BMS expands energy practice

BMS Group has announced a further expansion of its specialty energy practice with the hire of Alex Tesei as director of European energy reinsurance.

Tesei has over 25 years industry experience most recently spending a decade building up and leading the reinsurance division of Ribé Salat in Spain, specialising in facultative reinsurance. Most recently he was appointed head of facultative insurance at K.M.Dastur in London. Earlier in his career he spent four years as managing director of Brex Re, based in Spain.

According to BMS across all three roles, Tesei specialised in setting up and developing companies and departments, driving revenue growth, identifying niche market opportunities and spearheading territorial expansion into international markets.

His appointment is with effect from October 2022, and he will be based in London, reporting to James Chicken, BMS’ managing director of energy.

“We are delighted to welcome Alex and we look forward to leveraging his know-how and experience as well as contacts in European markets to expand and complement our global reach,” said Chicken. “European energy is a dominant issue of the moment from wholesale prices to critical geo-political considerations and climate change. BMS is determined to be the most responsive, dynamic, and expert wholesale intermediary in the energy insurance sector and today’s announcement shows yet again that we continue to attract top market talent supporting our growth and the evolution of this market.”