BMS Re, the specialty reinsurance division of global broking group BMS, has announced appointments in the US and the UK to strengthen its facultative practice and drive expansion in key markets.
Steve Housse has been appointed as managing director and facultative practice lead, while Dan Shea has been named senior vice president of property facultative. Both will be based in Atlanta.
Housse has extensive experience in the property facultative space, having previously led the US property practice at Guy Carpenter. His role at BMS Re will focus on expanding the company's US property and energy offering.
Shea, formerly of Lockton Re, joins BMS Re with expertise in the hybrid, facultative obligatory, and industrial sectors.
In addition to these appointments, James Elliott, currently a managing director at Gallagher Re, will join BMS Re as managing director and facultative practice lead in the UK once his current contractual obligations are completed in March 2024. Elliott and Housse will work together as global leads, collaborating with the group's business leaders to develop a comprehensive global facultative network.
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“We are thrilled to welcome Steve, Dan and James to BMS Re,” said Ian Gormley, UK CEO of BMS Group. “Their expertise and experience are invaluable and will be instrumental in providing creative solutions, better serving our clients. The global facultative practice initiative will revolutionize the way that we work with insurance and reinsurance clients alike across BMS and the global market. Our culture and lack of silos continue to attract talent to BMS and enables us to deliver innovative solutions across territories and specialisms at a time when our clients need it most.”
“We are delighted to be entering this new phase of growth for facultative reinsurance at BMS Re,” said Pete Chandler, CEO of BMS Re. “It is a testament to the great work Rich Macrane, Larry Broadnax and our entire facultative team have accomplished, and the business that they have built, which enables us to attract talented individuals such as Steve, Dan and James to help us take our offering to another level.
“BMS Re is an exciting place to be right now. We will continue to build out our facultative expertise across the US, UK, Bermuda and LatAm, and expand into other geographies,” Chandler said. “Our P&C facultative practice is evolving to work across territories delivering exactly what clients need to navigate the current market.”
In May, BMS Re announced the appointment of Andrew Wheeler as president.
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