Independent reinsurance broker BMS Re has announced the completion of its accusation by Trean Intermediaries, a US-based reinsurance broker and services company.
The acquisitions strengthen BMS Re’s geographic presence in the U.S., which is a crucial growth area with its new offices in Tampa, Greensboro, N.C., and BMS Re’s existing company in the U.S., which has offices in Atlanta, Chicago, Minneapolis, Dallas, San Francisco and Philadelphia.
BMS Re has taken full possession of Trean with staff and infrastructure transfer over. The president of Trean, Sean Ryan, will be the newly created deputy CEO of BMS Re and will report to Pete Chandler, president and CEO of BMS Re.
Sean Ryan had several crucial underwriting rules before joining Trean in 2009 and began his proking career at Carvill America, a Senior Vice President in the Connecticut and New York offices.
Established in 2013 as a joint venture with Trean Corporation, Trean Intermediaries specializes in workers’ compensation property, casualty accident, health, personal, auto, public entity and professional liability lines for insurers and MGA clients.
BMS’s U.S. reinsurance has had remarkable growth over the past two years, with revenue rising by 55% and a 36% jump in client count. In the last 24 months, BMS Re has grown its proking team by 50% and its analytics unit by 77%. Now the company has more than 185 employees. BMS Re continues to invest in technology and analytics, launching its Pathlight Analytics platform in April.
