BMS Capital Advisory CEO Romulo Braga departs for AMS

BMS Capital Advisory CEO Romulo Braga departs for AMS

Romulo Braga is departing from his position as CEO of BMS Capital Advisory, Inc., the broker-dealer, financial investment capital, ils and banking markets arm of insurance and reinsurance brokerage BMS.Braga is signing up with AMS Management Group (AMS) as its Chief Financial Officer (CFO), a relocation that begins the heels of his groups work on a funding for the business.
As we reported recently, Kilter Finance, the insurance-focused specialty funding business launched by ILS market specialist Dan Knipe with backing from private equity giant KKR, invested $40 million into medical liability focused insurance holding company Best Practices Medical Partners (BPMP).
BPMP is AMS holding company and Braga and his group at BMS Capital Advisory served as the exclusive advisor to BPMP on the financing.
Braga will sign up with AMS this month and will be accountable for scaling up business development through capital method optimisation, while dealing with nationwide business development, and supervising operations and infrastructure investments, the company stated.
Richard Welch, Co-Founder and CEO of BPMP commented, “structure on our relationship with Rom as a capital markets and reinsurance executive, I look forward to welcoming Rom, and securely think he will greatly help our Company execute our tactical initiatives and achieve our business objectives.”
“I am grateful and ecstatic to be signing up with a market-leading operation, and eagerly anticipate adding to a seasoned executive team that, considering that 2003, has continued to stand out in the across the country management and administration of medical professional liability insurance coverage programs,” Braga added.
Braga established and led the advancement of BMS Capital Advisory in 2013, prior to which he worked in senior capital advisory and reinsurance positions at Benfield Advisory and Aon Securities in the United States, United Kingdom and Brazil.
Braga brings considerable experience in insurance and reinsurance capital markets structuring, marketing and transactions, in addition to in the use of alternative capital sources to his new function.

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