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New chairman joins BMS Workforce

New chairman joins BMS Workforce | Insurance coverage Industry The united states

Funding final touch additionally introduced

New chairman joins BMS Group

Insurance coverage Information

By means of
Terry Gangcuangco

BMS Workforce has appointed Emmanuel Clarke as chair of the specialist (re)insurance coverage dealer.

Clarke, whose credentials come with time spent as president and leader government of PartnerRe, succeeded John Hastings-Bass on September 28. The latter, in the meantime, will stay with the unbiased brokerage as chair of its UK and world operations.

Commenting on Clarke’s appointment, CEO Nick Cook dinner stated in an emailed unlock: “His a success construct out of PartnerRe’s international reinsurance trade all the way through his 25-year tenure along his revel in with modern, information, virtual, and technology-driven monetary fashions will right away give a contribution to BMS.

“In a similar fashion, I’m overjoyed that John has agreed to stick with BMS. Underneath his chairmanship we’ve observed astonishing expansion, and I, together with all of BMS, thank him for his indispensable position in our luck.”

Funding final touch

Coinciding with Clarke’s arrival used to be the formal final touch of Eurazeo’s funding in BMS following receipt of regulatory approval. Eurazeo is the French non-public fairness company that valued BMS at £1.75 billion in December 2022.   

“With the closure of this transaction, we transfer into 2024 on a wave of momentum with the capital required to additional power our imaginative and prescient of changing into the unbiased uniqueness insurance coverage and reinsurance dealer of selection,” Cook dinner declared.

“Our individuals are slightly remarkable, and as we mark this essential juncture in BMS’ expansion, I owe them a distinct thank you for his or her determination and dedication to handing over ordinary provider to our purchasers. This crucial funding no longer best brings new capital and useful resource to BMS however to our purchasers and the marketplace as an entire.”

Using 1,200 other people globally, BMS has 33 places of work in 16 nations.

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