BMS Enhances Australian Presence with Strategic Acquisition
Deal News | Jul 01, 2025 | Re-Insurance News
BMS Group, an independent specialist insurance and reinsurance broker, has bolstered its international portfolio by acquiring Corporate and Commercial Insurance Brokers, a Queensland-based property broker. Originally founded in 2006, Corporate and Commercial provides risk management and insurance broking services to large privately-owned enterprises. As per the acquisition terms, Jeremy Murfin, the founder of Corporate and Commercial, will ascend to the role of Client Director for BMS Australia and join the Australian Executive Leadership Team. He will also report to Stephen Moore, Managing Director, BMS Risk Solutions QLD. This deal further enhances BMS's rapid international expansion, which has recently included acquisitions in Spain, Istanbul, and the UAE. Andrew Godden, CEO of BMS Australia, expressed enthusiasm for the continued partnership with Murfin, highlighting the strategic alignment between the companies. Murfin echoes these sentiments, noting the cultural and operational synergies that promise an enriched service experience for their clients.
Sectors
- Insurance
- Reinsurance
- Risk Management
- Financial Services
Geography
- Australia – The acquisition focuses on a company based in Queensland, showcasing significant regional growth for BMS in Australia.
- Global – The acquisition is part of BMS's international expansion strategy that includes various global locations such as Spain, Istanbul, and the UAE.
Industry
- Insurance – The primary focus of the article is on the expansion of BMS, an insurance and reinsurance broker, into new markets, specifically Australia.
- Reinsurance – As a reinsurance broker, BMS deals with contracts in the reinsurance sector which necessitates expertise in global markets, which this acquisition supports.
- Risk Management – The article discusses risk management services provided by Corporate and Commercial Insurance Brokers and their integration into BMS's existing offerings.
- Financial Services – The acquisition boosts BMS’s services overall, aligning with the broader financial services sector, particularly in advisory capabilities.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BMS Group | Bidding Company/Buyer | Company | An independent specialist insurance and reinsurance broker expanding its reach with strategic acquisitions. |
| Corporate and Commercial Insurance Brokers | Target Company | Company | A Queensland-based company providing risk management and insurance broking services. |
| Jeremy Murfin | Person | Person | Founder and Director of Corporate and Commercial Insurance Brokers, will become Client Director for BMS Australia. |
| Stephen Moore | Managing Director | Person | Managing Director, BMS Risk Solutions QLD, to whom Jeremy Murfin will report. |
| Andrew Godden | Chief Executive Officer | Person | CEO of BMS Australia, commenting on the strategic value of the acquisition. |