Grippa holds extensive industry experience, having previously served as a senior advisor to Dowling Hales, Executive Chairman and CEO of RYZE Claim Solutions, Executive Chairman of Risk Transfer Agency, and Vice Chairman of the Board of Directors at Atlas General.

Earlier in his career, Grippa was Chief Operating Officer at Vanbridge, an EPIC company, and spent a decade in the Brown & Brown leadership team.

In the new role at BMS Re, he will report to Brad Melvin, President and CEO of BMS Re, and will serve on the firm’s US Executive Committee.

“Working closely with Melvin and the Executive Committee, Grippa will act as a strategic advisor, helping advance BMS Re US’s multi-year strategic plan and accelerate organic growth across its Programs, Mutuals and Specialty segments,” the firm explained.

Melvin commented, “Tony is a proven builder of businesses and a highly respected leader within our industry. His ability to translate strategy into execution, develop top-tier talent, and drive sustainable growth will be a tremendous asset to BMS Re US as we execute on our long-term vision.”

Grippa added, “I’m incredibly excited to join BMS Re US at such an important stage of the firm’s growth. Brad and the leadership team have a clear vision for the future.

“As the largest, fully independent reinsurance broker, BMS has a unique opportunity to transform the reinsurance marketplace, without competing with its clients. I look forward to working closely with Brad and the team to execute on the “ONE BMS” client-focused strategy.

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In her new role, Seifert will be based in BMS Re’s Miami office.

She brings nearly two decades of reinsurance experience spanning Latin America and the Caribbean. Seifert joins BMS Re from Swiss Re, where she held several key leadership roles, most recently as Market Head Caribbean, leading the team responsible for managing the company’s client relationships and portfolio in the Caribbean.

She also served as Client Manager Executive at Munich Re, where she led client management, financial solutions, and innovation activities for South America.

In a recent LinkedIn post, BMS Group stated, “With over 18 years of reinsurance experience across Latin America and the Caribbean, and key roles at Swiss Re and Munich Re, Janine brings deep expertise, strong client relationships and a proven record of delivering results.

“We’re thrilled to have her on board as we continue to grow and strengthen our presence in the region.”

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Kukli, who has been with BMS Re for nearly two years, previously served as Business Director.

In her new role, she will be responsible for leading the company’s Facultative Reinsurance division in Brazil, where BMS Re saw a reported 60% revenue growth in 2024.

This appointment is part of BMS Group’s ongoing efforts to expand its footprint in the Brazilian market and Latin America as a whole.

Kukli’s experience within the company and the reinsurance industry is expected to support the continued development of the Facultative Reinsurance portfolio in the region.

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Based in London, both executives will be reporting directly to Hannah Watkins, Chief Growth Officer.

Hughes brings three decades of experience to the role across major industry players including Guy Carpenter, Axis and Aon. Most recently, he held the role of managing director and retro broker.

Bartell began his career as a broker in 1986 at Alexander Howden. Previous employers also include Benfield, Gallagher Re and Aon. He spent the last decade working as a broker in the UK specialty and retro desk.

Both joining BMS from Howden Re, the new hires will help bolster the capabilities of the existing London-based reinsurance team, with responsibilities extending into the Bermuda market and cross-collaboration with global teams.

The development of the London reinsurance platform is a key component of BMS Re’s global strategy, the firm highlighted.

Their arrival follows the hiring of group chief broking officer Richard Dudley, previously Global Head of Climate Strategy at Aon and CEO of Aon’s Commercial Risk Wholesale and Specialty Broking operations in London.

Commenting on the new appointments, Watkins said: “We are pleased to welcome two new exceptional team members. Based in London but with a global mindset and approach, their combined expertise and proven track record make them great additions to BMS Re.

“In close collaboration with our teams in the US, London and Bermuda, Jonathan and Martin will help us deliver creative and strategic solutions for our clients, reflecting our investment in and commitment to the reinsurance sector. We look forward to discovering the fresh perspectives and innovative ideas they will bring.”

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She will be taking over the role from John Canavan, who is retiring.

“We also extend our sincere thanks to John Canavan, who is retiring as COO of BMS Re US. John has been a stabilising force and a valued leader at BMS Re – we appreciate his contributions and wish him all the best in his retirement,” a spokesperson commented.

Adding: “We look forward to this next chapter under Kris’s leadership.”

