BMS Group, a leading independent global insurance and reinsurance broker, has acquired Istanbul-based Oria Sigorta ve Reasürans Brokerliği A.Ş., further strengthening its position in the Turkish market. This acquisition reinforces not only BMS Group’s long-term commitment to Turkey but is a core part of its regional development as it expands further into the Middle East and beyond, and it significantly enhances its ability to deliver comprehensive, client-focused solutions across the region.
Founded in 2019, Oria has become deeply embedded in the local business arena and together with BMS Group’s global reach the company is poised to deliver more holistic, competitive, and solutions-oriented services to clients and insurance partners in Turkey and internationally.
Owned and Chaired by Cenk Erden Oria is an independent insurance and reinsurance broking firm that has built a strong reputation in corporate insurance and employee health benefits solutions. This development reflects BMS’s strategic acquisitions across UK, Europe and the Middle East, including David Roberts & Partners (UK), Rasher (Spain), and proposed entry into the DIFC (subject to regulatory approval) and marks another milestone in its global expansion journey.
Nick Cook, CEO of BMS Group, commented: "Acquiring Oria represents a significant step forward in our EMEA growth strategy. Their talented team brings valuable expertise and strong client relationships that will further elevate our capabilities in Turkey. We’re delighted to welcome them into the BMS family."
Kerim Gürkan, CEO of BMS Turkey, said: "This is an integration of two like-minded businesses. Over the past three years, BMS has established itself in Turkey as a leading specialty broker with strong international capacity. Now, by joining forces with Oria’s experienced team and local insight, we enter an exciting new chapter—broadening our client base and deepening the value we bring to both clients and insurance partners, locally and globally."
Cenk Erden, Owner and Chairman of Oria Sigorta, added: "This partnership brings together Oria’s local market knowledge with BMS’s international strength and vision. It’s a natural fit built on shared values and a commitment to delivering high-impact, high-value solutions. We’re thrilled to join BMS and contribute to its ambitious growth journey."
Cenk Erden and Remzi Duman will join the Board of BMS Turkey and the combined companies shall continue as BMS Group Sigorta ve Reasurans Brokerligi A.S.