BMS, the independent specialist insurance and reinsurance broker, today announces the appointment of Eric Matheny as CFO of BMS Re, effective immediately. Matheny will be based in BMS’s Chicago office and report to Pete Chandler, President and CEO of BMS Re.
Steve Korducki, the current US CFO, will be taking a more active role in client facing activities, particularly around Capital Advisory, Property Cat Solutions and corporate strategic alliances as Vice Chairman of BMS Re.
Matheny brings with him a diverse range of leadership experience in both finance and operations roles from a career spanning over 34 years. He joins BMS Re from North America at Allianz Global Corporate and Speciality (AGCS), where he was Head of Operations. Prior to that, he ran his own consultancy business for two years as a financial planner in Chicago. Matheny began his career in finance in General Electric’s Financial Management Program in 1987, after which he held senior roles at General Electric, including as CFO of the business’ French life insurance company Vie Plus and as CFO of GE Capital’s Consumer Lending business.
Chandler said: “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. He is passionate about leadership and places great emphasis on employee engagement, a quality we value deeply here at BMS.
It is an extraordinarily exciting time for us and Eric is one of a number of important, strategic hires in broking, analytics and executives that we have made to date and we only expect this to continue. I am thrilled to have Eric on board. He will make an excellent addition to our talented team.”
Matheny said: “The team at BMS Re is excellent and recognised as some of the best in the industry, with outstanding analytical capabilities and market-leading and client-focused operational practices. BMS’s dynamism, independence and investment strategy provide exciting new opportunities and I am looking forward to contributing to BMS’s continued growth and success.”