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The purchase covers BMS Intermediaries and BMS Capital Advisory and adds property catastrophe, medical malpractice and workers' compensation expertise.
The London-headquartered run-off specialist also entered into its first insurance-linked securities deal, covering portfolios tied to funds run by Leadenhall Capital Partners.
The Lloyd's (re)insurer is already using the tool on its North American property reinsurance book for the 1 January renewals.
The change cuts net written premiums by about $165m in the fourth quarter and $230m in 2027, with earnings broadly unchanged.
Exposure manager Joseph Harrison says reinsurers are asking cedants for richer data to find hidden links between insureds.
