London-based BMS Associates Ltd. has appointed Andrew Bustillo as the president and CEO of its U.S. brokerage arm, BMS Intermediaries Inc., the broker said Thursday.
Mr. Bustillo will join BMS Intermediaries on March 3, reporting directly to BMS Associates Ltd. CEO Dane Douetil, the company said in a statement.
Mr. Bustillo currently is head of RedBank Re L.L.C., an advisory and reinsurance services company that he founded in 2009, according to the statement.
The role was created because the company needed dedicated U.S. leadership due to growth, a BMS Associates spokesman said.
“I am delighted to welcome Andrew to BMS in his new role to lead our fast-growing U.S. business,” Mr. Douetil said in the statement. “We see significant growth potential in the United States, where clients value and desire the high-touch service proposition provided by our very experienced broker teams and supported by our competitive actuarial, analytical and modeling capabilities.”
“I am very excited to take responsibility for driving the BMS business forward in the U.S.,” Mr. Bustillo said in the statement. “BMS Intermediaries Inc. has all the right ingredients for success that made it a really compelling proposition to accept the challenges of being its CEO.”
Mr. Bustillo will be based in New York.