BMS bolsters financial risks division with three key hires

BMS, an independent specialist insurance and reinsurance broker, has announced that Tom Spraggs, Richard Austwick, and Tom Woolcott will join its financial and professional risks (Finpro) division.

Based in London, the trio will report to Drew Harvey, director of Finpro at BMS.

Spraggs, Austwick, and Woolcott join from Howden’s financial institutions team, formerly Protean Risk, and will focus on providing tailored solutions to BMS’ direct clients. 

Spraggs joins as director and head of UK financial institutions. Having formerly been a member of the executive committee and a team leader at Howden, Spraggs brings more than a decade of experience delivering complex insurance solutions and a specialsation in asset management. Austwick joins as divisional director and brings a decade’s worth of experience advising clients in the financial services sector. 

Woolcott joins as a broker. He has experience managing a range of clients from investment managers and funds to private equity and venture capital entities across the UK and Europe.


Drew Harvey commented on the new hires:

“BMS is always looking to improve on the service we provide for our clients. By strengthening our offering with the experience and talent of these hires, we are not only enhancing the service we provide but also contributing significantly to our ability to stay ahead in an evolving marketplace. We are excited to welcome them to BMS and are looking forward to working with them as we further the growth of BMS.”

Ian Gormley, UK CEO, added:

“We’re really excited for Tom, Richard, and Tom to join the expansion of our FINPRO division – they are amongst many brilliant additions to the BMS UK team this year. We are now actively looking for exceptional talent across this sector of the market including financial institutions, D&O, professional liability and cyber – and we believe we can offer expert brokers the opportunity to build something new and exciting.”


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Emma Cockings
Emma is a content editor for Claims Media. Emma is a experienced writer with a background in client-centric personal injury for a major firm. She has attended and reported on multiple brokerage events throughout her career.