21 February 2014 News

BMS appoints US president and CEO

Specialist insurance group BMS Associates has appointed Andrew Bustillo as president and chief executive officer of its US-broking arm, BMS Intermediaries.

Bustillo, who will be based in New York, will report directly to Dane Douetil, chief executive officer of BMS Associates. He will also join the group executive committee as well as the Board of BMS Inc.

With nearly 30 years’ experience in the reinsurance industry, Bustillo currently runs RedBank Re, which he founded in 2009, and was previously executive vice-president and a member of the executive committee for Benfield ‘s US operations.

Bustillo has also held senior roles at Guy Carpenter and EW Blanch Company where he focused on the development of team-oriented sales processes that delivered client-centric solutions to the industry.

“I am delighted to welcome Andrew to BMS in his new role to lead our fast-growing US business. Andrew’s appointment is a strong statement of intent about our commitment to the US market. We see significant growth potential in the United States where clients value and desire the high-touch service proposition provided by our very experienced broker teams and supported by our competitive actuarial, analytical and modelling capabilities. Andrew’s experience as a strong sales leader and team-builder, coupled with his proven track record as an energetic and driven executive, will be invaluable in taking BMS Intermediaries Inc. to the next stage in its development,” said Douetil.

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