Advent launches delegated underwriting support
Insurance consulting firm Advent Solutions Management has launched Advent Insurance Management (AIM) to support the delegated authority underwriting market.
AIM will help companies to address the growing issues created by increased regulatory and operational pressures and will be led by Paul Bermingham.
Bermingham joins as a director from Xchanging where he served as executive director, claims.
David Hill, managing director of Advent, said: “I am extremely pleased to announce the launch of Advent Insurance Management, which builds on the existing insurance expertise within our group.
“Securing someone of Paul’s ability to lead it further adds to our blend of skills, which equates to a tremendous breadth of knowledge we can offer to clients. I look forward to working with him in this new venture to help our clients achieve their strategic ambitions.”
Bermingham added: “It is great to join David and the Advent team and to launch AIM, which will provide the best possible support and services for delegated underwriting businesses. Advent has supported the growth of the delegated underwriting market for many years but regulatory and competitive pressures are now creating a perfect storm for many businesses, which is hampering their potential for growth.
“Advent Insurance Management has been established specifically to help alleviate these pressures and allow business managers to capitalise on the new business potential that exist in the delegated underwriting market.”
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