BMS Group (BMS), the global specialist insurance and reinsurance broker, has announced its acquisition of Sydney based Armstrong Nisbet Insurance Brokers (ANIB).
In a media release, BMS Australia CEO Andrew Godden said: “It is an honour to join forces.”
“In particular, they [ANIB] bring a wealth of knowledge and market-leading expertise in ESG advisory and renewable energy, which will strengthen and deepen our client offering in this space,” said Godden.
On its website, the Sydney brokerage describes itself as a family-owned business with more than 50 years’ experience. The firm was founded, says the website, as an insurance specialist for civil engineering, building construction, mining and resources and information technology.
One of ANIB’s early insured projects included a final stage in the construction of the Sydney Opera House.
Director and founder Robin Nisbet (pictured above) said the decision to sell to BMS was based on that firm’s global capability and culture.
“In making this transition,” said Nisbet, “It was extremely important to find a partner who shares our client-focused values and a commitment to service excellence.”
He said the firm’s clients will also now have access to a “deeper level of service” including BMS’s global specialist insurance, re-insurance and capital markets advisory services.
ANIB is part of the Armstrong Nisbet group, which includes Armstrong Nisbet Consulting and Armstrong Nisbet Capital. Under the deal, only the Insurance Broking business will be transferred to BMS.
Nisbet is also a former director of the National Insurance Brokers Association (NIBA).
