BMS, the independent insurance and reinsurance broker, announces it has commenced operations in New Zealand, with the establishment of BMS Risk Solutions Ltd (BMSRS).
BMSRS is an independent, New Zealand owned and operated extension of BMS Group and has been established by highly experienced industry leaders Storm McVay, Paul Meehan and David Gibbons.
“BMSRS has chosen to partner with BMS Group due to its unyielding focus on client driven outcomes. The collaboration from our Australian and UK colleagues has been exceptional and lays a solid platform for future success. Since commencing operations we have been humbled by the support of clients, and Insurers who have backed our vision and desire to establish a viable alternative to the traditional market players.” McVay commented.
As New Zealand’s leading employee owned risk advisory business, BMSRS has a unique ownership model that is specifically designed to achieve stability and the attraction of industry leading talent.
BMSRS has been established with a team of highly experienced local specialists and leaders from across the risk advisory industry including Wayne Henderson (AON),), Brett Gerrard (Gallagher), Sue Hale (Black Peak Risk), Josh Thomson (WTW) and Dominic Sheehan (Marsh).
Several other appointments have also been made, with the BMSRS team set to expand significantly by the end of the year.
BMSRS has opened offices in Christchurch and Dunedin, reflecting the strength of relationships with the South Island business community, and anticipates expansion into Auckland in the new year.
The relationship between BMSRS Executives and BMS Group dates back to 2008, and BMS Group provides wholesale broking services to a number of New Zealand Corporate and Institutional clients with requirements for tailored risk financing solutions including London market placements.
Nick Cook, BMS Group CEO said: “We are delighted to have partnered with such highly experienced and well-regarded industry leaders in Storm McVay, Paul Meehan and David Gibbons. BMS has had a close working relationship with them and their clients for many years so this is a natural progression as we look to broaden our global footprint.”
The collaboration between BMS Group and BMSRS benefits not only the strength and success of both organisations but most importantly provides clients absolute assurance they will receive the best advice, service excellence and unfettered access to local and global markets to ensure a competitive edge.