UK-based Minova Insurance Holdings announced the launch of BMS Capital Advisory, a broker-dealer registered with the SEC and a member of both the UK’s Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC).
BMS Capital Advisory is an affiliate of BMS Intermediaries, an independent reinsurance broker and part of the Minova Insurance Group. “To complement the services provided by BMS Intermediaries, BMS Capital Advisory will advise on and facilitate insurance-linked securities offerings and Mergers & Acquisitions,” the bulletin explained.
“Together, BMS Capital Advisory and BMS Intermediaries offer their clients access to the resources needed to achieve their strategic goals, whether through reinsurance transactions, access to the capital markets, or M&A-related advisory services.”
Rom Braga, BMS Capital Advisory’s CEO said: “BMS Capital Advisory will increase the Group’s operational flexibility, as we seek to deliver the most effectively-priced capital and integrated advice to our clients and prospects.” Mr. Braga added: “We believe our focused approach to servicing a differentiated client base will allow us to work with capital markets participants to create, facilitate and execute select corporate finance engagements and effective solutions to a new class of ILS sponsors.”
Andrew Bustillo, CEO of BMS Intermediaries, added: “From broking and advisory services to analytics, claims handling, capital advisory and beyond, we strive to become an extension of our client’s business, advocating their best interests to help them succeed. Having achieved this milestone, we are now able to provide risk management and advisory services across a broad spectrum of the capital markets. We believe in providing integrated solutions to our clients within a dynamic reinsurance market place. Alongside our broker force, we are now ready to deliver.”
Source: Minova Insurance Holdings