BMS snaps up Australian retail broker in expansion move

Specialist re/insurance broker  BMS has expanded its operations in Australia with the acquisition of  SRG Group.

Founded in 2005,  SRG is a corporate retail broker with operations in Perth and Queensland.

Following the deal,  SRG staff will transfer to  BMS.

BMS said the acquisition complements its existing operations across Australia and brings additional scale.

Andrew Godden, chief executive of BMS’ Australian business, said: “We are very pleased to welcome the  SRG team to  BMS. We have significant growth ambitions in Australia and will continue to expand our operations in the short and medium term with additional people, teams and businesses that bring expertise and shared values.”

Nick Cook (pictured), CEO of  BMS, said: “This is the seventh acquisition made by  BMS in the past two years, further accelerating the expansion of our international network.  SRG brings additional strength to our operations in Western Australia and balances our existing strong eastern presence.  SRG's values align perfectly with those of  BMS with great emphasis placed on the professional and personal development of people which leads to a strong client-focused ethos and a spirit of common purpose. I am very pleased to welcome our new colleagues to the global BMS team.”

Rod Fitzgerald, managing director  SRG, added: “We are all delighted to be joining  BMS, which brings us access to the resources and distribution of a global broker that we can bring to bear for the benefit of our rapidly growing customer base. Our decision to partner with  BMS stems from the clear alignment between our two cultures and shared ambition that is so important to success in this market. We are excited by the opportunity that being part of  BMS brings.”

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