Independent specialist re/insurance broker BMS has named Eric Matheny as CFO of BMS Re.
Matheny succeeds current CFO Steve Korducki, who will take a more active role in client-facing activities, a company release said. Korducki will transition into the role of vice chairman of BMS Re, and will oversee capital advisory, property catastrophe solutions, and corporate strategic alliances.
As CFO, Matheny will be based in BMS’s Chicago office, and will report to BMS Re president and CEO Pete Chandler.
With a career spanning over 34 years, Matheny has leadership experience in both finance and operations roles. He joins BMS Re from Allianz Global Corporate and Specialty (AGCS), where he most recently served as head of operations. Before that, he operated his own consultancy business for two years as a financial planner in Chicago.
Matheny began his finance career in General Electric’s Financial Management Program in 1987, and later held senior roles at the company, including as CFO of General Electric’s French life insurance company Vie Plus, and as CFO of GE Capital’s Consumer Lending business.
“With the addition of Eric, we are demonstrating our commitment to continued, considerable investment into our business across all areas. Eric’s broad range of leadership experience in finance and operations roles demonstrates exactly the sort of breadth, agility and versatility required to support the continued expansion of our US reinsurance operations,” said BMS Re president and CEO Pete Chandler.
“The team at BMS Re is excellent and recognized as some of the best in the industry, with outstanding analytical capabilities and market-leading and client-focused operational practices,” commented Matheny, adding that BMS’s dynamism, independence and investment strategy “provide exciting new opportunities,” and that he looks forward to the company’s continued growth.