BMS Group (“BMS” or “the Group”), the independent specialist (re)insurance broker, today announced that Andrew Bustillo, BMS Re US Vice Chairman, has been granted the Lifetime Achievement Award in the Reactions North America Awards 2020.
The annual awards honor the industry’s leading re/insurance companies and broking firms for their corporate achievements and prominent industry figures for their accomplishments in the North America re/insurance market. The Lifetime Achievement Award recognizes individuals who made a significant and lasting positive impact on the market throughout their career. Winners were evaluated by an independent judging panel of senior executives in the North America market. Previous winners of the award include Patrick Gallagher Jr., Constantine Iordanou, Anthony Markel and Art Moossmann.
Bustillo has spent over 35 years in the reinsurance market, where he founded RedBank Re in 2009 and held a number of senior roles at Benfield Inc., Guy Carpenter, EW Blanch Company, Aon Re, and Constitution Re between 1985 and 2009. He joined BMS in 2014 as President and CEO of the Group’s US reinsurance intermediary arm. During his time with BMS, Bustillo has collaboratively led the successful development of the broker’s US platform.
Bustillo said: “I’m very grateful to receive the Lifetime Achievement Award ahead of my retirement later this year. I think of this award as a gift I’m receiving on behalf of all the people I have worked with, some of the most talented individuals in the market. It has been a great pleasure to lead the BMS US team and be part of BMS’s growth and development in the past years.
The success of BMS’s US business is a joint effort of everyone in the team. I’m very proud that we have created a culture and environment which is not only exciting for our clients and the market, but more importantly for our staff. I’m confident that BMS will continue to succeed, especially in the hands of such an outstanding team.”
Pete Chandler, President and CEO of BMS’s US reinsurance arm, added: “We would like to sincerely thank Andy for his vast contributions to BMS over the past six years. The spectacular growth of our US operations is a testimony to his stewardship and Andy’s professionalism and passion for this industry inspires us daily. Congratulations on this well-deserved award and we wish Andy all the best in his retirement.”