Aventum is now fully staffed | Insurance Business America

Specialty insurance group Aventum, which operates from 17 offices around the world, has revealed that it is now fully staffed.

Announcing its new global employee ownership plan, the company also reported that it reached a significant milestone of $1.86 billion in gross written premium (GWP) this year. The corresponding sum in 2020 was $600 million.

Reflecting on the firm's growth trajectory, chief executive David Bearman (pictured above) said: “We are a business that values ​​purpose over profit, and wellbeing and performance. After all, a strong culture where each person is not just a wheel but an integral part of success will ultimately ensure our position as a leading international insurance group.

“Talent and hard work should be rewarded. We believe in the ownership of everyone, not just a special few, so when we say we are workers, we mean ALL workers.”

Bearman also highlighted the long-term vision of this initiative: “I have always said that in building Aventum we are creating a lasting legacy; this announcement takes another step towards that goal. Our independence, employee ownership, and unparalleled culture are key differentiators for us in attracting the best, entrepreneurial talent in the market, and therefore also a key differentiator for clients and partners who want high results. “

The CEO also took time to thank the “tremendous efforts” of his people for Aventum's “tremendous growth” over the past decade.

“Under employee ownership, we are committed to building on this momentum and allowing everyone at Aventum to share in the fruits of our success collectively rather than combining the pockets of third parties,” he said.

Meanwhile, in line with Aventum's continued development, its managing general agent, Rokstone, hired Ludo Araujo (pictured above) as a senior underwriter in the property direct & facultative (D&F) division. Araujo joins from Chaucer Syndicates, where he worked as an underwriter for the D&F international asset class for one and a half decades.

Based in London to work primarily at Rockstone's Lloyd's box, Araujo will come on board following his notice period from Chaucer Syndicates. Araujo's pending arrival brings D&F's underwriting team to eight members, and the division now manages $300 million in GWP.

Rokstone managing director Ian Anson commented: “We are delighted to welcome Ludo to the team. He brings significant experience and relationships and a strong track record – leading D&F writer position at Lloyd's for the past 15 years. He has a strong focus on international markets, which will strengthen and balance our existing D&F portfolio.”

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