BMS teams up with Portuguese broker Tagus to 'unlock new opportunities'

Specialist re/insurance broker BMS Group partnered with Tagus Specialty, a new wholesale and specialty broker in Portugal.

The preferred Partner agreement will see BMS' London and Madrid teams work closely with Tagus in distributing specialty insurance and reinsurance products in the Portuguese market, such as cyber.

Some of the key areas of focus for the partnership will include binders, reinsurance, financial lines, large property/casualty accounts, affinities business and sports insurance. The companies will use technologies such as on-line sales portals to reach a wider client base.

Luis Morais, CEO of Tagus, said: “Our aim is to provide a bridge between independent Portuguese brokers and the best specialty products available globally. We can do that thanks to our partnership with BMS, a fast-growing international (re)insurance broker with whom we share a very client-focused approach.”

David Battman, head of international at BMS, said: “Tagus is a new specialty business with a range of innovative products for the Portuguese market. We look forward to working closely with the team there under Luis Morais in order to unlock new opportunities for both our groups and wish them the very best as they grow their practice.”