29 June 2022

BMS announces new UK CEO

BMS the independent specialist insurance and reinsurance broker has announced that Ian Gormley shall become UK CEO, effective immediately.

Gormley will report to Nick Cook, chief executive of BMS Group. In that role he will be responsible for the continued growth and expansion of the company’s capabilities in London and Bermuda across all specialty lines both insurance and reinsurance

Since joining BMS as managing director of global risks in 2012, Gormley has led BMS’s specialty business in London, doubling revenues to £100m. He has also built out BMS’s energy presence, developed the property team, advanced the financial products division, and established a global risks team in Bermuda for property/liability and specialty reinsurance. Prior to BMS, Gormley worked for seven years at Glencairn and has a background both in underwriting and broking.

Gormley said: “I am thrilled to become UK CEO. We plan to more than double the scale of our specialty business through selective growth with partners where we can bring in new capability or enrich current expertise. BMS is a destination for talent and has a very inclusive culture in which we give our colleagues or teams the support they need to succeed. I look forward to bringing my passion for BMS’s people-led culture and my sector expertise to deliver the strongest possible outcomes for clients around the world.”

Cook added: “What marks Ian out is his exceptional strategic vision and leadership of BMS within the UK. He is BMS through to his very fingertips and is highly regarded, enormously smart and has shown inspirational leadership skills. Ian has made a real contribution to BMS’s cultural values ensuring that D&I is integral to the company’s DNA. I’m delighted that he has taken on the role of UK CEO of BMS which allows me more time to focus on global strategic growth across our whole business.”