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BMS acquires new P&C team in Minneapolis



	"The acquisition of this team boosts our rapidly growing presence in North America" Hugo Crawley Chairman BMS Intermediaries

BMS announced today that it has acquired a P&C brokerage team based in Minneapolis. The nine member team, led by widely respected senior brokers Jim Brost and Mike Joyce, will complement the firm's existing activities in London and North America.

"The acquisition of this team boosts our rapidly growing presence in North America and will give us a further strong base in Minneapolis, a major reinsurance hub," said Hugo Crawley, Chairman, BMS Intermediaries.

Jim Brost has over 30 years experience in the P&C market and is recognized as a leading expert in the agricultural treaty industry. He was previously Chief Executive Officer and Agriculture Practice Leader at Cooper Gay Intermediaries. Mr. Brost started his reinsurance career at E. W. Blanch Company in 1975 and co-founded John B. Collins Associates in 1987, where he served as Vice Chairman until joining Cooper Gay Intermediaries in 2005.

Mike Joyce has over 25 years of reinsurance experience producing and placing a wide range of property and casualty business. He was previously Executive Vice President at Cooper Gay Intermediaries. Prior to that position, Mr. Joyce was Senior Vice President and Director managing the largest property & casualty profit center at John B. Collins Associates.

"Jim Brost has been active in the agriculture market for over 30 years. He enjoys an excellent reputation and is highly regarded by the market. Mike Joyce's diversity and background will enhance our P&C operations and like Jim, brings many years of experience and insight. We are delighted to welcome them on board," said Mr. Crawley.

"BMS is an established and fast growing intermediary, which provides our team with an excellent platform", said Mr. Brost. "We look forward to enhancing BMS' business in the Minneapolis market and introducing clients to the BMS Group."