UK-based specialist insurance coverage and reinsurance dealer BMS Group has reached a deal to buy Australia’s Bluebook Insurance coverage Brokers for an undisclosed sum.
With headquarters in Brisbane, Bluebook supplies its shoppers with customised insurance coverage broking, danger administration, and claims dealing with providers.
Established in 2018, the corporate has experience within the mid-market company business. It additionally affords recommendation on normal insurance coverage instruments and danger administration choices.
It’s collectively led by Peter Apolakiatis and Stephen Moore, each of whom will proceed to change into a part of the enterprise.
They may also assume extra regional management positions with BMS.
The newest deal represents the sixth acquisition carried out by BMS over the past 12 months amid plans to broaden its enterprise in Australia.
It would see BMS buying your complete enterprise of Bluebook, with the staff and infrastructure shifting into BMS’ present operations base in Australia.
BMS Australian enterprise chief government Andrew Godden mentioned: “This transaction is in keeping with BMS’ world technique to deepen our experience in our chosen areas of specialisation and be a practical various to the big broking homes.
“Bluebook was notably engaging to us as a result of it additionally shares very related cultural values to BMS, and its senior administration is captivated with supporting their workers and shoppers to attain success.”
In Might this yr, BMS introduced the acquisition of Australian managing normal agent (MGA) GARD Insurance coverage.
Based in 2015, GARD serves various companies, together with small and medium enterprises (SMEs) and multinational corporations.
