Direct Insurance, the fast growing independent International (Re)Insurance Group, has recently announced a global restructure and rebrand to Aventum. The move came with the focus to position the group for the next stage in its journey to become one of the biggest and the best global (re)insurance specialty wholesale businesses in the world.
The restructure brings together the group’s UK and international teams into one combined global insurance group with two distinct businesses – underwriting and broking. Consilium is now Aventum’s International Speciality Wholesale (Re)insurance Broker, bringing together the group’s global broking operations, while Rokstone is now Aventum’s International Speciality (Re)Insurance MGA, bringing together its global underwriting operations. Consilium and Rokstone together are centred under one homogonous brand, Aventum, currently placing over $600m GWP worldwide.
The Group also has robust plans for M&A across the group with a multi-million-pound war chest and an existing pipeline of acquisitions already in progress.
Aventum is independently owned by Group CEO David Bearman, who said, “We want Aventum to be a global insurance brand that endures – a lasting landmark in the market. The restructure and rebrand puts us in a strong position – we are fit, agile, focused and ready for the next stage in our journey to become the best global (re)insurance speciality wholesale business in the world. These are not baseless statements of intent – we are determined and we’re well on our way. We’ve spent 25 years busily and quietly building a number of individual specialty businesses successfully. Now we’re over half a billion dollars we’ve got serious scale, the expertise and the infrastructure to tackle the next leg of our journey. Now the time is right to unveil who we are. We might be at more than half a billion dollars but we’re on an epic journey and the exciting thing is that we’ve only just begun.”
