BMS hires catastrophe veteran in Florida

BMS Intermediaries, the US based reinsurance arm of Minova Insurance Holdings, has appointed Steve Korducki as executive vice president.

Industry veteran Korducki joins BMS with immediate effect and will report to Andrew Bustillo, chief executive officer. He will also join the group’s US Executive Committee and be located in Tampa, Florida.

His focus will be on further developing BMS’ Florida initiative, as well as expanding non-traditional catastrophe coverage solutions for BMS clients and prospects.

Andrew Bustillo, CEO of BMS Intermediaries, said: “I am delighted to welcome Steve to BMS Intermediaries. Steve is well respected and well known in the cat re/insurance marketplace. We are fortunate to be able to provide his services to our clients and prospects.”

Steve is currently a director of AAO Insurance Company and Coastal American Insurance Holdings, and is the principal and owner of Risk Partners, a strategic consulting firm. His extensive experience includes leading the underwriting turnaround of a Florida-based property insurer and building a start-up multi-state residential property insurance company writing catastrophe exposed business.

He has also held executive roles with Guy Carpenter, E W Blanch Company (where he started Blanch Capital Markets), Booke & Company, and EY.