Specialist reinsurance dealer BMS Group has appointed Jean-Jacques Henchoz as its board chairman, with the function to be handed over on 1 Could.
Henchoz was latterly the CEO and govt board chairman at Hannover Re.
He has govt and board-level expertise, together with a stint of greater than 20 years at Swiss Re, the place he held numerous management roles.
BMS Group CEO Nick Prepare dinner mentioned: “Jean-Jacques’ intensive trade credentials will likely be invaluable to us, and we count on to see sustained progress for BMS beneath his chairmanship. As well as, we’re keen to learn from his useful strategic insights as we transfer ahead as a scaled-up, thriving, international enterprise.
“He’s a confirmed trade chief with the power to navigate advanced challenges and establish dynamic alternatives, and I’m assured that his imaginative and prescient will foster high quality progress and innovation in our operations.”
Hannover Re achieved double-digit earnings progress throughout Henchoz’s six-year tenure as CEO, BMS Group mentioned in an announcement.
This contributed to the doubling of Hannover Re’s market capitalisation and its subsequent inclusion in Germany’s DAX-Index, the assertion added.
Henchoz added: “I look ahead to contributing to the following chapter of BMS Group, constructing thrilling new partnerships and strengthening current ones.
“Becoming a member of the Board of a number one brokerage agency presents a gorgeous alternative for me to leverage my international reinsurance trade expertise, whereas supporting an agile, client-focused organisation that helps firms navigate the challenges of right this moment and the long run.”
The most recent deal continues BMS Group’s latest acquisition spree.
Final month, BMS acquired Spanish dealer Rasher. This adopted the December 2024 acquisition of UK-based David Roberts & Companions, and earlier final yr, the acquisition of a majority stake in United Arab Emirates dealer Berns Brett Masaood.
