Independent specialist (re)insurance broker BMS Group has named Chris Madell as director of its new financial lines division, effective immediately.
Based in London, Madell will repot to Ian Gormley, managing director of the BMS Global Risks division.
Madell has over 33 years of insurance industry experience in both the London and Australian markets. In his new role, he will be responsible for the build out of the financial lines capability for BMS, working closely with both the London headquarters and the Australian office.
Prior to joining BMS, Madell served as CEO at Allstate Underwriting Agencies since 2017. Before that, he was head of distribution in the global broker unit of ACE Australia (now Chubb Insurance Australia).
Gormley said: “BMS is continually looking to bring in high quality individuals like Chris. He has an excellent reputation and his international experience and management skill will be a great addition to BMS. Chris will be working closely with our overseas offices in Australia and Miami to complement their FI focus. Financial Lines and D&O are in a true hard market right now and having a proven specialist such as Chris with deep technical understanding will help our clients navigate in the current market.”
Madell said: “I’m delighted to be joining BMS, an independent with an investment strategy that really piqued my interest. Financial Lines is in a state of dislocation, the likes of which I’ve never seen before. The team is investing in talented market professionals with a passionate appetite for client service excellence. We will be taking a thoughtful approach to certain industry sectors, utilising in-house expertise to deliver a very different partner experience.”