BMS Signs Preferred Partner Agreement with Portuguese Specialty Broker Tagus

BMS Group, the independent specialist re/insurance broker, announced the conclusion of a preferred partner agreement with the new wholesale and specialty broker Tagus Specialty in Portugal.

An ambitious production plan has been developed that will see BMS teams in London and Madrid work closely with Tagus, said BMS.

BMS said it will support the Tagus team in distributing specialty insurance and reinsurance products, including some that have not yet seen wide use in Portugal, such as cyber.

Technologies such as on-line sales portals will be used to reach a wider client base, said BMS, noting that the key areas of focus for the partnership will include: binders, reinsurance, financial lines, large P&C accounts, affinities business and sports insurance.

Tagus’ agreement with BMS means that it joins a group of independent brokers globally which are able to use the “bms.partner” logo on their business cards and marketing material, added BMS.

“Our aim is to provide a bridge between independent Portuguese brokers and the best specialty products available globally,” said Luis Morais, CEO of Tagus. “We can do that thanks to our partnership with BMS, a fast-growing international re/insurance broker with whom we share a very client-focused approach.”

David Battman, head of International at BMS, said: “Tagus is a new specialty business with a range of innovative products for the Portuguese market. We look forward to working closely with the team there under Luis Morais in order to unlock new opportunities for both our groups and wish them the very best as they grow their practice.”

Topics Mergers & Acquisitions Agencies Excess Surplus Reinsurance