BMS Re, the specialty reinsurance division of broking group BMS, has appointed John Canavan as the brand new COO for the US.
Canavan, whose appointment is efficient from 1 Could 2024, will report on to Chris Brook, BMS Group COO, and Andrew Wheeler, president of BMS Re.
He brings operational expertise to BMS Re, having held roles at Willis Re, Man Carpenter and most just lately at AIG, the place he served as the worldwide COO of reinsurance.
The appointment comes as BMS Re goals to develop additional following a interval of development by means of operational developments, natural growth, and mergers and acquisitions.
In his new function, Canavan will oversee the operational development of BMS Re, specializing in digital and technological developments and fostering collaboration between the London and Bermuda operations, consistent with the group’s aims.
Canavan may also lead the operational group at BMS Re, which is below the course of Kris Westall.
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Brook stated: “Drawing from over 4 many years of invaluable expertise within the US reinsurance market, John brings a wealth of experience to BMS Re. His unparalleled perception will likely be instrumental as we proceed to develop our reinsurance enterprise.
“With John working alongside Andrew and I, our group’s paramount focus stays steadfast: putting our shoppers on the forefront of each resolution we make.”
Canavan added: “BMS Re isn’t solely present process a interval of spectacular development however it’s also balancing that with a tradition and a repute for superior shopper service.
“I’ve at all times been drawn to alternatives the place I can contribute to development however in the precise approach. In BMS Re I see precisely that.”
Final month, BMS added three folks to its monetary {and professional} dangers division (Finpro) and named Daniel Leahy as cyber apply divisional director.
