Key rent was previously international COO of reinsurance at AIG
BMS Re has introduced the appointment of John Canavan as its new chief working officer within the US, efficient Could 1, 2024.
Canavan brings expertise from a number of notable organizations, together with Willis Re, Man Carpenter, and AIG, the place he lately held the place of worldwide COO of reinsurance. His contributions in earlier roles embrace enhancing consumer and market companies, implementing digital methods, and fortifying monetary insurance policies throughout the reinsurance area.
In his new function, Canavan will spearhead BMS Re’s operational growth within the US. This contains enhancing digital and technological capabilities, in addition to fostering integration with the corporate’s London and Bermuda operations.
Canavan will report back to Chris Brook, group COO, and Andrew Wheeler, president of BMS Re. He’s additionally set to supervise the corporate’s operational workforce, managed by Kris Westall.
Brook commented on Canavan’s appointment, praising him for “over 4 many years of invaluable expertise within the US reinsurance market.”
“His unparalleled perception will likely be instrumental as we proceed to broaden our reinsurance enterprise,” mentioned Brook. “With John working alongside Andrew and me, our workforce’s paramount focus stays steadfast: inserting our purchasers on the forefront of each resolution we make. We’re thrilled to have him be part of the BMS household.”
Canavan additionally shared his enthusiasm about his new function, recognizing BMS Re’s interval of spectacular development,” in addition to its status for “superior consumer service.”
“I’ve all the time been drawn to alternatives the place I can contribute to development however in the fitting approach. In BMS Re I see precisely that,” mentioned Canavan. “I’m delighted to be becoming a member of the workforce and look ahead to supporting the drive to additional construct on BMS Re’s spectacular development.”
Canavan joins BMS Re as the corporate continues its development trajectory, which has included each natural development and mergers and acquisitions.
BMS Re delivers tailor-made reinsurance and capital market options to its purchasers. It presently has a workforce of over 300 professionals stationed throughout ten international workplaces.
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