BMS Group, the London-based specialist re/insurance broker, announce it has signed a preferred partner agreement with the independent Chilean reinsurance broker and existing trading partner Insurex Re, a company owned by Insurex Group.
A long-term business plan has been agreed between the two firms that will see them target facultative and treaty reinsurance placements, spanning property catastrophe, financial lines, surety and construction.
In addition, BMS will work with the wider Insurex group including its InsurTech and retail divisions to distribute specialty products with a particular focus on financial services, surety, mining and property, and the public services sector.
“We are very pleased to be taking our strong working relationship with BMS to a new level. Having the backing of a leading international broker such as BMS will allow Insurex Group to grow through Insurex Re across all lines of reinsurance in Chile, while BMS will benefit from our local expertise and presence,” said Eduardo Riquelme, CEO of Insurex Re.
“BMS’s international strategy is based on establishing BMS hubs in key global financial centers, which in turn work closely with the best independent partners in their regions. Our Miami-based team will enhance its access to new opportunities in the Southern Cone through this new close partnership with Insurex Re,” commented David Battman, head of International at BMS.
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