Willis Re Completes Acquisition of BMS Re US
The deal brings BMS Re US, BMS Intermediaries, and BMS Capital Advisory into Willis Re's reinsurance business.
Updated on Nov. 1, 2026 in Insurance
Willis Re has completed its acquisition of BMS Re US, an independent US reinsurance platform. The deal also includes BMS Intermediaries, BMS Capital Advisory, and the associated US reinsurance broking team based in London.
Why it matters
The acquisition adds bespoke reinsurance and capital solutions to Willis Re's offering and expands its capabilities across property and casualty lines. It is expected to give the firm a strong platform to accelerate growth in the US.
The acquired group comprises BMS Re US, BMS Intermediaries, BMS Capital Advisory, and a US reinsurance broking team based in London. Willis Re also operates in Bermuda, but the extraction provides no financial terms for the transaction.
The players
Willis Re
Willis Re is the reinsurance arm of the global insurance broker Willis, with operations in Bermuda and a growing presence in the US market.
BMS Re US
BMS Re US is an independent US reinsurance platform that provides bespoke reinsurance and capital solutions.
The details
Willis Re completed the acquisition of BMS Re US along with BMS Intermediaries, BMS Capital Advisory, and the associated London-based US reinsurance broking team. The move is expected to enhance existing capabilities and diversify the firm into new lines of business across property catastrophe, medical malpractice, and workers' compensation.
Timeline
• November 1, 2026: Willis Re announced completion of the BMS Re US acquisition.
Market Landscape
The deal follows a pattern of larger brokers absorbing independent reinsurance platforms to widen their product range in specialty lines. It positions Willis Re to compete more directly in US property and casualty reinsurance, where capital and bespoke structuring are key differentiators.
For policyholders and businesses buying coverage, the deal could eventually widen the range of bespoke reinsurance and capital solutions available through Willis Re. The extraction does not indicate any near-term change to premiums or policy terms.
The takeaway
Consolidation among reinsurance brokers can expand the specialty products available to insurers and their clients over time. Readers following insurance costs should watch whether broader capacity translates into more competitive pricing.
Further reading
For broader context on how reinsurance deals reshape the market, explore our Insurance coverage.
