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 varied management roles.
BMS Group CEO Nick Prepare dinner stated: “Jean-Jacques’ in depth business credentials might be invaluable to us, and we count on to see sustained progress for BMS beneath his chairmanship. As well as, we’re keen to profit from his invaluable strategic insights as we transfer ahead as a scaled-up, thriving, international enterprise.
“He’s a confirmed business chief with the flexibility 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 stated 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 sit up for contributing to the subsequent 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 horny alternative for me to leverage my international reinsurance business expertise, whereas supporting an agile, client-focused organisation that helps corporations navigate the challenges of right this moment and the long run.”
The newest 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.
