July 20, 2024

Consilium launches North America property division

Consilium launches North America property division | Insurance Business America

Industry veteran to lead London-based team

Consilium launches North America property division

Consilium, the global specialty (re)insurance broking arm of the Aventum Group, has announced the launch of a North America property division.

The division will be led by Jack Anderson (pictured above), who will join Consilium in February as a senior partner.

Anderson has a decade of experience in the North American market. He joins Consilium from Gallagher, where he served as a director. He has also held positions at Amwins Global Risks and Besso.

Consilium’s London-based North American property team will complement its existing international property broking operations in the UK, Latin America, the US and Caribbean, Canada, Asia and Australia, the company said. The team will have unrestricted access to global A-rated carriers in the specialist markets in those regions.

Property clients will also benefit from Consilium’s expertise in lines including treaty, FAC reinsurance, cyber, casualty, financial and professional lines, construction, waste and recycling, and delegated risk solutions, the company said.

“Broadening our property portfolio was a key part of our strategic growth plan this year,” said James Baird, co-CEO of Consilium. “We’re excited to have Jack on board to lead our North American property operation. His combined retail and wholesale experience and solid relationships in the US market will create significant opportunity for us and accelerate Consilium’s growth.”

“We continue to attract the best people with expertise and an entrepreneurial spirit that will help us to broaden our offerings and global footprint whilst staying absolutely focused on client service,” Baird said. “With the benefits of independence, Consilium empowers people like Jack to set and achieve their goals, fully supported by the backbone of a business that makes continuous investment in its core services. This model creates something truly special that sets Consilium apart. A fast-growing and successful broker that is fiercely independent means we can also offer clients much-needed long-term stability – a valuable commodity in the current landscape.”

Consilium said it plans to grow the North American team quickly, with a number of new appointments expected in the future.

The company has reported a compound annual growth rate of 39% since 2019 and has increased its headcount by 85% since June 2022. Consilium projects a further 45% growth in 2024, and is on target to reach $1.4 billion in gross written premium by 2026.

In July of last year, Consilium announced that it had received a license from the Cayman Islands Monetary Authority.

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