BMS names new president of US reinsurance

BMS names new president of US reinsurance | Insurance Business

BMS names new president of US reinsurance

Independent specialist reinsurance broker BMS Group has announced the appointment of Pete Chandler as president of US reinsurance operations, effective May 27. Chandler will also join the BMS US board. He will report to Steve Korducki, US reinsurance CEO.

Chandler joins BMS from JLT Re, where he served as deputy CEO of the company’s US broking arm. He has also served as Marsh’s managing director for the Western region, North American COO for Guy Carpenter, and executive vice president at Benfield.

“BMS’s independence and resolute commitment to the US reinsurance market continues to attract some of the industry’s leading talent,” said Bick Cook, CEO of BMS Group. “There is great opportunity for growth in our US operations as clients increasingly look for independence married to technical and analytical scale and expertise. Pete is one of the most experienced reinsurance brokers in the market and will be a huge asset to the BMS US team. I am pleased to announce his appointment today and look forward to working with him and Steve Korducki to grow our US reinsurance arm.”

“There is a huge opportunity in the US for an independent broker of BMS’s ambition, analytical and actuarial capability and entrepreneurial culture,” Chandler said. “The investment BMS has made in talent, innovation and analytics has made it the most significant independent broker in the market, and I’m delighted to join such a formidable team.”