Having been a key part of BMS Re for over a decade, Westall brings deep expertise and a strong commitment to client service, making her well positioned to support our continued growth.

Westall joined BMS Group in 2011 as EVP – Reinsurance Operations officer before being appointed Chief Operating Officer. She then served as Chief Business Optimization Officer, BMS Intermediaries, Inc., and was then appointed Managing Director, Transformation of BMS Re.

Prior to her time at BMS, the executive was a reinsurance consultant for various companies and spent close to three years at Collings following her tenure at Aon.

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In his new position, Jose will be responsible for developing the business in conjunction with teams based across the Asia Pacific (APAC) region.

An accomplished insurance professional with over two decades of industry experience, Jose joined BMS from Aon Reinsurance Solutions in Singapore, where he most recently served as Head of Growth.

His career also spans key roles at Aon, Howden, and Windsor Partners, specialising in liability placement and crisis management across APAC, the UK, and beyond.

Commenting on his appointment Jose said: “I’m eager to build on the fantastic work that Sean Sperring and the team have accomplished so far. I look forward to reconnecting with all of you in the coming weeks.”

Jose’s appointment is one of BMS Re’s most recent additions, which include Anthony (Tony) Mirabal as the CEO of the Latin America and Caribbean Division.

In this role, Mirabal has been tasked to shape the division’s regional strategy and support local offices, working in collaboration with Juan Carlos Gomez, who is to become President of Latin America and Caribbean.

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Sponsored by reinsurance broker BMS Re and professional services firm, PwC, the executive roundtable event was our second in Monte Carlo and first since the global pandemic.

The discussion was extremely insightful and leaders from across the reinsurance industry touched on numerous burning issues as the market heads towards the key January 1 renewals.

“In terms of what’s going to evolve, I think everyone’s looking towards January 1. Obviously, it depends on whether there’s any activity between now and then, and it is very early days,” said Adam Mullan, Executive Chairman, BMS Re.

Commenting on the current rating environment, Mullan said that the market’s got itself into a decent position, with dedicated reinsurance capital poised to rise by around 9% in 2024 to $620 billion, absent any near-term losses.

“So, I think that just shows that the increased attachment points have really pushed us into a position where mid-size losses have been taken out of the property cat market, which is very, very beneficial,” continued Mullan.

On the casualty side, explained Mullan, there’s still a lot of room for improvement.

“This has become one of the big themes in Monte Carlo. Deterioration on the ‘17 to ‘19 years is looking fairly ugly. And actually, if you speak to people about the years ‘20 plus, the initial development also looks unfavorable. The numbers are not coming down, they are increasingly fast, and getting a reasonable actuarial perspective on development is tricky. I think the clever and more experienced markets can navigate their way through this environment, balanced portfolios (premium to limit), diversification and with smart capacity deployment.

“I think the market is generally in a really good spot, but it’s at that pivotal point. There is downward pressure on rates from clients. In the D&F insurance market, for example, the rates are caving quickly, particularly in London. So, you’ve got these pressure points coming and I think it will be interesting to watch how reinsurers react to this in the coming months,” said Mullan.

Matthew Britten, Partner at PwC Bermuda, highlighted some key themes in the market and throughout RVS 2024.

“One is, will reinsurers step back into providing more earnings protection? Will they provide more of those aggregate and sideways covers? Personally, I think the answer is probably going to be no.

“I think that they’ve seen their results and the positive impact that moving away from providing earnings protection has had on them, and investors are not going to be satisfied with one and a half years of good results, they’re going to want to see that persist into the future,” said Britten.

PwC’s Britten also commented on the casualty space, noting the significant concerns around adverse development on the liability side of the fence, absent workers’ comp, from the 2016 to 2019 years.

“But now I think in some of the auto lines in the more recent years, we’re seeing some adverse development there, and I think that’s getting people thinking about, okay, we have recognition that there’s been an increase in rate in the casualty lines, but has it been enough to actually rectify and get loss ratios to where they need to be? And there’s a big question around that at the moment,” said Britten.

Stay tuned as we’ll be releasing the full 2024 Reinsurance News Monte Carlo Executive Rendezvous Roundtable in the coming weeks, which will include more commentary from our sponsors and important insights from all of the other participants.

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Mirabal will report to Nick Gillett, CEO of BMS International, and remain based in Miami.

In his new role, he will collaborate closely with Juan Carlos Gomez, who will become President of Latin America and Caribbean, to shape regional strategy and support local offices.

