Consilium eyes ‘transformational year’ of growth in 2023 with two CEOs
With a new leadership, broadened offerings and a host of recent senior hires, the Aventum Group's international re/insurance broking arm Consilium has signaled its intent to the market that it is “quietly building its presence as a Top 50 Broker” and expects 2023 to be a “transformational year” of growth. The company has hired a former WTW, JLT and Ed leader as new co-CEO to help shape and drive its business forward.
Paul Richards will now lead the business as co-CEO alongside James Baird who was appointed CEO in November.
The duo have been colleagues for 22 years, with their careers closely aligned. Richards was latterly executive director and a member of Ed’s executive committee for nearly three years and before that was managing director of Ed Broking’s professional and executive risks division. Prior to that, he spent nearly 11 years as the financial lines leader and executive director at Willis Towers Watson and 13 years as a partner at JLT both in the UK and Australia.
This is the latest in a series of senior hires revealed by Consilium in the space of a few months including a COO and head of claims. In total Consilium has onboarded 14 new starters since the start of 2023.
Baird, co-CEO & managing partner at Consilium, said: “Paul and I have worked together for many years and we’re delighted that he has taken up this role. We’re a proven partnership many times over and together we make a compelling and capable leadership team. Quietly building its presence as a Top 50 Broker, 2023 will be a transformational year for Consilium as we strive to be one of the best and most inspirational specialty wholesale (re)insurance broking businesses. We will continue to invest in people and systems; independent, nimble and unencumbered by legacy IT or investors’ demands, we are firmly in control of our own destiny. We will continue to attract the best people, broaden our offerings and global footprint and stay focussed on client service.”
Richards added: “I’m hugely excited to have the opportunity to help shape and drive this business forward and be a part of the journey it has embarked on. These host of recent senior appointments are a clear signal of intent to the market. We’ve undeniably got a long and challenging journey ahead to reach our destination, but I absolutely know that Consilium is destined for great things. It has the culture, the people, the drive, the investment, the expertise and the opportunity to succeed and perhaps most importantly it is passionate and cares about getting results for clients – something which clients everywhere will be keenly aware of following the challenging 1:1 reinsurance renewals. Under mine and James’s leadership, supported by the rest of the Group management team and staff it will be an exciting and rewarding journey ahead.”
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