By David Bull

May 19 - (The Insurer) - Startup reinsurance intermediary Fathom Re has officially launched with former BMS Re broking executives Matthew Haynes, Steve Pekala and Jarad Binder as partners.

Sources with knowledge of the situation suggested other former BMS Re and Trean executives are also expected to emerge at the startup.

Dallas, Texas-based Haynes takes the position of chief operating officer at the firm. He was most recently head of risk and compliance at Juniper Re after joining The Baldwin Group’s reinsurance intermediary from BMS Re.

According to his LinkedIn profile, Haynes left his role as head of risk and compliance at BMS Re at the end of 2023.

He had moved over to BMS Re with its acquisition of Trean Reinsurance Services in 2021.

Pekala has a focus on designing, placing and advising on programs in the workers’ compensation, hospital and physicians’ professional liability, and specialty P&C segments.

He was previously at BMS Re, which he joined with its acquisition of Advocate Reinsurance Partners in 2016. Pekala earlier spent six years with JLT Re after starting his broking career at Aon Benfield.

Binder was among a quartet of reinsurance brokers hired by Lockton Re from BMS Re’s Burlington, North Carolina office last year.

According to Fathom Re’s website, Binder’s focus is on structuring and placing reinsurance and servicing program business for regional and nationwide carriers and MGAs.

He also joined BMS Re with its acquisition of Trean, and was previously at Axiom Re, which was subsequently acquired by Beach & Associates (now Acrisure Re).

The former Trean colleagues left BMS after ex-Trean executives Sean Ryan and JJ Johnson exited the company.

North Carolina-based Johnson had moved to Trean in 2019 from JLT Re, where he had headed up the firm’s North America transportation team and co-managed its North Carolina operation. He previously managed and produced a meaningful book of business.

At the time of his exit last June, sources said he was expected to be out of the market for an unspecified period of time before assessing opportunities once he had fulfilled his contractual obligations.

On its website, Fathom Re says: “With a client-first mindset, Fathom Re designs, executes and services customized reinsurance programs with transparency and accountability.”