BMS Re, the independent reinsurance broker, has launched BMS Re in Bermuda.
Adam Mullan has been named as executive director to lead the business, pending immigration and regulatory approval. He joins from Attestor Capital where he was a re/insurance consultant, working on non-executive consulting assignments for re/insurance acquisitions, business planning and strategy.
Mullan has held a number of senior roles, including as chief executive officer (CEO) of Alterra Global Reinsurance and Alterra at Lloyd’s where he led a team of approximately 180 staff in the management and operations of Alterra’s Lloyd’s and global reinsurance business. At Alterra he led the acquisition team in targeting and acquiring its Lloyd's Managing Agency and establishing its Latin American operation across three countries. He also led the team in setting up Alterra’s Zurich business in 2011.
BMS Re has already established a major hub in the US, led by Pete Chandler, and also has operations in London and Europe headed by Hannah Watkins and Andrew Wheeler. It recently expanded into the Latin American market, with operations there led by Aidan Pope.
Nick Cook, CEO of BMS, said: “BMS Re’s launch in Bermuda builds on the already strong presence we have on the island as a specialty broker and BMS Re’s expanding global footprint demonstrates our commitment to the reinsurance broking business. We only expect this growth to accelerate as we continue to invest significantly into the business and into our actuarial and analytics capabilities through BMS Re’s Pathlight Analytics platform.”
Mullan added: “BMS has built a strong and talented global team with a terrific corporate culture. The group has the experience and capability required to effectively service the needs of their growing client base.”
BMS Re, Adam Mullan, Nick Cook, Hannah Watkins, Andrew Wheeler, Aidan Pope, Pete Chandler