BMS Re has acquired Advocate Reinsurance Partners in a bid to expand its presence in the North American market. Terms of the transaction were not disclosed.
As part of the acquisition, Scott Brock, managing partner at Advocate Reinsurance Partners, will join the BMS Re US board.
Advocate Reinsurance Partners, headquartered in Dallas, Texas, is a privately held reinsurance intermediary for middle-market insurance carriers, captives, risk retention groups and other specialty insurance operations.
Andrew Bustillo, CEO of BMS Re US, said: “Combining the fantastic sales team at Advocate Reinsurance Partners with BMS’s extensive analytical and operational capacity will extend our geographic reach and further strengthen the high level of risk and advisory service we bring to our clients and carriers.”
He added: “I am delighted to welcome Scott Brock and the Advocate Reinsurance partners team to BMS.”
