Rasher Acquisition by BMS Completed, CEO Moves to Chief Growth Officer Position
Deal News | Mar 20, 2025 | Re-Insurance News
BMS Group has successfully completed its acquisition of Spanish insurance broker Rasher, now that regulatory approvals have been secured. Originally announced in December 2024, this acquisition is motivated by strategic alignment and aims to expand BMS's global platform and capabilities. Post-transaction, Gabriel Raya, former CEO of Rasher, has taken on the role of Chief Growth Officer at BMS Iberia and he will exercise responsibility over Rasher's expansion into Latin America. He is also joining the Board of Directors at BMS Iberia. This acquisition underscores BMS's commitment to enhancing its capabilities in the insurance brokerage field and fostering growth in new markets.
Sectors
- Insurance Brokerage
- Financial Services
Geography
- Spain – Rasher, the target company in the acquisition, is a Spanish insurance broker.
- United Kingdom – BMS Group, the acquiring company, is headquartered in the UK.
- Latin America – Rasher’s expansion into Latin America is planned, under the oversight of Gabriel Raya.
Industry
- Insurance Brokerage – The article relates to the acquisition of Rasher, an insurance broker that specializes in surety, credit, finance, and risk management solutions, by BMS Group, a company involved in insurance and reinsurance brokerage.
- Financial Services – As the acquisition involves companies dealing with credit and finance solutions, the financial services sector is relevant.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BMS Group | Acquirer | Company | A global insurance and reinsurance brokerage company, based in the UK. |
| Rasher | Target Company | Company | A Spanish broker specializing in surety, credit, finance, and risk management solutions. |
| Gabriel Raya | Chief Growth Officer, BMS Iberia | Person | Former CEO of Rasher, newly appointed Chief Growth Officer of BMS Iberia, responsible for Latin America expansion. |
| Nick Cook | CEO | Person | CEO of BMS Group, involved in the strategic growth and expansion of BMS, including the acquisition of Rasher. |