Reinsurance brokerage BMS Group has concluded the acquisition of Spanish insurance coverage dealer Rasher following the receipt of regulatory approvals.
The deal, whose monetary phrases stay undisclosed, was introduced in December 2024.
The transfer is anticipated to reinforce BMS Group’s capabilities in Iberia and Latin America.
Rasher is thought for its experience in surety, credit score, finance and threat administration options for company shoppers.
The corporate relies in Spain, with subsidiaries in Colombia and Peru.
Gabriel Raya, the previous CEO of Rasher, will tackle the position of chief progress officer at BMS in Iberia and be part of the BMS Iberia board of administrators instantly.
Within the new position, he has been tasked with driving the growth of Rasher’s Latin America subsidiaries.
BMS Group CEO Nick Prepare dinner stated: “We’re excited to formally welcome Rasher to BMS Group. Increasing our world platform and capabilities stays a key precedence in our progress technique, and bringing Rasher on board is a major step ahead. As well as, Gabriel’s wealth of expertise and experience will likely be invaluable as we proceed to develop collectively. We stay up for the journey forward.”
Raya added: “Becoming a member of BMS Group is a really thrilling step for Rasher and we stay up for exploring new alternatives with our shoppers in every area, counting on the capabilities of BMS Group.”
In December 2024, BMS additionally accomplished the acquisition of UK dealer David Roberts & Companions (DR&P), initially introduced in July 2024.
This transaction is reported to be BMS’ largest acquisition thus far, making a enterprise that manages greater than £8bn ($10.35bn) in gross written premiums.
Arrange in 1980, BMS Group provides insurance coverage, reinsurance and capital markets advisory companies, with workplaces throughout the US, Canada, Latin America, Australia, Europe and Asia.
