London-headquartered BMS Group, an independent global insurance and reinsurance broker, has expanded its presence in the Turkish market with the acquisition of Istanbul-based Oria Sigorta ve Reasurans Brokerligi, Middle East Insurance Review writes. The merged entity is to continue as BMS Group Sigorta ve Reasurans Brokerligi.

It is noted that this acquisition reinforces not only BMS Group’s long-term commitment to Turkiye but is a core part of its regional development as it expands further into the Middle East and beyond, and it significantly enhances its ability to deliver comprehensive, client-focused solutions across the region, according to a company statement.

Oria is an independent (re)insurance broking firm with an established strong presence in the local business environment. By combining this local expertise with the global network of BMS Group, the company is now positioned to offer more comprehensive, competitive, and solution-focused services to clients and insurance partners both in Turkiye and internationally, the source added.