First introduced in December 2022, the Eurazeo funding reveals BMS’ dedication to progress throughout its buying and selling arms.

As well as, it goals to boost its digital, analytics and modelling capabilities and additional reinforce its means to ship consumer options.

Because the transaction was introduced, BMS has continued its fast growth and is ready to shut out one other 12 months of progress with forecast revenues of £300m ($367m) and progress of 30% throughout its three pillars of Specialty, Reinsurance, and Worldwide.

Moreover, prior to now 12 months, BMS has made ten acquisitions, constructing on the eight made within the interval 2019 to 2022, and noticed workers numbers rising from roughly 400 to greater than 1,200 worldwide. 

Additionally from 28 September 2023, Emmanuel Clarke will change into BMS Group chairman, taking up from John Hastings-Bass.

Beforehand the president and CEO of PartnerRe, he has a report of main and rising the asset worth of groups.

Response to BMS Eurazeo funding

BMS Group CEO Nick Cook dinner stated: “With the closure of this transaction, we transfer into 2024 on a wave of momentum with the capital required to additional drive our imaginative and prescient of turning into the impartial specialty insurance coverage and reinsurance dealer of selection.

“Our individuals are fairly distinctive, and as we mark this important juncture in BMS’ progress, I owe them a particular thanks for his or her dedication and dedication to delivering extraordinary service to our shoppers.

“This vital funding not solely brings new capital and useful resource to BMS however to our shoppers and the market as an entire. We’ll proceed to bolster our fame because the clear and pure dwelling for entrepreneurial, consumer targeted expertise who wish to be totally empowered and rewarded by an revolutionary and high-growth tradition.

“I additionally welcome Emmanuel to BMS. His profitable construct out of PartnerRe’s world reinsurance enterprise throughout his 25-year tenure alongside his expertise with progressive, knowledge, digital and know-how pushed monetary fashions will instantly contribute to BMS. Equally, I’m delighted that John has agreed to stick with BMS. Underneath his chairmanship we’ve got seen astonishing progress and I, together with all of BMS, thank him for his indispensable position in our success.”

Maxime de Bentzmann, co-head mid-large buyout at Eurazeo, added: “Specialty insurance coverage and reinsurance markets are lengthy standing funding themes for Eurazeo’s mid-large buyout technique. BMS’ entrepreneurial and meritocratic tradition and worldwide footprint align effectively with Eurazeo’s funding strategy. Since signing, the enterprise has continued on its spectacular natural and inorganic progress trajectory on which we’re dedicated to help Nick Cook dinner and the administration staff.”