BMS' Advocate acquisition provides E&S opportunity

BMS Intermediaries (BMS Re US) has bought Advocate Reinsurance
Partners, the intermediary launched in 2010 by Randall Goss-led
wholesale broker and MGA US Risk.
And the combination could create opportunities to deliver more
Lloyd's insurance E&S capacity to the US marketplace,
according to BMS Re US CEO Andrew Bustillo.
The executive told The Insurance
Insider that both firms have been putting together
coverholder arrangements to bring capacity to sit behind
traditional MGAs.
The combined or