Gillett expressed enthusiasm for Mirabal’s appointment, stating, “We are delighted to welcome Tony as a pivotal part of our team. His leadership skills, deep market knowledge and technical ability will undoubtedly strengthen our presence in this important, growing region for BMS Re. With the successful establishment and ongoing growth of our businesses across Latin America and the Caribbean, where Tony has developed strong relationships over many years.”

He added, “I look forward to partnering closely with him as we drive the next phase of BMS Re’s expansion in the region, with a focus on continued investment in our global reinsurance platform. In collaboration with the Group, we will continue to provide exceptional service to our clients.”

Mirabal brings over 30 years of reinsurance experience, starting as a casualty underwriter with Gen Re and later holding various underwriting, production, and management roles with prominent reinsurance companies like ERC and EWB.

Following that, he successfully developed his own reinsurance intermediary (RRISC) based in Miami in 2001, which was acquired by JLTRe in late 2016 and led to his recent 6 year tenure at Guy Carpenter since the acquisition of the JLT Group in 2018 by MMC.

Commenting on his new role, Mirabal said, “I’m thrilled to be joining a dynamic brokerage firm that is thriving and looking to grow in this part of the world. BMS Re has tremendous growth potential in this region, and I am confident that its innovative and exceptional approach to client service will drive continued success.”

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In the meantime, Group CEO Nick Cook and Andrew Wheeler, President and Co-CEO of BMS Group, will continue to lead the business, supported by the US EXCO and Group Chief Operating Officer, Chris Brook.

Melvin will have a reporting line to Cook, and will lead BMS Re US operations focusing on delivering strategic goals and driving growth across its MGA, regional specialty, facultative reinsurance, healthcare and capital solutions and advisory lines.

Most recently, he served at Aon Reinsurance Solutions as the President of the US regional insurer group and global insurance vertical leader.

Melvin has previously held executive leadership and client development roles at Gen Re, CNA Financial, and has been a member of Aon Re’s global executive committee and leadership team and Aon corporation’s executive leadership team.

Cook commented on the appointment, “Brad’s extensive expertise in both the national carrier landscape and regional markets – key areas for our growth – makes him ideally suited to lead us into the next stage of significant investment and growth in BMS Re. His reputation as a leader who values teamwork and open communication aligns perfectly with our company’s core values.

“His client-centric approach, combined with a commitment to fostering a collaborative environment, will be instrumental in driving our initiatives forward. Together, we will continue to strengthen our partnerships with clients by delivering innovative solutions, data-driven insights, and unmatched service excellence. I am thrilled to welcome him to the organisation.”

Melvin said, “BMS Re is on a clear path to great success and I welcome the opportunity to contribute to its continued growth. BMS Group has ambitious plans for the next five years, and I look forward to working with the talented and hard-working team to bring these to fruition.”

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In her new role, Nelson will directly report to Charlie Rozes, Group CFO of BMS Re. She will be instrumental in advancing BMS Re’s financial strategy, focusing on enhancing capabilities to meet client needs, supporting business growth, driving margin expansion, and building and implementing financial systems.

Nick Cook, CEO of BMS Group, expressed enthusiasm for Nelson’s appointment, stating, “I am delighted to welcome Farah to BMS. She is an accomplished finance executive having worked in fast-paced, growth-orientated organisations. Not only that, but she is a proven leader with a track record of setting clear goals and delivering on them, and she is deeply passionate about diversity, equity, and inclusion.”

Cook added, “With her now working with Charlie and Morna at the Group level, continuing to drive investment in reinsurance across the UK, US and our Bermuda platforms, our finance team is formidable. I am delighted to have Farah join and look forward to working with her.”

Nelson brings over two decades of industry experience to her new role. She joins BMS Re from Aon, where she spent nearly nine years, most recently as Chief Financial Officer, overseeing financial performance exceeding $1.6 billion.

Prior to that, she worked at J.P. Morgan for nine years in various senior roles, including Risk Reporting Business Manager, and served as Senior Financial Analyst at Credit Agricole Indosuez for eight years.

Sharing her excitement, Nelson commented, “Joining BMS at this time is incredibly exciting. BMS has a fantastic reputation, and rightly so. Its people have not only been able to achieve enviable growth but have also made a point of doing this in exactly the right way, with collaboration, empathy, and inclusivity at their core. I am delighted to join its talented team and excited to get started.”

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