BMS Capital Advisory sole investment banker in Coverys’ acquisition of R&Q Managing Agency
BMS Capital Advisory (“BMS CA”) today announced it acted as sole investment banker to Coverys in its intended acquisition of R&Q Managing Agency Limited (“RQMA”), a fully authorized Lloyd’s third party managing agency. RQMA is part of Randall & Quilter Investment Holdings (R&Q), a non-life insurance investor, underwriting manager, captive manager and service provider.
The acquisition is subject to regulatory approval by Lloyd’s and the Prudential Regulation Authority.
Gregg Hanson, CEO and president of Coverys, said: “This acquisition shows our determination to further strengthen our client offerings, and we are delighted to have achieved this milestone with help of expert advice from our partners at BMS CA.”
Romulo Braga, CEO of BMS CA, said: “This transaction highlights the continued attractiveness of Lloyd’s to capital investors. Assisting Coverys in establishing its London market presence is a high-profile achievement for our advisory business, and we are therefore very pleased to be able to demonstrate our firm’s ability to deliver cross-border, integrated advice and institutional knowledge.”
For further information please contact:
Haggie Partners
Peter Rigby
Tel: + 44 20 7562 4444
Peter.rigby@haggie.co.uk
Samantha Whiteley
Tel: + 44 20 7562 4444
samantha.whiteley@haggie.co.uk
Jakub Stawiski
Tel: + 44 20 7562 4444
jakub.stawiski@haggie.co.uk
About Coverys
Coverys is a leading provider of medical professional liability insurance for physicians, hospitals, dentists, podiatrists, and advanced practice providers. Coverys gets consistent recognition for its superior financial performance by inclusion in the Ward’s 50 for the past seven years. Coverys emphasizes proactive risk mitigation and patient safety programs that help clients anticipate, identify, and manage risk to reduce errors and improve outcomes.
For more information about Coverys please visit www.coverys.com
About BMS Capital Advisory, Inc.
BMS Capital Advisory, a member of the group of companies owned by Minova Insurance Holdings, is a full-service broker-dealer created to expand the group’s operational flexibility and bring alternative capital product offerings to current and prospective customers. Headquartered in New York City, with offices in Philadelphia and Minneapolis, BMS Capital Advisory advises insurance underwriters and distributors, private equity funds, and other institutional investors in the execution of select corporate finance engagements, such as mergers & acquisitions mandates and capital raise engagements, and insurance linked securities offerings.
For more information about BMS please visit www.bmsgroup.com/capital-advisory