Advent hires Argent founder

Services provider Advent Insurance Management has appointed Paul Argent as a director.

Argent, the founder of specialist insurance consultancy Argent Business Solutions, has experience in the delegated market and has conducted numerous operational reviews of insurers, coverholders and TPAs.

The appointment follows the completion of Advent’s strategy to create a complete support network across North America.

Paul Bermingham, executive director, Advent Insurance Management, said: “The appointment of Paul Argent marks another significant milestone for our business. Central to our strategy is to build a best in class platform to support a range of businesses in the delegated underwriting authority market, which currently faces significant challenges.

“Paul has built a highly regarded business, renowned for its technical expertise and I am extremely pleased to welcome him to the Advent management team.”

Argent added: “I am delighted to join Advent and to add further capabilities to its broad range of partner services to the insurance industry.

“With regulatory challenges currently facing the delegated market we see this as an ideal opportunity to offer global services supported by proprietary systems designed to meet all of the requirements around conduct and the impending implementation of Solvency II Pillar 3 reporting.”