BMS hire will ‘build out’ US casualty facultative practice

Independent specialist re/insurance broker  BMS Group has appointed Rich Macrane as executive vice president, casualty facultative leader in the US.

He will join BMS’s Philadelphia office on June 22 and report to Pete Chandler, president and CEO of BMS’s US reinsurance arm.

Macrane take responsibility for “building out” the casualty facultative practice in the US team as part of the company’s overall expansion in the reinsurance space.

Macrane has more than 25 years’ facultative experience in the US reinsurance market. He joined Willis Tower Watson in 2002 and progressed to a series of senior roles, most recently serving as a managing director of the North America team. He also held the post of managing director at Kemper Insurance Company between 2000 and 2002.

Chandler said: “At a time when the market is swiftly evolving and facultative continues to become a much larger solution in bolstering treaty and program placements, BMS is constantly on the lookout for market leading talent to develop our reinsurance solutions.

“Rich’s strong acumen and market knowledge will be a great asset to our ever-expanding US reinsurance platform. Complementing our previously announced hire of Larry Broadnax to lead our property facultative practice, we now have two incredibly strong and well recognized industry leaders to drive our expansion into the facultative arena. We are thrilled to have Rich joining the team.”