BMS hires senior property facultative leader from Guy Carpenter

Specialist re/insurance broker BMS Group has expanded its US property facultative team with a senior hire from Guy Carpenter.

Larry Broadnax joins as senior vice president, property facultative leader. He will be based in Atlanta and report to Pete Chandler, president & CEO of BMS’s US reinsurance arm.

Broadnax joins BMS with over 40 years of insurance experience, specialising 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. He 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.”