Specialist (re)insurance broker BMS Group has entered into an agreement to acquire Western Australian specialist broker Western United Financial Services (WUFS).
BMS will fully acquire WUFS, adding to a number of recent acquisitions by BMS in Australia as it looks to grow its business in the region.
WUFS offers tailored insurance broking, risk management and claims handling services. The company also advises on insurance products, as well as offering risk management solutions.
WUFS is headed by Brett Waterman, who will remain in a leadership role after the acquisition and will lead the BMS business in Western Australia.
Andrew Godden, chief executive of BMS Australia, says: “The acquisition of Western United Financial Services presents another step in the expansion of BMS in Australia and, as well as providing us with more depth in some specialties, it also gives us access to additional ones such as hospitality and transport.”
