BMS Capital boosts team with catastrophe veteran
Broker-dealer BMS Capital Advisory has appointed Steve Korducki as general securities representative.
Korducki currently serves as executive vice president of BMS Intermediaries, the US-based reinsurance arm of Minova Insurance. He also serves on BMS Intermediaries US executive committee and leads BMS’ Florida strategy.
According to BMS, Korducki was an early pioneer in the development of catastrophe bonds and insurance linked securities.
In his new role, he will assist the firm in the expansion of non-traditional catastrophe coverage solutions for BMS clients and new business prospects.
Rom Braga, BMS Capital Advisory’s chief executive officer, said: “We are guided by a group-wide partnership approach as we strive to deliver capital management solutions to our clients. With Steve on board, our clients now have access to another insurance executive with extensive industry experience, especially in peak catastrophe zones, such as Florida.”
Korducki added: “Risk management in catastrophe exposed regions, like Florida, requires front-end aggregate management strategies and controls, as well as cost-effective and efficient risk transfer capabilities, across traditional and non traditional reinsurance and capital markets.
“BMS is committed to the development of customised front-end risk management technology and the seamless integration of capital markets into the risk transfer process for our clients.”
