He will lead the business as Co-CEO alongside James Baird who was appointed CEO in November

Aventum-owned reinsurance broker Consilium has appointed Paul Richards to lead the business as Co-CEO alongside James Baird who was appointed CEO in November.

The duo have been colleagues for 22 years, 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.

In total Consilium has onboarded 14 new starters since the start of 2023. Baird said he has a “proven partnership” with RIchards and that together they ”make a compelling and capable leadership team”. 

”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 focused on client service.”

Richards added that Consilium’s 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.”