BMS, the London-based independent specialist re/insurance broker, announced it has entered into an agreement to acquire a majority share in Berns Brett Masaood (BBM), a leading UAE insurance broker established in 2007 and headquartered in Abu Dhabi and Dubai.
BBM has expanded significantly in recent years providing extensive risk transfer solutions for large complex programs across many industries, with specialisms in energy, institutional and affinity sectors for corporate and government entities. After completion, which is subject to regulatory approvals, BBM will be known as BMS Masaood.
BBM is extremely well positioned for future growth and is actively looking to expand into new specialisms which are complementary to Specialty London operations. Their focus on these specialisms alongside their people-first and client-centric approach perfectly complements BBM philosophy.