Mullan likewise said, “Its a great honour to lead BMS Res operations in Bermuda. BMS has built a skilled and strong international group with an excellent corporate culture. I am happy to sign up with such a passionate and expert group and to aid in BMS Res continued and considered evolution. ”
BMS Re, the reinsurance arm of broking group BMS, has revealed the launch of its first main Bermuda office and the hiring of previous Alterra executive Adam Mullan to lead the office.The launch of BMS Re in Bermuda is the most recent step in BMS expansion of its worldwide reinsurance broking operation.
With a large US existence under Pete Chandler, BMS Re likewise has operations in London and Europe headed by Hannah Watkins and Andrew Wheeler and has more just recently broadened into the Latin American market led by Aidan Pope.
BMS Re likewise recently acquired Trean Intermediaries, as it aims to expand its property catastrophe reinsurance footprint.
For its Bermuda existence, BMS has actually employed Adam Mullan, the former CEO of Alterras international reinsurance and Lloyds underwriting operations.
Mullan will be accountable for constructing out BMS Res Bermuda operations, ending up being executive director when visa and regulative requirements are fulfilled.
Most just recently, Mullan worked as a specialist at Attestor Capital, working on non-executive consulting projects for insurance coverage and reinsurance acquisitions, company planning and method.
Formerly he was the CEO of Alterra Global Reinsurance and Alterra at Lloyds Limited where he led a team of approximately 180 people in the management and operations of Alterras Lloyds and international reinsurance organization.
Prior to Alterra, Mullan operated at ACE as Chief Underwriting Office for European markets.
Nick Cook, CEO of BMS, commented on the news, “BMS Res launch in Bermuda builds on the already strong existence we have on the island as a specialized broker and BMS Res expanding international footprint shows our commitment to the reinsurance broking company. We only expect this development to accelerate as we continue to invest substantially into business and into our actuarial and analytics capabilities through BMS Res Pathlight Analytics ™ platform.
” We are incredibly happy to have Adam leading our Bermuda operations, he has a distinguished profession and is totally lined up with BMS Res technique and vision. I d like to welcome him to the team and look forward to dealing with him on this interesting brand-new venture.”
Mullan likewise said, “Its a great honour to lead BMS Res operations in Bermuda. BMS has actually built a strong and skilled international team with a fantastic corporate culture. The group has the experience and ability required to efficiently service the needs of their growing customer base. I am thrilled to sign up with such a passionate and expert group and to assist in BMS Res continued and thought about development. “