Vancouver, BC (June 15, 2022) – AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited, is pleased to announce that, effective June 1, 2022, Axis Insurance Managers completed their acquisition of BMG Aviation Ltd. d/b/a BMG Insurance Brokers. BMG is a western-based, privately owned insurance brokerage firm, specializing in aviation and aerospace risks, recognized, and respected nationally and internationally, for delivering a high level of knowledge, service, and support to their clients and to the industry as a whole.
Axis is focused on building a best-in-class national insurance brokerage, establishing industry-based practice groups and teams, with demonstrated expertise across various industries.
The acquisition of BMG immediately positions Axis as a leader in Aviation and Aerospace insurance. Going forward, the group will operate under the Axis brand.
“Our focus is always on our client and in delivering tailored insurance programs designed to address their specific needs and wants. This evolution enables us to further enhance our client service, empower our people, and continue to ensure the best result for our clients,” said Maureen Crockett, Managing Director of BMG.
Maureen Crockett and Brian Julien will be responsible to lead and expand our Aviation and Aerospace practice, supported by their team.
“At the core of our combined teams is our shared corporate value of being Client-Focused. We understand that people and relationships are our business. The acquisition and partnership of BMG enables us as a group to further and enhance our pursuit of innovation, teamwork, and expertise,” said Alex Meier, Chief Executive Officer and President of Axis Insurance.
About AXIS Insurance
Headquartered in Vancouver, Axis Insurance serves local, national, and international clients with risk management and insurance services. Our professionals analyze business and personal risk to provide advice and solutions to mitigate, reduce or transfer those risks. With roots dating back to 1928, over 150 employees, and offices throughout the province it is one of the fastest growing and largest British Columbia-based brokerages. Additionally, Axis is a major shareholder in the Ontario-based brokerage, Magnes Insurance Group. Magnes also has an established Aviation and Aerospace practice. Newfoundland-based Wedgewood Insurance, is also a major shareholder in Magnes, and together, our enhanced practice group will deliver the expertise to support our clients across the country. For more information, please visit axisinsurance.ca.
About AXIS Capital
AXIS Capital (NYSE: AXS), through its operating subsidiaries, is a global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity of $5.3 billion at September 30, 2021, and locations in Bermuda, the United States, Europe, Singapore and Canada. Its operating subsidiaries have been assigned a rating of “A+” (“Strong”) by Standard & Poor’s and “A” (“Excellent”) by A.M. Best. For more information, please visit www.axiscapital.com.
Source: AXIS Capital Holdings LimitedTags: AXIS Insurance