We are immensely proud to announce that BMI was recognized by Latino Leaders as 13th among the 500 largest Latino-owned companies in the United States. We have achieved this recognition thanks to our clients' confidence and our commitment to excellence and innovation.
This recognition is tangible proof of our growth in the industry. Today we stand as a financially solid company with more than $2.07 billion in assets, more than $567 million in premiums in force, $26.2 billion in active insurance, and a renewal rate of 85 percent.
Reflected in this award is the conviction that our clients and partners have had in us for more than 50 years. In 2024, we were number 43, but thanks to a client-centric approach and our solid financial stability, we have achieved this new position.
"Since 1973 we have joined efforts to achieve multinational growth that is now a reality. Our track record in Latin America and Asia, along with a deep understanding of each market's dynamics, consolidates our positioning as a high-value strategic partner in the insurance sector," specified Anthony Sierra, BMI’s Chief Executive Officer and Chairman of the Board of Directors.
At the awards ceremony on September 18th, Stephanie García, Vice President of Marketing and Business Development, received this recognition on behalf of BMI, marking a very special moment as she represented the third generation of the Sierra family, founders of the company.
Stephanie García added, "Our rise in the Latino Leaders ranking is a reflection of the disciplined and strategic work we have carried out in recent years. This new position reaffirms our commitment to continue offering value and excellence to those who place their trust in BMI."
Latino-owned businesses in the United States continue to grow at a faster pace than any other sector. As of October of last year, the Latino community represented approximately 20 percent of the total population.
In this month that celebrates Hispanic Heritage in the United States, we want to express our gratitude for this recognition and acknowledge the contribution of our community, whose dedication has been key to the country's economic growth and development.
