BMS Group announces new division

BMS Group announces new division | Insurance Business

BMS Group announces new division

There’s a new division at BMS Group.

The independent specialist (re)insurance broker has created a private equity, mergers & acquisitions (M&A), and tax insurance division, to be headed by the unit’s managing director Tan Pawar. The division will begin operating in the New Year, with Pawar coming onboard on completion of contractual obligations.

“BMS is growing at pace: we have the capital backing, global platform, and broking talent to be the world’s leading independent insurance and reinsurance broker,” stated BMS Global Risks managing director Ian Gormley. “We have identified a significant gap in the market to provide tailored products for corporate M&A transactions and will be expanding significantly in this space.”

Pawar is a qualified corporate and M&A solicitor whose credentials include time spent as senior vice president at Paragon International Insurance Brokers where he co-formed the M&A insurance division in 2014. He also previously served as divisional director for international M&A and transaction services at Willis.

“I am delighted to be joining BMS, a leading independent global broker backed by long-term capital, at this exciting time in the company’s development,” commented Pawar. “There is significant need in the M&A insurance space for more bespoke and innovative solutions, and BMS has the scale and firepower to deliver this to the M&A and private equity community.”