The Cayman Islands Monetary Authority has granted a licence to international (re)insurance Consilium, which is part of the US$1.5 billion Aventum Group.
Consilium announced in a press release that its focus in the region will be in the financial and professional lines, construction and commercial property sectors, drawing on its established expertise in these lines.
James Baird, joint CEO of Consilium, said in the release, “We’re delighted to add the Cayman Islands to our growing list of licensed jurisdictions. We look forward to reconnecting with clients in the region and developing new relationships. Thanks must go to CIMA for their support throughout the smooth application process.”
Earlier this year, Consilium became licensed in Jersey and was licensed to operate in Guernsey in 2022.
Consilium is a Top 50 broker in the UK with 15 offices globally supporting its brokers and direct clients in a number of specialty lines, including financial and professional liability, cyber, commercial property, construction and Cedant FAC reinsurance.
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