Best Practices Medical Partners (BPMP), the holding company for Applied Medico-Legal Solutions Risk Retention Group (AMS RRG) and affiliated subsidiaries, has secured a US$40 million investment from Kilter Finance, a KKR-backed, insurance-focused specialty finance company to support AMS RRG’s underwriting growth and execution of its ongoing strategic initiatives.
BMS Capital Advisory, the investment banking arm of leading independent specialist insurance and reinsurance broking group BMS Re, acted as the exclusive advisor to BPMP. In its advisory role, BMS Capital Advisory acted collaboratively and seamlessly with BMS Re’s Legacy Practice and Ratings Advisory Unit.
Richard Welch, CEO of BPMP, said: “Led by BMS Capital Advisory and with the collective institutional knowledge and market experience possessed by BMS Group professionals, we were successful in attracting investment from an excellent source of capital in Kilter Finance. Leveraging 20 years of proven leadership in the professional liability market, our company has partnered with a specialist in the insurance and asset management sectors, and we look forward to continue our mission of providing high value medical liability insurance and enterprise risk management solutions to our current and future members.”
Romulo Braga, CEO of BMS Capital Advisory, added: “BMS, as a whole, remains purposefully committed to identifying and delivering capital and risk management solutions in an effective, efficient, and agnostic manner. As such, we are very pleased to have facilitated this successful transaction, which is validation of BPMP’s market-leading executive team, insurance and distribution operations.”