BMS Group has announced a strategic partnership with Berns Brett India, marking its expansion into the Indian market, and the local entity will be renamed BMS (India) Ltd, pending regulatory approval.
Nick Gillett, chief executive of BMS International, commented: “BMS’s regional investments from Turkey to India demonstrate our focus on these exciting growth areas and our belief in their importance to the group’s diversity and geographical strength.
“We believe India is an economic powerhouse that can directly leverage our expertise and contribute through strong local linkages with our global skill set.”
BMS’s entry into the Indian market follows the formal formation of BMS (DIFC) Ltd, which was recently completed after obtaining all necessary licenses and regulatory approvals.
The Dubai International Financial Center (DIFC) continues to develop as a regional financial center, attracting an increasing number of global reinsurers and brokers to set up operations here.
Commenting on the launch of DIFC, BMS described it as a key cornerstone of the company’s regional growth strategy.
Ranji Sinha has been appointed as SEO of BMS (DIFC) Ltd with responsibility for all businesses in the MENA region and Turkey, as well as all regions and categories underwritten through DIFC.
