BMS Group, the London-based independent re/insurance broker, has acquired Istanbul, Turkey-based Oria Sigorta ve Reasürans Brokerliği A.Ş.
Financial details were not provided.
Founded in 2019, Oria is an independent insurance and reinsurance broking firm that has built a strong reputation in the corporate insurance space and employee health benefits solutions.
BMS said this acquisition reinforces its long-term commitment to Turkey and is a core part of its regional development as it expands further into the Middle East and beyond.
Following the acquisition, the Oria team will integrate into BMS Group’s Turkish operations and operate under the BMS brand. By combining BMS’s global reach with Oria’s deep local insight, the company is poised to deliver more holistic, competitive, and solutions-oriented services to clients and insurance partners in Turkey and internationally.
BMS’s international strategic acquisitions across Europe and the Middle East have included David Roberts & Partners (UK), Rasher (Spain), and BMS entry into the Dubai International Financial Centre (DIFC), subject to regulatory approval.
“Acquiring Oria represents a significant step forward in our EMEA growth strategy. Their talented team brings valuable expertise and strong client relationships that will further elevate our capabilities in Turkey. We’re delighted to welcome them into the BMS family,” commented Nick Cook, CEO of BMS Group.
“This is an integration of two like-minded businesses. Over the past three years, BMS has established itself in Turkey as a leading specialty broker with strong international capacity,” said Kerim Gürkan, CEO of BMS Turkey. “Now, by joining forces with Oria’s experienced team and local insight, we enter an exciting new chapter—broadening our client base and deepening the value we bring to both clients and insurance partners, locally and globally.”
“This strategic merger brings together Oria’s local market knowledge with BMS’s international strength and vision. It’s a natural fit built on shared values and a commitment to delivering high-impact, high-value solutions,” according to Cenk Erden, founder and CEO of Oria Sigorta. Erden will take on the role of chief growth officer and join the board of BMS Turkey.
Topics
Mergers & Acquisitions
Agencies
Interested in Agencies?
Get automatic alerts for this topic.
Source link
