BMS expands EMEA strategy with acquisition of Turkey’s Oria Sigorta
BMS Group has acquired Istanbul-based Oria Sigorta ve Reasürans Brokerliği, a deala that it says further strengthens its position in the Turkish market.
According to BMS this acquisition reinforces not only BMS’s long-term commitment to Turkey but is a core part of its regional development as they expand further into the Middle East and beyond, and it significantly enhances its ability to deliver comprehensive, client-focused solutions across the region.
Founded in 2019, Oria is an independent insurance and reinsurance broking firm that according to BMS has built a strong reputation in the corporate insurance space and employee health benefits solutions. This development continues BMS’s international strategic acquisitions across Europe and the Middle East, including David Roberts & Partners (UK), Rasher (Spain), and BMS entry into the DIFC, which is still subject to regulatory approval.
Following the acquisition, the Oria team will integrate into BMS Group’s Turkish operations and operate under the BMS brand.
Nick Cook (pictured), chief executive of BMS Group, commented: "Acquiring Oria represents a significant step forward in our EMEA growth strategy. Their talented team brings valuable expertise and strong client relationships that will further elevate our capabilities in Turkey. We’re delighted to welcome them into the BMS family."
Kerim Gürkan, chief executive of BMS Turkey, said: "This is an integration of two like-minded businesses. Over the past three years, BMS has established itself in Turkey as a leading specialty broker with strong international capacity. Now, by joining forces with Oria’s experienced team and local insight, we enter an exciting new chapter—broadening our client base and deepening the value we bring to both clients and insurance partners, locally and globally."
Cenk Erden, founder and chief executive of Oria, will take on the role of chief growth officer and join the board of BMS Turkey.
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