New chair joins BMS Group

New chair joins BMS Group | Insurance Business Asia

Insurance News

New chair joins BMS Group

Completion of investment also announced

Insurance News

By
Terry Gangcuangco

BMS Group has appointed Emmanuel Clarke as chair of the specialist (re)insurance broker.

Clarke, whose credentials include time spent as president and chief executive of PartnerRe, succeeded John Hastings-Bass on September 28. The latter, meanwhile, will remain with the independent brokerage as chair of its UK and international operations.

Commenting on Clarke’s appointment, CEO Nick Cook said in an emailed release: “His successful build out of PartnerRe’s global reinsurance business during his 25-year tenure alongside his experience with progressive, data, digital, and technology-driven financial models will immediately contribute to BMS.

“Similarly, I am delighted that John has agreed to stay with BMS. Under his chairmanship we have seen astonishing growth, and I, along with all of BMS, thank him for his indispensable role in our success.”

Investment completion

Coinciding with Clarke’s arrival was the formal completion of Eurazeo’s investment in BMS following receipt of regulatory approval. Eurazeo is the French private equity firm that valued BMS at £1.75 billion in December 2022.

“With the closure of this transaction, we move into 2024 on a wave of momentum with the capital required to further drive our vision of becoming the independent specialty insurance and reinsurance broker of choice,” Cook declared.

“Our people are quite exceptional, and as we mark this critical juncture in BMS’ growth, I owe them a special thanks for their dedication and commitment to delivering extraordinary service to our clients. This significant investment not only brings new capital and resource to BMS but to our clients and the market as a whole.”

Employing 1,200 people globally, BMS has 33 offices in 16 countries.

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