BMS reveals new UK CEO, looks to double scale of specialty business

Specialist re/insurance broker  BMS has revealed a new chief executive officer (CEO) of its UK business as it looks to double the scale of its specialty business through the strategy of “selective growth”.

Ian Gormley (pictured) has been appointed UK CEO with immediate effect.

Gormley will report to Nick Cook, chief executive of  BMS Group. In his new role, he will be responsible for the continued growth and expansion of the company’s capabilities in London and Bermuda across all specialty lines both insurance and reinsurance

Since joining  BMS as managing director of global risks in 2012, Gormley has led  BMS's specialty business in London, doubling the platform into a multi-faceted global business with revenues of more than £100 million.

He has also built out  BMS's energy presence, developed a property team, advanced the financial products division, and established a global risks team in Bermuda for property/liability and specialty reinsurance. Prior to BMS, Gormley worked for seven years at Glencairn and has a background both in underwriting and broking.

Gormley said: “I am thrilled to become UK CEO. We plan to more than double the scale of our specialty business through selective growth with partners where we can bring in new capability or enrich current expertise.  BMS is a destination for talent and has a very inclusive culture in which we give our colleagues or teams the support they need to succeed. I look forward to bringing my passion for  BMS's people-led culture and my sector expertise to deliver the strongest possible outcomes for clients around the world.”

Cook added: “What marks Ian out is his exceptional strategic vision and leadership of BMS within the UK. He is  BMS through to his very fingertips and is highly regarded, enormously smart and has shown inspirational leadership skills. Ian has made a real contribution to  BMS's cultural values ensuring that D&I is integral to the company’s DNA. I’m delighted that he has taken on the role of UK CEO of  BMS which allows me more time to focus on global strategic growth across our whole business.”

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