BMS unveils terrorism and political violence providing
BMS, an independent specialist insurance and reinsurance broker, has launched a new terrorism and political violence offering – with four new hires to form a brand new team.
BMS developed the new offering after considering the risks to businesses in a variety of industries – including finance, construction, utilities, and leisure – and understanding the ever-changing risks they face. The offer focuses on:
- Acts of terrorism;
- Riots, strikes or civil unrest;
- malicious damage;
- Insurrection, revolution or rebellion;
- Mutiny or coup d’état;
- War or civil war;
- Terrorism liability;
- nuclear, chemical, biological and radiological risks;
- active attacker or active shooter; and
- Loss of attraction.
“We welcome organizations that require more than a general terrorism template, and we can use our energy and expertise to add value. We can also help with large, multi-year risks in prime locations where asset aggregation is an issue, ”BMS said on its website. “In order to offer competitive insurance coverage, we have a facility with a number of Lloyd’s stores that can offer multi-year policies and substantial limits.”
As part of the new offering, BMS has appointed Harry Simpson to lead the new terrorism and political violence team reporting to Chris Ritchie, BMS Group’s Managing Director International Direct & Facultative.
Simpson brings over 19 years of terrorism and political violence experience to the team. Prior to joining BMS, he was Director and Head of Terrorism & Political Violence at Tysers, where his team won the coveted Insurance Insider Rankings Team of the Year from 2017-2020.
Simpson began his career with Glencairn in 2002 as a real estate agent working with Ritchie, who at the time was the company’s director of international real estate.
Commenting on Simpson’s appointment, Ritchie said, “BMS has an excellent reputation for providing bespoke reinsurance solutions that are tailored to clients’ needs. I’ve known Harry for many years and we are delighted that someone with his excellent reputation in the field of terrorism and political violence is coming to BMS. “