Tuesday, December 6, 2022
HomeInsurance LawBMS plans Iberian regional enlargement with Eisenar acquisition

BMS plans Iberian regional enlargement with Eisenar acquisition

Impartial specialty insurance coverage and reinsurance dealer BMS has agreed to accumulate Spain-based specialty insurance coverage dealer EISENAR for an undisclosed sum.

Based in 2001 by Eugenio Sanchez-Belda, Eisenar is engaged in offering industrial dangers {and professional} sports activities insurance coverage.

The insurance coverage dealer’s experience additionally contains lodge & eating places insurances, agriculture insurance coverage (agroseguro), surety, renewable energies, cyber, development and manufacturing options.

Upon completion of the deal, Eisenar CEO Carlos Sanchez-Belda will be a part of BMS as chief industrial officer and can report on to BMS Iberia CEO Fernando Claro.

Eugenio Sanchez-Belda would be a part of the advisory board of BMS Iberia.

Carlos Sanchez-Belda stated: “For the previous 20 years Eisenar has had an exemplary monitor document in Spanish specialty insurance coverage and following this acquisition its future is vibrant.

“This is a vital a part of the journey for BMS Iberia which reinforces our status as a fast-growing and specialist (re)insurance coverage dealer. We’re a top-five affinity dealer in Spain, and we’re additionally making investments into different specialty areas. Eisenar’s household run tradition is certainly one of their most vital strategic belongings.

“Their younger and dynamic management group will probably be instrumental in consolidating our market presence, by driving the event of modern options which might be customised to the wants of every affinity and consumer.”

Earlier this 12 months, BMS Group , by means of its specialist reinsurance arm BMS Re , agreed to accumulate Mexico Metropolis-based specialist reinsurance dealer Calomex for an undisclosed sum.

Calomex gives reinsurance options to Mexican surety suppliers.

Calomex’s takeover is a part of BMS Re LAC’s technique to increase its present Miami hub into the area’s greatest reinsurance markets.










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