BMS Group Expands Turkish Operations Through Oria Acquisition
BMS Group, the leading independent global insurance and reinsurance brokerage, has solidified its presence in the Turkish market by acquiring the well-established Istanbul-based re/insurance broker, Oria Sigorta ve Reasürans Brokerliği A.Ş.
BMS Group Enters the Turkish Market with a Strategic Acquisition
Oria, helmed by insurance expert Cenk Erden, has become a respected force in Turkey’s insurance and reinsurance sector. The company specializes in customized corporate insurance and employee health benefits programs. Founded in 2009, Oria has earned a loyal client base through its in-depth understanding of the local market and consistent service excellence.
The partnership with BMS Group merges Oria’s strong local capabilities with the global reach of BMS, enabling the new entity to deliver more comprehensive and competitive solutions. Clients and partners in Turkey—and beyond—will benefit from this strategic alignment.
Oria Begins a New Chapter Under BMS Group Leadership
As part of the acquisition, both Cenk Erden and Remzi Duman will join the Board of BMS Turkey. The unified operation will move forward as BMS Group Sigorta ve Reasürans Brokerliği A.Ş., marking a significant step in BMS’s regional growth strategy.
Cenk Erden remarked:
“This collaboration brings together Oria’s deep local knowledge with the group’s international platform. With our shared values and client-focused approach, we’re confident this partnership will drive mutual success.”
BMS Group Strengthens EMEA Strategy with Oria Integration
The Oria acquisition is a part of BMS Group’s broader plan to expand across the EMEA region (Europe, Middle East, and Africa). In addition to Oria, BMS has completed strategic acquisitions such as David Roberts & Partners in the UK and Rasher in Spain. The firm is also planning to enter Dubai’s DIFC, pending regulatory approval.
Nick Cook, CEO of BMS Group, highlighted the importance of the acquisition:
“Bringing Oria into the BMS family is a major step forward in our EMEA growth plan. Their deep-rooted client relationships and market expertise will elevate our Turkish operations. We’re delighted to welcome the Oria team.”
BMS Group Builds on the Momentum of BMS Turkey
Established just three years ago, BMS Turkey has already emerged as a rising player in the specialty broking space. Its strength lies in delivering customized solutions supported by the global resources of BMS Group.
Kerim Gürkan, CEO of BMS Turkey, stated:
“This merger brings together two culturally aligned firms focused on excellence. Oria’s sharp market perspective enhances our ability to innovate and deliver superior value. We’re enthusiastic about the growth opportunities this integration unlocks—locally and internationally.”
BMS Group Reinforces Commitment to Growth and Innovation
This acquisition is another milestone in the group’s mission to become a dominant global force in the re/insurance sector. By strategically partnering with locally entrenched firms like Oria, the group positions itself to meet the evolving needs of complex client portfolios worldwide.
With Oria’s seasoned leadership and dedicated professionals now part of the team, the group is well-equipped to continue its rapid growth. Clients can expect an expanded range of services, greater specialization, and access to a wider global network.
Through this move, BMS Group reaffirms its commitment to delivering high-value, tailored insurance solutions and advancing its presence in global markets.
