BMS Group (“BMS”), the independent specialist (re)insurance broker, today announced the appointment of Larry Broadnax as Senior Vice President, Property Facultative Leader, effective on 15 April 2020. He will be based in Atlanta and reports to Pete Chandler, president & CEO of BMS’s US reinsurance arm.
Broadnax joins BMS with more than 40 years’ insurance experience, specializing in property facultative (re)insurance. Broadnax has worked as Vice President, Facultative Property Broker at Guy Carpenter since 2003, where he focused on strategic planning and was responsible for the negotiation and placement of various property lines of insurance. Broadnax has also held various senior roles at Northbrook Insurance Companies, handling a number of property and casualty accounts. Broadnax began his career at Liberty Mutual Insurance in 1980.
Chandler said: “Tailored facultative reinsurance solutions are crucial for BMS’s clients to secure and grow their position in the marketplace. We are therefore strengthening our reinsurance capabilities by investing in our dedicated facultative teams.
With his experience and market intelligence, Larry will be instrumental in developing new sources of capacity and designing cost-effective solutions for our clients. We look forward to working closely with him and the rest of the team and I am therefore pleased to welcome him to BMS.”