Subject to Regulatory approval, Berns Brett India will be rebranded BMS (India) Ltd.
Nick Gillett, CEO of BMS International, commented,“BMS’s regional investments from Turkey to India show the focus we are giving to these exciting areas of growth and our belief in their importance to the group’s diversification and geographical strength.We believe India to be an economic powerhouse and plays directly to our Specialty strengths contributing through strong local connections to our global skill sets”.
London: BMS Group, a global broker provideing specialist insurance, reinsurance and capital markets advisory services, has announced a strategic partnership in India with Berns Brett India.
Subject to regulatory approval, the company will be rebranded BMS (India) Ltd.BMS has acquired a minority stake in Berns Brett India and it will further raised over time.
Berns Brett India is affiliated to Berns Brett UK and provides a differentiated risk management service.
Nick Gillett, CEO of BMS International, commented,“BMS’s regional investments from Turkey to India show the focus we are giving to these exciting areas of growth and our belief in their importance to the group’s diversification and geographical strength.We believe India to be an economic powerhouse and plays directly to our Specialty strengths contributing through strong local connections to our global skill sets”.
BMS Group also announce the launch of BMS (DIFC) Ltd with immediate effect having secured the necessary licence and regulatory approval.
This secures another foundation stone of the Group’s regional strategy stretching from Turkey throughout the Middle East and North Africa.
Ranji Sinha is formally appointed as SEO for BMS (DIFC) Ltd responsible for all business emanating from across the MENA regions plus Turkey and for all territories and classes underwritten in the DIFC.
Lavanya Mamidanna remains MD of BMS Masaood, UAE responsible for all Direct business in the UAE.
This leadeship team continues to report into Vedanta Baruah, CEO BMS Middle East & North Africa and thence into London.
Vedanta Baruah commented, “BMS continues to commit to the region and we are now fully equipped to serve our clients in both Direct and Reinsurance arenas and to draw on the highly professional technical skills located in BMS Group’s global offices”