Reinsurance News

Consilium launches marine division to expand speciality offerings

23rd May 2024 - Author: Beth Musselwhite

Consilium, the global speciality re/insurance broking arm of the Aventum Group, has introduced its new Marine division and appointed Thomas Noakes as Senior Partner.

consilium-logoThe division will grant comprehensive access to top-rated carriers in the Lloyd’s of London market and specialised marine markets across Europe, the Middle East, Latin America, and Asia.

This unit is dedicated to crafting tailored solutions to address the distinct needs of individual clients and the complexities of their operational areas.

With a focus on managing niche and complex risks, Consilium will respond promptly to develop and implement solutions, providing crucial clarity during times of heightened uncertainty. This includes navigating increased geopolitical tensions, disruptions in supply chains, and the aftermath of events like the Baltimore Bridge collapse, considered one of the most expensive maritime incidents for insurers and reinsurers in recent history.

Noakes brings 13 years of industry experience to his new position. He joins Consilium from Price Forbes & Partners, where he worked for over nine years, most recently serving as Associate Director. Prior to that, he held positions as a Broker at various firms including Thompson Heath and Bond Limited and Colemont Insurance Brokers.

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Paul Richards, Co-CEO and Managing Partner at Consilium, expresses his enthusiasm for the new launch, stating, “Broadening our range of expertise into the marine market is a natural step in our strategy to become the most inspiring independent speciality broker in the world.”

He adds, “Thomas will be a key player as we build out our division thanks to his expertise, dynamism, and strong commitment to client service. Consolidation has eroded the options left to clients and service has suffered. These are incredibly exciting times for us, as we seek to inspire marine customers through the delivery of consistently better outcomes.”

Noakes remarks, “I am very impressed with Consilium’s entrepreneurial culture which has fulfilled my desire to return to a nimble, truly independent, and client-first approach – a tradition that has been lost in the recent consolidation cycle. It has been refreshing to share the same personal values and vision along with Consilium’s desire to challenge the norm. This is an exciting time.”

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