BMS extends its footprint in Turkey

27 May 2021 — Alexandra GUZUN
New establishment of BMS, the independent specialist insurance and reinsurance broker, will be in Turkey. BMS Sigorta ve Reasurans Brokerligi A.S ("BMS Turkey") new unit will have the headquarter in Istanbul and leaders will report in London to Peregrine Towneley, Chairman of International Operations.

The Turkish arm will offer facultative and treaty reinsurance services as well as emphasize on specialty lines. The leading team will be: Servet Gurkan, Tamer Saka and Kerim Gurkan.

Nick Cook, CEO of BMS, said: "Establishing BMS in Turkey is a key milestone and represents our initial expansion into the Near and Middle East, as well as a bridge to the Commonwealth of Independent States and neighboring countries. It is our intention to build a truly regional business and to provide our existing and future customers with a specialty and reinsurance service of proven professionalism and resilience."

Servet Gurkan has a nearly a forty-year experience of working in underwriting and broking businesses in Turkey, including as CEO of Aon Re Turkey and most recently as Chairman and CEO of JLT Turkey. Beyond his career in the broking industry, he has also established numerous insurance companies in Turkey and in Cyprus.

Gurkan said: "In BMS, we have found an established and recognized brand whose client focused philosophy we are entirely aligned with. Together we are excited to start building a new and dynamic operation to expand and enhance the reach of BMS throughout the region for the benefit of clients and markets."

Saka has extensive experience in insurance, as a former managing director of Willis for Turkey and the Eurasian region and of MGA ProRisk. He has also served in a number of senior roles in Turkish industrial conglomerates, most recently at Sabanci Holdings since 2018, as President of its cement operation, and between 2014 and 2018 at Kibar Holding, where he was CEO.

After starting his career in Ferrari, Kerim Gurkan worked as a management consultant at Bain & Co, Italy and was a managing director and a key producer for JLT Turkey. He recently held a senior leadership role in Flixbus, Europe's no.1 mobility provider.

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