BMS Group, the specialist insurance and reinsurance broker, announced today that after obtaining regulatory approvals, it has completed the acquisition of insurance broker Rasher, which specialises in surety, credit, finance and risk management solutions for corporate clients. Rasher is headquartered in Spain and has subsidiaries in Colombia and Peru.
Gabriel Raya, until now CEO of Rasher, will become Chief Growth Officer of BMS in Iberia, and will be responsible for the expansion of Rasher's subsidiaries in Latin America. He will join the Board of Directors of BMS Iberia with immediate effect.
This acquisition expands BMS' capabilities in Iberia and Latin America and further strengthens its international presence as a global broker.
Nick Cook, CEO of BMS Group, said: "We are excited to officially welcome Rasher to BMS Group. Expanding our global platform and capabilities remains a key priority in our growth strategy, and bringing Rasher on board is a significant step forward. In addition, Gabriel’s wealth of experience and expertise will be invaluable as we continue to grow together. We look forward to the journey ahead."
Gabriel Raya, CEO, Rasher, added: "Joining BMS Group is a very exciting step for Rasher and we look forward to exploring new opportunities with our clients in each region, relying on the capabilities of BMS Group.”
The transaction marks a continuation of BMS’s M&A activity following the acquisition of UK broker David Roberts & Partners (DR&P) last year.
