Specialist reinsurance dealer BMS Group has appointed Jean-Jacques Henchoz as its board chairman, with the function to be handed over on 1 Might.
Henchoz was latterly the CEO and government board chairman at Hannover Re.
He has government 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’ in depth trade credentials might be invaluable to us, and we anticipate to see sustained progress for BMS underneath his chairmanship. As well as, we’re keen to learn from his invaluable strategic insights as we transfer ahead as a scaled-up, thriving, international enterprise.
“He’s a confirmed trade chief with the power to navigate complicated 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 a press release.
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 stay up for contributing to the following chapter of BMS Group, constructing thrilling new partnerships and strengthening present ones.
“Becoming a member of the Board of a number one brokerage agency presents a beautiful alternative for me to leverage my international reinsurance trade expertise, whereas supporting an agile, client-focused organisation that helps corporations navigate the challenges of right this moment and the longer term.”
The newest deal continues BMS Group’s current acquisition spree.
Final month, BMS acquired Spanish dealer Rasher. This adopted the December 2024 acquisition of UK-based David Roberts & Companions, and earlier final 12 months, the acquisition of a majority stake in United Arab Emirates dealer Berns Brett Masaood.
