BMG has become one of the quiet success stories of the Lloyd's insurance market. From small beginnings in the City of London in 2007, with Lloyd's accreditation secured in October 2009, BMG now places business at a run rate of $70 million per annum, shortly to rise to $100 million, a significant proportion of which is placed at Lloyd's itself.
Consistent year on year growth of a minimum of 25% has been driven by a tight focus on three core areas - Equine, and Pet - where it has become a market leader. These niche markets have proved to be recession proof, especially Pet where there has been tremendous growth which seems set to continue.
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