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25 August 2022Reinsurance

BMS appoints new Caribbean fac head

BMS Group has appointed Germán Torres-Ortíz as managing director and head of Caribbean facultative business for BMS Re Latin America and Caribbean (LAC), effective August 29th 2022.

Based in Miami, he will report to Aidan Pope, chief executive and executive chairman for LAC at BMS Re.

Torres-Ortíz will focus on expanding BMS Re’s facultative presence in the Caribbean region. He joins BMS Re from his most recent role as a senior vice president at Carpenter Marsh Fac Re Latin America.

Prior to this, he spent seven years with Assurant in a leadership role, developing new products and conducting feasibility studies across multiple markets in the region. Torres-Ortíz also held several senior roles at AIG, including spending four years in Chile as commercial lines director, spearheading significant annual growth and profitability.

Pope said: “It is an absolute pleasure to welcome Germán to our regional team. We value not only his excellent leadership skills, but also his contacts in the Caribbean and his knowledge of large and complex risks, which combines well with our worldwide strategy of specialization and outstanding client service. Germán is an innovative and passionate individual, whose consistent drive for excellence will be invaluable to our clients in the region.”


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More on this story

Analysis
1 October 2023   The captive insurance market is growing and pushing into new frontiers including legacy business, according to Mory Katz of BMS Group.
news
4 August 2023   The former Gallagher Re executive will start at the company in 2024.
Analysis
6 July 2023   The new executives will be involved in facultative business.