Reinsurance brokerage BMS Group has concluded the acquisition of Spanish insurance coverage dealer Rasher following the receipt of regulatory approvals.
The deal, whose monetary phrases stay undisclosed, was introduced in December 2024.
The transfer is anticipated to boost BMS Group’s capabilities in Iberia and Latin America.
Rasher is understood for its experience in surety, credit score, finance and danger administration options for company shoppers.
The corporate is predicated in Spain, with subsidiaries in Colombia and Peru.
Gabriel Raya, the previous CEO of Rasher, will tackle the position of chief progress officer at BMS in Iberia and be part of the BMS Iberia board of administrators instantly.
Within the new position, he has been tasked with driving the growth of Rasher’s Latin America subsidiaries.
BMS Group CEO Nick Cook dinner mentioned: “We’re excited to formally welcome Rasher to BMS Group. Increasing our international platform and capabilities stays a key precedence in our progress technique, and bringing Rasher on board is a big step ahead. As well as, Gabriel’s wealth of expertise and experience will probably be invaluable as we proceed to develop collectively. We look ahead to the journey forward.”
Raya added: “Becoming a member of BMS Group is a really thrilling step for Rasher and we look ahead to exploring new alternatives with our shoppers in every area, counting on the capabilities of BMS Group.”
In December 2024, BMS additionally accomplished the acquisition of UK dealer David Roberts & Companions (DR&P), initially introduced in July 2024.
This transaction is reported to be BMS’ largest acquisition thus far, making a enterprise that manages greater than £8bn ($10.35bn) in gross written premiums.
Arrange in 1980, BMS Group gives insurance coverage, reinsurance and capital markets advisory companies, with places of work throughout the US, Canada, Latin America, Australia, Europe and Asia.
