Will Re Completes on BMS Re Acquisition

The latest update from Willis Re;

Willis Re, the specialist global reinsurance broking and advisory business, has announced that it has completed the acquisition of BMS Re US, including BMS Intermediaries Inc. and BMS Capital Advisory LLC, as well as the associated US reinsurance broking team based in London.

BMS Re US is a leading independent reinsurance platform in the US providing bespoke reinsurance and capital solutions. The acquisition expands Willis Re’s capabilities across property and casualty, including complex lines such as property catastrophe, medical malpractice and workers’ compensation, while providing a strong platform to accelerate growth in the US, enhance existing capabilities and diversify into new lines of business.

Commenting on the announcement, Lucy Clarke, Board Member of Willis Re, said: “We are delighted to welcome the BMS Re US team to Willis Re. By bringing together our complementary strengths, we are creating a stronger platform for growth, with access to a broader global network, deeper market relationships and enhanced specialist expertise. This will support continued expansion, closer engagement and the delivery of greater value to our clients.”