BMS Re nabs Gallagher-Willis defector to run infant Bermuda operations

Specialist re/insurance broker BMS Group has picked up a Willis-Gallagher defector to run its infant reinsurance brokerage operations in Bermuda, then drew from Everest Re to fill out the department.

Chris McDowell will become CEO of BMS Re Bermuda late November after clearing out of his current post as CEO of Gallagher Re Bermuda, formerly Willis Re Bermuda. Prior to this, McDowell had worked at Aon Benfield as CEO of Global Re Specialty in Bermuda.

Mario Binetti also joins as head of casualty treaty and actuarial for BMS Re Bermuda, arriving from Everest Re Bermuda, where he served as head of casualty treaty underwriting and actuarial. Before this, he was senior vice president and chief actuary at JRG Re in Bermuda.

BMS Re Bermuda's executive chairman Adam Mullan commented: "BMS Re’s independence and resolute commitment to our clients is attracting some of the industry’s leading talent. Following our launch of BMS Re Bermuda in Q4 2021, these hires signify our commitment to building an exceptional team.

BMS Group CEO Nick Cook added: “There is huge opportunity in Bermuda for an independent broker of BMS’s ambition. The investment BMS continues to make in talent, innovation and analytics make it the leading independent broker in the market. BMS Re’s goal is not to be the biggest, but to continue delivering solutions to our growing client base with an unwavering focus. We will never lose sight of the fact that the quality of the products we deliver to our clients is at the very heart of our culture and is essential to their success. These hires demonstrate our continued commitment to building a formidable team.”

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