BMS eyes Asia expansion in M&A insurance market
Specialist re/insurance broker BMS Group has hired an experienced lawyer to lead its operations in Japan, focusing on insurance solutions for complex M&A transactions, as it looks to accelerate its strategic growth plans in Asia.
BMS has appointed Tim Hewitt (pictured) as head of BMS in Japan. His initial focus will be to broker insurance solutions for inbound-outbound mergers and acquisitions (M&A) activity as growth in the Japanese M&A market accelerates, and the need for complex risk mitigation tools for dealmakers rises.
Hewitt has more than two decades of legal industry experience. Prior to joining BMS, he was associate general counsel for a global private equity firm portfolio company in Tokyo, Japan, after several years there in legal leadership roles. He also spent several years as a lawyer specialising in M&A transactions at leading law firms in Tokyo and Sydney.
BMS has four offices across Asia: in Hong Kong, Singapore, Seoul and now Tokyo. The group plans to continue investment in the region as demand for local insurance solutions heats up, and will look to broaden its offering from private equity, Mergers & Acquisitions and Tax (PEMAT) specialist advice to other sectors in Japan with potential for specialty insurance brokering.
Sandra Lee, CEO of BMS Asia, said: “BMS is respected globally for our specialist market knowledge and strong personal relationships with clients and partners. Tim’s breadth of expertise will be invaluable in our strategy to expand our presence in Asia and strengthen our international PEMAT operations. We are very proud of this milestone, which will put BMS in a very solid position for long-term growth in the region.”
Hewitt added: “Growth in the Japanese M&A insurance market is accelerating, as comparatively low inflation and the stabilisation of the yen continue to attract foreign investment opportunities. Having a local presence in Japan means we can offer insurance solutions tailored to the intricate M&A transactions for both inbound and outbound investments. In the short term, I look forward to working with our contacts in the market to raise awareness of the strategic use of M&A transaction insurance solutions as a valuable risk mitigation tool for dealmakers.”
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