Article ID: 94c71a1e8990e4061086ec20455311f3040c84f36a8597cefd62052e3e0f94ef
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URL: https://www.businessinsurance.com/willis-re-to-buy-us-division-of-bms-re/
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Willis Re to buy US division of BMS Re - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Willis Re to buy US division of BMS Re by Claire Wilkinson Agents and Brokers , Mergers and Acquisitions , Reinsurance Willis Towers Watson Aug 18, 2026 Willis Re, the reinsurance business of Willis Towers Watson, said Tuesday it has agreed to acquire the U.S. division of BMS Re, the reinsurance brokerage arm of London-based BMS Group, in a deal that will establish its presence in the world’s largest insurance market. The deal includes BMS Intermediaries Inc., BMS Capital Advisory LLC and BMS Re’s London-based U.S. reinsurance broking team. Terms of the transaction were not disclosed. BMS Re U.S. provides property/casualty reinsurance and capital advisory services to regional and super-regional insurers, managing general agents and programs. Its specialty business includes property catastrophe, medical malpractice and workers compensation. BMS Re U.S. has six offices in New York, Philadelphia, Chicago, Minneapolis, Atlanta and Dallas, in addition to its London-based team, according to a Willis Re spokesperson. The acquisition will establish an operational presence for Willis Re in the U.S., expand its existing capabilities and add new lines of business, Willis Re said. “This is a transformational acquisition for Willis Re and one that strongly supports our global growth strategy and greatly accelerates our expansion into the U.S.,” Lucy Clarke, a Willis Re board member and president, risk and broking at WTW, said in the statement. The agreement excludes BMS’ UK, Latin America, Bermuda and global facultative businesses, which will remain a core part of BMS Group, the brokerage said in a separate statement. BMS CEO Nick Cook said the brokerage remains committed to its reinsurance operations outside the U.S., which have about 140 employees, and plans to expand the business. BMS Re is the world’s seventh-largest reinsurance broker, with gross revenue of $173.99 million in 2024, according to Business Insurance’s latest ranking. It had 325 employees in total in 2024. The transaction is subject to regulatory approval and other closing conditions. WTW launched Willis Re through a joint venture with Bain Capital in 2024, marking its return to treaty reinsurance broking. Its former reinsurance business was sold to Arthur J. Gallagher & Co. in 2021 after WTW’s proposed merger with Aon fell apart. That deal involved about 2,200 Willis Re employees. Willis Re has since continued to build out its operations and recently announced several hires from Guy Carpenter in Bermuda. 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