Consilium launches cedant fac reinsurance with Willis/JLT/Lockton veteran

Consilium, the global speciality re/insurance broking business of the Aventum Group, has established new cedant driven fac reinsurance operations, led by a market veteran with a background at Willis, JLT, Lockton and most recently Besso Re.

Simon Richardson has been appointed managing partner of the new division and following his notice period will join Consilium from Besso Re.

At Besso Re, Richardson was head of North America and helped create its global facultative team. Prior to that, he was instrumental in the formation of JLT Fac, and before that, held senior positions with Willis and Lockton.

The new fac division will complement Consilium’s existing worldwide broking operations and will draw on its broad network and knowledge base to develop new opportunities across the globe.

Richardson believes “there is a real thirst in the current market for an independent viewpoint on FAC in a highly consolidated environment, and Consilium is uniquely placed to offer that.”

“We see huge potential to use this platform to unlock opportunities and provide solutions for our clients. It is exciting to be joining such a dynamic organisation that’s never satisfied to accept the status quo.”

David Bearman, founder and CEO of Consilium’s parent group Aventum, said: “Simon has immense expertise and knowledge and a strong track record of establishing successful cedant driven FAC Reinsurance operations. Our group MGA Rokstone has worked closely with Simon in his previous roles – he was one of the hungriest and most creative brokers in the market, so we’re delighted to welcome him to Consilium. We now have international reinsurance broking capabilities across the globe. This new cedant led division will complement those operations and be a platform that we can expand both in class and territory.”

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