BMS names new mining practice leader

BMS names new mining practice leader | Insurance Business America

Insurance News

BMS names new mining practice leader

The appointment supports the expansion of the company’s mining practice

Insurance News

By
Noel Sales Barcelona

London-based independent re/insurance broker BMS Group has recently announced the appointment of Spencer Pearce (pictured right) as its new mining practice head, beginning November 2024. The company said that the move is to further strengthen – and broaden – BMS Group’s presence in the mineral extraction industry.

As the new mining practice head, Pearce will be directly reporting to international direct and facultative, global risks managing director Chris Ritchie.

According to the company’s statement, Pearce will be responsible for the expansion of BMS’s mining practice into new territories and will work to enhance the firm’s offerings by integrating complementary product lines that add significant value to BMS’s diverse client base.

Pearce has three decades of experience in the re/insurance industry, holding both underwriting and broking roles.

Pearce began his career in underwriting working for companies such as AXA, AIG, and Chubb, specialising in the mining and power generation business. He then moved into broking business in the early 2000s and worked across clients on a global scale, working for Marsh, Aon, and JLT. Pearce then joined Canopius, where he moved to Lloyds to set up new lines of business, before eventually being made responsible for all natural resources business, including construction.

Ritchie said Pearce’s experience would be instrumental in achieving BMS Group’s goal of expanding its presence in the mining sector.

“Spencer’s extensive experience in managing complex insurance solutions and fostering client relationships will be instrumental in driving BMS forward, especially as we look to grow our distribution further geographically – we can’t wait for him to get started,” Ritchie said.

“I am thrilled to be joining BMS, a business I have admired for some time. I’m looking forward to bringing my broking and underwriting experience to join this dynamic, fast-growing, and collaborative business,” Pearce said.

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