Consilium launches facultative reinsurance offering

Consilium has announced the launch of a cedant-driven FAC reinsurance division. Simon Richardson has been appointed managing partner of the 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 FAC team. Before that he was instrumental in the formation of JLT Fac, and before that, held senior positions with Willis and Lockton.

Richardson commented: “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.”

Commenting on the appointment, David Bearman, founder and CEO of Consilium’s parent group Aventum, said: “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.