BMS, the independent specialist insurance and reinsurance broker, is pleased to announce that Tom Spraggs, Richard Austwick, and Tom Woolcott will join its financial and professional risks (Finpro) division, following the fulfilment of their contractual obligations. Based in London, the trio will report to Drew Harvey, director of Finpro at BMS.
Spraggs, Austwick, and Woolcott join from Howden’s financial institutions team, formerly Protean Risk, and will focus on providing tailored solutions to BMS’ direct clients. With a diversity of experience and broad-reaching networks, the new hires mark BMS’ commitment to diversifying its portfolio and leveraging insights from different market segments to better serve its clients.
Spraggs joins as director and head of UK financial institutions. Having formerly been a member of the executive committee and a team leader at Howden, Spraggs brings more than a decade of experience delivering complex insurance solutions and a specialization in asset management. Austwick joins as divisional director and brings a decade’s worth of experience advising clients in the financial services sector. Woolcott, joins as a broker and has experience managing a range of clients from investment managers and funds to private equity and venture capital entities across the UK and Europe.
Harvey said: “BMS is always looking to improve on the service we provide for our clients. By strengthening our offering with the experience and talent of these hires, we are not only enhancing the service we provide but also contributing significantly to our ability to stay ahead in an evolving marketplace. We are excited to welcome them to BMS and are looking forward to working with them as we further the growth of BMS.”
Ian Gormley, UK CEO, added: “We’re really excited for Tom, Richard, and Tom to join the expansion of our FINPRO Division – they are amongst many brilliant additions to the BMS UK team this year. We are now actively looking for exceptional talent across this sector of the market including financial institutions, D&O, professional liability and cyber – and we believe we can offer expert brokers the opportunity to build something new and exciting.”