BMS Group, the independent specialist insurance and reinsurance broker, yesterday announces the launch of its Asia broking operations, headquartered in Singapore and with proposed operations in Hong Kong pending regulatory approval.
BMS Asia will initially focus on M&A insurance broking, enhancing the group’s existing capabilities in that class of business in London, Canada and Australia, according to a company statement.
Ms Sandra Lee will be CEO of BMS Asia and is joined by Mr Martijn de Lange and Ms Aris Wong, who will be managing directors in the regional Private Equity, M&A and Taxation (PEMAT) operation, and by Ms Amy Fu, who is executive director in Singapore.
Mr Nick Cook, CEO of BMS Group, said, “This is the latest stage in our strategy to provide our clients with a competitive and diverse, globally integrated offering by establishing scalable hubs in the key insurance markets around the world. The M&A insurance market in Asia is evolving and maturing at pace, and we are delighted that Sandra and the team will be driving our initial offering in the region.
“We will look to expand out from M&A insurance into additional specialisms, extending our existing areas of expertise into other sectors, potentially including reinsurance, renewable energy, marine, and capital markets.”
Ms Lee said, “The creation of BMS Asia is a really exciting development for insurance buyers in the region. As a leading independent broker, we can offer a genuine alternative to the world’s largest intermediaries and our independence gives us the freedom to be innovative and entrepreneurial and thus pursue the very best solutions for our clients.
“Growth in the Asian M&A insurance market is accelerating and we expect a robust increase in deal flow in 2021, with buyers looking for ways to protect their investments and sellers seeking the best solutions to reduce their liability post closing.”
BMS Group is a leading independent specialist re/insurance broker with teams of experts in the fields of reinsurance, wholesale and direct insurance. For 40 years, BMS has provided comprehensive, customised solutions in the fields of wholesale, reinsurance and direct insurance, and capital advisory.