BMS Group has entered into an agreement to acquire Spanish insurance broker Rasher and its Latin American subsidiaries in Colombia and Peru.
Rasher provides surety, credit, and risk management solutions to corporate clients, with a team of 90 staff members.
The company says joining BMS group will allow Rasher to accelerate its expansion and recruiting efforts and continue delivering the successful growth strategy set in place by the leadership team.
Gabriel Raya, CEO of Rasher, will serve as chief growth officer of BMS in Iberia and join the board of BMS Iberia. He will be responsible for the management and expansion of Rasher's subsidiaries in Latin America
Nick Cook, group CEO of BMS, says: “The strategic fit with BMS specialisms, growth culture and ambition to deliver exceptional client solutions makes this a superb partnership and I expect this business to achieve huge success with BMS support in the coming years.”
Raya adds: “The culture and philosophy of BMS makes this a perfect fit. We know the team very well and we believe that they will help us achieve our next stage of growth and expand our client services in each region.”
