BMS Group owners could be looking to expand capital base

While there are rumors of U.K.-based insurance broker BMS Group Ltd.’s owners mulling the sale of the brokerage for $720 million, the broker may instead be looking at a potential transaction to expand its capital base to fund future growth, Artemis reported citing Bloomberg. Total sale of shares by the two major stakeholders – British Columbia Investment Management Corp. and Preservation Capital Partners Ltd. – seems unlikely. BMS has a strong specialist reinsurance business, which earned around $95 million in revenue in 2021.