Independent specialist insurance and reinsurance broker BMS has announced the appointment of Bruce Murdock (pictured above) as managing director at BMS Capital Advisory. Murdock will report to Romulo Braga, CEO of BMS Capital Advisory.

Murdock has more than 30 years of experience in the insurance and financial services industry. Prior to BMS, he served at Lockton Capital Markets, most recently as managing director and head of insurtech. Murdock also held a number of senior positions at Sheumack & Co., IRC Securities and Macquarie Capital (USA), and served as a managing director at Fox-Pitt Kelton Inc. Group (now Swiss Re Group). He began his career in 1990 as an underwriter at XL Group.

“BMS continues to support clients with comprehensive advice on select capital markets engagements, applying our team’s extensive industry knowledge and understanding of client needs to drive market-leading outcomes for carriers, programme carriers and investors,” Braga said. “Bruce will be a great addition to the team as we continue to expand our capital advisory services at BMS. His broad market relationships with corporate, venture and private equity investors, as well as his experience in leading a number of new insurtech capital advisory engagements, will play a key part in executing our growth strategy. We are therefore very pleased to welcome Bruce to the team.”