UAE: BMS completes acquisition of Berns Brett Masaood and rebrands to BMS Masaood

Source: Middle East Insurance Review | Feb 2024

BMS, an independent specialist insurance and reinsurance broker, has completed its majority stake acquisition of Berns Brett Masaood, an insurance broker established in 2007 and headquartered in Abu Dhabi and Dubai.

This is BMS’s first acquisition in the region and testifies to BMS’ ambitious growth plans, the company said.

Now operating as BMS Masaood, the UAE broker will continue its specialism in energy, institutional and affinity sectors while also expanding into new specialisms to complement BMS’s specialty operations in London.

In 2023 alone, BMS completed 10 acquisitions and achieved 30% growth across its core pillars of specialty insurance, reinsurance and international business. M

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