BMS expands into new market

BMS expands into new market | Insurance Business Australia

BMS expands into new market

Specialist re/insurance brokerage BMS Group has launched its Asia broking operations, headquartered in Singapore, with proposed operations in Hong Kong also awaiting regulatory approval.

According to a statement from the company, BMS Asia will initially focus on M&A insurance broking, augmenting the group’s existing business in the UK, Canada and Australia.

Sandra Lee has been appointed CEO of BMS Asia. She will be joined by Martijn de Lange and Aris Wong, managing directors in the regional private equity, M&A and taxation operation, and Amy Fu, as executive director in Singapore.

Lee has over 16 years of legal and insurance experience, having extensively advised leading international private equity and corporate investors on the legal aspects of their M&A transactions, as well as placement of various M&A insurance solutions.

“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,” said Nick Cook, CEO of BMS Group. “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. We hope our ambition and entrepreneurial culture will continue to attract the very best talent in the market.”

Lee added: “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.”