Andrew Sierra appointed new President of BMI Financial Group, Inc.

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Andrew Sierra appointed new President of BMI Financial Group, Inc.

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BMI, a leading company in life and health insurance products with an expertise in Latin America, has announced the appointment of Mr. Andrew Sierra as President of BMI, the holding company, as well as its two primary insurance carriers, Best Meridian Insurance Company and Best Meridian International Insurance Company I.I.

This promotion recognizes Mr. Sierra’s outstanding professional track record, his deep knowledge of the insurance sector and his exceptional dedication as a member of the BMI team for over fifteen years.

According to Mr. Anthony Sierra, BMI’s Chairman and CEO, “BMI is a unique company, founded by our father, Tony Sierra, who instilled family values into the business. Andrew was born a member of the BMI family and has always embraced the values for which the Company stands as well as understood the importance of working with both our family and colleagues in order to make the Company into what it is today. I am very proud of Andrew and his outstanding professional track record here. He possesses not only the talent, but the strong desire, to advance the BMI into the future.”

Andrew Sierra has a deep understanding of all parts of the BMI business, given his various roles throughout the years in finance, compliance and operations. Most recently, he was Chief Operating Officer, overseeing technology & operations, human resources, strategy as well as the Company’s global life & health businesses.

In his new role as President, Mr. Sierra will also be responsible for the finance team and reinsurance fronting business.

Mr. Sierra shared his enthusiasm for his new role,“I am deeply honored to take on this position at such a pivotal time for BMI. As we embark on this exciting new chapter, I am committed to continuing to create value for our customers, agents and providers. This is just the beginning of a transformative journey for BMI, and I am excited about the future we will build”.

Under Mr. Sierra’s leadership, the Company will increase its focus on profitable long-term growth and customer-centric innovation for the benefit of its policyholders, provider, members as well as other key stakeholders.

About BMI Financial Group, Inc.

Headquartered in Miami, Florida, BMI was founded in 1973 and has over 50 years of consecutive experience primarily dedicated to the Latin American and Caribbean insurance markets.

Its in-depth knowledge of the international insurance market and extensive portfolio of life, health and travel assistance insurance products as well as reinsurance fronting solutions have been a winning formula, positioning BMI as a stable, reputable and financially solid company.

BMI has corporate subsidiaries in a variety of markets including the United States, Colombia, Costa Rica, Ecuador, Guatemala, the Dominican Republic, Venezuela and Taiwan. 

Likewise, it holds an A- (Excellent) financial strength rating awarded by AM Best, an independent assessment of a company's financial strength and its ability to meet its contractual obligations in the present and future.

Integrity, commitment, empathy, and responsibility are core pillars of BMI’s corporate philosophy. Currently, the second and third generations of the founding family provide leadership, innovation and peace of mind to clients around the world.

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