Aventum Group’s specialty re/insurance broking business, Consilium, has launched a dedicated Specialty Treaty Reinsurance division, which will be led by Paul Cousins and Matt Webb as Partners.
This new treaty unit compliments the firm’s existing global broking operations and comes soon after the launch of its cedant driven FAC reinsurance division last month.
It will offer both proportional and non-proportional reinsurance solutions for a range of clients, from startups to mature insurance carriers and MGAs.
The new division will leverage Consilium’s wide-reaching network and knowledge base to create new opportunities around the world and will draw on its parent’s actuarial and technology capabilities within Mulberry to bring both transparency and confidence to clients and carriers.
In terms of the treaty arm’s leaders, Cousins has 44 years of experience in the market both underwriting and broking. During his career, he has served as Head of Treaty Underwriting at Employers Re, now Swiss Re UK; Treaty Underwriter at Soreman/SCOR; Head of Treaty at Canopius; and Chief Underwriting Officer at SRIR.
He joins Consilium from Chesterfield Group, where he most recently served as Executive Director Delegated Underwriting. Previously, he spent eight years with reinsurance broker Aon Benfield as Head of Strategy and Business Development.
Webb joins from Ed Broking where he served as Division Director of Reinsurance. He had been with the company for the majority of his career, almost 23 years. Previously, he held senior roles at Cooper Gay and Newman Martin Buchan prior to them becoming Ed Broking in 2016.
David Bearman, Founder and Chief Executive Officer of Aventum, said: “Consilium now has the scale and experience to offer clients a holistic Specialty Reinsurance solution. We have international reinsurance broking capabilities across the globe and we will be expanding those in both class and territory. The expertise we have on board, our commitment to truly understand the clients and their portfolio and to always ‘go the extra mile’, combined with our inhouse actuarial capabilities, will be a game changer in the Treaty market.
“Mulberry brings something that’s completely new to the Treaty table – never before have insurers and MGAs had accessible access to such levels of actionable data and analysis, fast.”
