Press release
May 2026– BMS Group, the independent specialist insurance and reinsurance broker, today announces the launch of a cross-team unit focused on the broking and servicing of Lloyd’s market consortia. Led by Richard Wynn, the new unit will draw on BMS’s deep operational expertise in delegated authority structures and bespoke portfolio placements. Driven by a commitment to maximising value for their carrier clients, this initiative plays directly to BMS’s strengths by uniting the precise expertise and resources required to thrive in today's market.
In conjunction with Freddie Porritt and Emily Davies in BMS Re’s Treaty & Facultative units, this team will work across the business to supercharge carrier clients' existing portfolios, while managing the development of all future consortia facilities across the firm. Ultimately, this specialised team will act as a unified gateway for consortia business, ensuring consistency in operational simplicity and analytical depth, and providing clients with the insights needed in a sector that continues to grow rapidly.
Richard Dudley, Group Chief Broking Officer, commented: "Richard is exceptionally well placed to lead our consortia activity. He combines a deep technical understanding of delegated authority structures with a clear strategic vision. This refocused approach, backed by a growing, multi-disciplinary team, underlines our commitment to the success of the London market and ensures we remain a trusted independent partner for carriers"
Richard Wynn, Managing Director of Delegated Authority & Consortia, added: "Consortia deliver a win–win–win across our market – they improve capital deployment, unlock larger and more consistent capacity and align all stakeholders around underwriting quality. Our aim with this specialist unit is to help carriers harness these advantages through bespoke, efficient consortium solutions and allow them to navigate this next stage of the cycle.”
