BMS Group (BMS), the independent specialist (re)insurance broker, has appointed Larry Broadnax as senior vice president, Property Facultative Leader, effective April 15. He will be based in Atlanta and report to Pete Chandler, president & CEO of BMS’s U.S. 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.
According to Chandler, BMS is strengthening its reinsurance capabilities by investing in its dedicated facultative teams.
Broadnax will be instrumental in developing new sources of capacity and designing programs for clients.
BMS Group has teams in the fields of reinsurance, wholesale and direct insurance.
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