Broking Group Completes Significant Broker Acquisition
marks BMS’s largest acquisition to date, with the combined business managing over £8bn in gross written premiums (GWP). This move brings DR&P into the fold, with chief executive John Page and managing director Simon Bland retaining their positions.
Page will now report to Nick Cook, BMS’s chief executive, and join the group executive committee. In a statement, Page expressed excitement about the transition, emphasizing the new opportunities available as part of a successful, independent global broking group. He highlighted the importance of putting client outcomes first in their strategy going forward.
The acquisition aligns with BMS’s strategic plans to strengthen its presence in the UK, especially in the retail sector and speciality London markets. By combining forces with DR&P, both businesses aim to leverage enhanced data and analytical capabilities and collaborate in areas of expertise.
Nick Cook, BMS’s chief executive, emphasized the cultural alignment between the two businesses as a key factor in their M&A strategy. Looking ahead, he expressed enthusiasm about the future prospects of integrating the expertise of both teams to enhance client service in various regions and specialisms.
Overall, both Page and Cook affirmed their ambitious plans to bring their shared vision to life, ensuring that their people, clients, and partners all benefit from this synergistic relationship. This significant acquisition ushers in a new chapter for both BMS and DR&P, signaling a positive shift towards growth and collaboration in the financial and insurance sectors.
