UK- based independent insurance broker BMS Group has opened an office in New York City and relocated its CEO Carl Beardmore in a bid to continue growth in North American reinsurance business.
Beardmore will now spend the majority of his time in the US, with executive vice president Larry Cantwell acting as lead producer out of the new office.
Beardmore said the opening of new office is significant to the continued expansion of their US platform to complement their strong London position and build a truly unified reinsurance platform.
The new branch will primarily be a production centre but is also designed to be a hub for all our markets.
In wake of expansion plans, the company has appointed a number of personnel both in the UK and US, particularly in its modelling and analytics offering since the past 18 months.
The company also revealed that it is in the process of relocating the servicing of all reinsurance accounts to Minneapolis.