BMS Re has acquired Sao Paulo-headquartered reinsurance broker KNW Brokers Corretora de Resseguros (KNW).
KNW provides tailored reinsurance solutions for traditional and specialty segments such as energy, property, construction, marine, clinical trials and fine arts.
As part of the mandate, the firm will partner with BMS Re’s existing Brazil office. KNW’s CEO Márcio Ribeiro and his executive team will work alongside Jose Leão, CEO of BMS Re Brazil.
The acquisition follows the promotion of Juan Carlos Gomez. He was promoted to CEO of BMS Re Latin America and Caribbean earlier this year.
It also follows BMS Re’s acquisitions of Mexico City-based specialist reinsurance broker Calomex and PWS Mexico in 2022 and 2021, respectively.
Leão comments: “The acquisition of KNW aligns with BMS’ vision of growth. As we expand, we are prioritising strategic acquisitions. KNW team's excellent reputation in Brazil will complement our existing team."
