BMS plans to expand into new lines and geographies

Specialist re/insurance broker BMS Group has established a new private equity, mergers and acquisitions (M&A) and tax division as part of its plan to expand into new lines and geographies.

The move follows the significant investment it received from British Columbia Investment Management Corporation and Preservation Capital Partners.

BMS has hired Sophie Wallace and Dean Andrews as divisional directors in the new division. Andrews has also been appointed head of tax liability insurance.

Wallace brings 8 years’ M&A insurance and legal experience to BMS which includes advising private equity funds, corporates and the wider M&A community on transactional risk insurance solutions. Wallace is also qualified from CMS Cameron McKenna Nabarro Olswang LLP as a solicitor, with experience in insurance litigation and corporate matters.

Andrews is a qualified solicitor and joins BMS with 8 years’ international experience in tax liability insurance and tax law. He started his career at PwC before moving to Eversheds Sutherland and has been advising on tax matters and private equity transactions for clients across Europe, North America, India and Australasia.

Nick Cook, CEO at BMS Group said: “BMS is committed to provide bespoke M&A insurance solutions in the UK, with capabilities on the ground to follow in Europe, Australasia and Canada. The team will also work closely with our retail broker partners in North America and Latin America to help provide tailored wholesale solutions and insurance capacity to our clients. We are therefore pleased to welcome Sophie and Dean on board and to be formally open for private equity, M&A and tax related insurance business.”