Consilium, the international broking (re)insurance arm of the Aventum Group, has today announced the appointment of Paul Richards as co-CEO alongside James Baird who was named CEO in November.
Richards, who was formerly executive director and a member of Ed’s executive committee for nearly three years, has decades of insurance experience. He previously served as MD of Ed Broking’s professional and executive risks division after spending almost 11 years as financial lines leader and executive director at WTW and 13 years as a partner at JLT in the UK and Australia.
Commenting on the news, co-CEO and managing partner at Consilium, Baird – who has been colleagues with Richards for 22 years now – said the team was delighted that he has taken up his new leadership role.
“We’re a proven partnership many times over and together we make a compelling and capable leadership team,” he said. “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.”
Richards also commented on his appointment and said: “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.”
The news is the latest in a string of senior hires made by Consilium over the last few months, which include a new COO and head of claims. In a Press release, the business noted that it has onboarded 14 new starters since the start of 2023.
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