BMS Re has launched operations in Brazil under BMS Brasil Corretora de Resseguros (BMS Re Brazil).
Headquartered in São Paulo, BMS Re Brazil will specialise in the provision of facultative and treaty reinsurance services.
José Leão and Judi Newsam have been appointed CEO and president of BMS Re Brazil, respectively. Both will report to Aidan Pope, CEO and executive chairman of BMS Latin America and the Caribbean.
Leão most recently served as vice president at Guy Carpenter Brazil, before which he was an underwriter at IRB Re.
Newsam also joins BMS Re from Guy Carpenter Brazil, where she held the role of country head and managing director.
Nick Cook, CEO of BMS, comments: “Establishing BMS Re in Brazil is a great step forward for BMS and for BMS Re. It is a key element of our growth strategy for Latin America and the Caribbean, aligning perfectly with BMS’ hub and spoke model for international growth.”
“I have every confidence that our new team in Brazil, supported by colleagues in Miami and London, will continue going from strength to strength. We have a hiring plan that will be progressively rolled out this year and into 2022.”
Leão adds: “Judi and I are delighted to be the ones to break new ground for BMS Re in one of Latin America’s largest insurance and reinsurance markets. BMS Re has an outstanding reputation for its analytical and actuarial capabilities and we are excited to bring these vital skills to the Brazilian market.”
