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NEW YOK—London-based independent insurance broker BMS Group Ltd. has opened an office in New York, BMS announced Thursday.
BMS CEO Carl Beardmore will use the new office as his base and spend the majority of his time in the United States, BMS said in its announcement. Larry Cantwell, executive vp, will serve as lead producer in the new office.
BMS also announced that it is in the process of moving the servicing of all reinsurance accounts to Minneapolis.
“Opening an office in Manhattan is vital to the continued expansion of our U.S. platform to complement our strong London position and build a truly unified reinsurance platform,” said Mr. Beardmore in a statement. “The new office will primarily be a production center, led by industry veteran Larry Cantwell. However, it is also designed to be a hub for all our markets, and any staff or clients who want to use the facilities will be made very welcome.”