Specialist reinsurance dealer BMS Group has appointed Jean-Jacques Henchoz as its board chairman, with the function to be handed over on 1 Could.
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 will likely be invaluable to us, and we count on to see sustained development for BMS underneath his chairmanship. As well as, we’re keen to profit from his precious 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 determine dynamic alternatives, and I’m assured that his imaginative and prescient will foster high quality development and innovation in our operations.”
Hannover Re achieved double-digit earnings development 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 following chapter of BMS Group, constructing thrilling new partnerships and strengthening present ones.
“Becoming a member of the Board of a number one brokerage agency presents a beautiful alternative for me to leverage my international reinsurance business expertise, whereas supporting an agile, client-focused organisation that helps corporations navigate the challenges of immediately and the longer term.”
The most recent deal continues BMS Group’s current 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.
