BMS concludes partnership deal with Insurex Re

Specialist re/insurance broker, BMS Group has concluded its Preferred Partner agreement with independent Chilean reinsurance broker, Insurex Re. The long-term agreement will see the two targeting facultative and treaty reinsurance placements, spanning property cat, financial lines, surety and construction.

Eduardo Riquelme, CEO of Insurex Re, said, “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.”

David Battman, head of international at BMS, said: “BMS’s international strategy is based on establishing BMS hubs in key global financial centres, 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.”

BMS will also be working 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.

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