BMS Group, a specialist insurance and reinsurance broker, agreed to acquire Trean Intermediaries, an independent reinsurance broker and services company, for £1.3bn ($1.7bn). “This acquisition underlines our strong commitment to the growth of our reinsurance business as well as the scale and diversity of our offering. We have an excellent team at BMS Re, with market-leading analytical capabilities, in which we are continuing to invest extensively, both in terms of technology and talent. The backing of our long-term investors allows us to leverage substantial financial firepower to implement a strategically aligned M&A strategy that sits alongside our proven organic growth model," Nick Cook, BMS Group CEO.