> ## Content Index
> Fetch the complete content index at: https://thecoverwire.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Willis Re completes BMS Re US deal, taking on a London broking team
- URL: https://thecoverwire.com/willis-re-completes-bms-re-us-acquisition-london-team/
- Published: 2026-11-01T13:00:00.000Z
- Updated: 2026-11-02T11:34:38.000Z
- Description: The purchase covers BMS Intermediaries and BMS Capital Advisory and adds property catastrophe, medical malpractice and workers' compensation expertise.
- Author: CoverWire
- Tags: Reinsurance, #desk-london-market

Willis Re has completed its acquisition of BMS Re US, the US reinsurance division of BMS Group, [the reinsurance broker said in a statement](https://www.willisre.com/news-and-insights/news/willis-re-completes-acquisition-of-bms-re-us/?ref=thecoverwire.com) from London on 1 November.

The deal includes BMS Intermediaries Inc., BMS Capital Advisory LLC and the associated US reinsurance broking team based in London. Willis Re said the purchase expands its property and casualty capabilities in complex lines including property catastrophe, medical malpractice and workers' compensation.

"We are delighted to welcome the BMS Re US team to Willis Re," said Lucy Clarke, a board member of Willis Re. "By bringing together our complementary strengths, we are creating a stronger platform for growth, with access to a broader global network, deeper market relationships and enhanced specialist expertise."

Willis Re [announced the agreement on 18 August](https://www.willisre.com/news-and-insights/news/willis-re-announces-agreement-to-acquire-bms-re-us/?ref=thecoverwire.com), subject to regulatory approval, when Clarke called it "a transformational acquisition". It said at the time that BMS Re US had clients among regional and superregional carriers, managing general agents and programme businesses, and that the deal would give Willis Re an operational presence in the US.

The broker listed four core capabilities at BMS Re US: a managing general agent and programme franchise, treaty reinsurance for regional and mutual insurers, a capital advisory offering and specialty reinsurance expertise that includes a dedicated casualty facultative team.

The deal has closed under new leadership. Willis Re [appointed Neil Eckert as chief executive](https://www.willisre.com/news-and-insights/news/willis-re-appoints-neil-eckert-as-chief-executive-officer/?ref=thecoverwire.com) on 9 September. Eckert co-founded the Bermuda-based reinsurer Conduit Re in 2020 and became its chief executive in 2025\. Conduit Holdings raised $1bn in a London Stock Exchange flotation.

He earlier founded Benfield & Rea Investment Trust in 1995\. The listed vehicle raised capital to back underwriting capacity at Lloyd's and insurance companies and was relisted as Brit Insurance Holdings in 1999.

Related coverage: [RiverStone completes legacy deals covering $1.6bn of QBE reserves](https://thecoverwire.com/riverstone-completes-1-6bn-qbe-legacy-deals-leadenhall-ils/) and [Anthropic warns insurers may lack capacity for a catastrophic AI loss](https://thecoverwire.com/anthropic-s1-insurers-lack-capacity-catastrophic-ai-loss/).

## Sources

- [Willis Re, completion of BMS Re US acquisition, 1 Nov 2026](https://www.willisre.com/news-and-insights/news/willis-re-completes-acquisition-of-bms-re-us/?ref=thecoverwire.com)
- [Willis Re, agreement to acquire BMS Re US, 18 Aug 2026](https://www.willisre.com/news-and-insights/news/willis-re-announces-agreement-to-acquire-bms-re-us/?ref=thecoverwire.com)
- [Willis Re, Neil Eckert appointed chief executive, 9 Sep 2026](https://www.willisre.com/news-and-insights/news/willis-re-appoints-neil-eckert-as-chief-executive-officer/?ref=thecoverwire.com)