BMS Re, the specialty reinsurance arm of broker BMS Group, has appointed Andrew Wheeler and Russ McGuire as interim co-CEOs of BMS Re. The appointments follow Pete Chandler stepping down as CEO to take up a role as vice-chair.

Having led BMS Re for more than four years, Chandler presided over the remarkable growth of BMS’s reinsurance arm with the group now a force in the global reinsurance broking space with offices across the US, London, Bermuda, Middle East, Latin America, and Asia. BMS Re now employs over 300 professionals providing capability including treaty, facultative, capital markets as well as actuarial and analytical expertise. As vice-chair, Chandler will continue to work with key clients, support BMS Re’s brokers in managing valued carrier relationships and work alongside Nick Cook, Group CEO, to help attract and develop the next generation of leaders of the company.

Wheeler and McGuire both bring extensive experience to their roles, with Wheeler having served more than 20 years at BMS Re and McGuire who joined BMS Re in 2023, following 18 years at Swiss Re.

Chandler said: “Now is the right time for me to step away from the day-to-day CEO role of BMS Re having achieved what we set out to do when I joined the business. I am extremely proud of what we have built, we have grown into a business that we are all incredibly proud of and it has been my enormous privilege to have led it and worked alongside my amazing colleagues.

“I will be focusing my time on the company’s key clients and working directly with them in assisting with their growth plans, capital requirements and supporting Nick Cook, Group CEO, to put in place the next generation of leaders within this fantastic company.”

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