Specialist (re)insurance broker BMS Group has announced the appointment of Tim Hewitt as Head of Japan.
Hewitt will initially focus on brokering insurance solutions for inbound-outbound mergers and acquisitions (M&A) activity. The move comes as the Japanese M&A market sees accelerated growth and demand increases for complex risk mitigation tools for dealmakers.
Prior to joining BMS, Hewitt served as Associate General Counsel for global private equity portfolio company Marelli. He has over two decades of legal industry experience, including several years as a lawyer specialising in M&A transactions in Tokyo and Sydney.
Sandra Lee, CEO of BMS Asia, commented on Hewitt’s appointment, stating that his “breadth of expertise will be invaluable” in their strategy to expand their presence in Asia and bolster their international Private Equity, Mergers & Acquisitions and Tax (PEMAT) operations.
Hewitt said he sees opportunity in the Japanese M&A insurance market due to “comparatively low inflation and the stabilization of the yen”, which continues to attract foreign investment opportunities. He added, “I look forward to working with our contacts in the market to raise awareness of the strategic use of M&A transaction insurance solutions as a valuable risk mitigation tool for dealmakers.”
In its announcement, the group said that, over time, it would aim to broaden its offering in Japan from PEMAT specialist advice to other sectors.
BMS has six offices to serve Asia Pac in Hong Kong, Melbourne, Singapore, Seoul, Sydney, and Tokyo. They have been active in their Australia expansion, having acquired six businesses in the space of a year, The Group plans to continue investing in the region as demand for local insurance solutions intensifies.