Specialist re/insurance broker  BMS has raided the likes of Aon, WTW, Marsh and Gallagher as it looks to “significantly” expand its global business in a short period.

BMS has commenced operations in New Zealand, with the establishment of BMS Risk Solutions (BMSRS) and hiring of a number of “highly experienced” local specialists and leaders from across the risk advisory industry.

BMSRS will operate as an independent, New Zealand-owned extension of BMS Group under the leadership of industry leaders Storm McVay, Paul Meehan and David Gibbons.

The company said the new entity will have a “unique ownership model that is specifically designed to achieve stability and the attraction of industry leading talent.”

BMSRS’ initial team will include Wayne Henderson, who joins from Aon, Brett Gerrard from Gallagher, Sue Hale from Black Peak Risk, Josh Thomson from WTW, and Dominic Sheehan from Marsh.

Several other appointments have also been made, with the BMSRS team “set to expand significantly by the end of the year”. BMSRS also anticipates expansion into Auckland in 2023.

Nick Cook (pictured), BMS Group CEO said: “We are delighted to have partnered with such highly experienced and well-regarded industry leaders in Storm McVay, Paul Meehan and David Gibbons. BMS has had a close working relationship with them and their clients for many years so this is a natural progression as we look to broaden our global footprint.”

The relationship between BMSRS Executives and BMS Group dates back to 2008, and BMS Group provides wholesale broking services to a number of New Zealand Corporate and Institutional clients with requirements for tailored risk financing solutions including London market placements.

McVay commented: “ BMSRS has chosen to partner with BMS Group due to its unyielding focus on client driven outcomes. The collaboration from our Australian and UK colleagues has been exceptional and lays a solid platform for future success.

“Since commencing operations we have been humbled by the support of clients, and Insurers who have backed our vision and desire to establish a viable alternative to the traditional market players.”

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