...Investment completion also announce.
BMS Group has announced the appointment of Emmanuel Clarke as chair of the specialist (re)insurance broker.
Clarke, whose qualifications and credentials includes time spent as president and chief executive of PartnerRe, is succeeding John Hastings-Bass on September 28.
The latter on the other hand, will remain with the independent brokerage as chair of its UK and international operations.
Reacting to Clarke’s appointment, CEO Nick Cook stated 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 appointment 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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