BMS Re has acquired Trean Intermediaries, a Wayzata, Minn.-based independent reinsurance broker and services company.
BMS Re has acquired Trean in full, with staff and infrastructure transferring to BMS Re. Sean Ryan, president of Trean, will assume the newly created role of deputy CEO of BMS Re and will report to Pete Chandler, president and CEO of BMS Re.
The acquisition will strengthen BMS Re’s geographic presence in areas such as Florida, North Carolina, Los Angeles and the Greater Boston Area.
JJ Johnson, managing Partner at Trean, will assume the role of chief production officer of BMS Re.
Ryan and Johnson will be joined by two senior partners, Mark Rex and Jeff Sorrels.
Founded as a joint venture with Trean Corp., Trean Intermediaries specializes in workers’ compensation, property/casualty, accident and health, personal auto, public entity, and professional liability lines for insurer and managing general agent clients.
BMS is an independent specialist insurance and reinsurance broker.
Topics Mergers & Acquisitions Minnesota
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