Consilium, a prominent international (re)insurance broker and a part of the esteemed $1.5 billion Aventum Group, has recently announced that it has been granted a coveted license by the Cayman Islands Monetary Authority (CIMA).

This development marks another significant milestone in Consilium’s expansion strategy, enabling the firm to focus on the financial and professional lines, construction, and commercial property sectors in the region.

James Baird, joint CEO of Consilium, expressed his delight at the license approval and conveyed his appreciation for the support received from the Cayman Islands Monetary Authority during the seamless application process.

“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,” Baird said.

The company views this as a significant achievement and is eager to reconnect with its existing clients while forging new connections within the region.

Consilium obtained licenses in Jersey and Guernsey in 2022 and earlier this year, respectively.

The company, recognised as a Top 50 broker in the UK, operates with 15 offices worldwide, catering to brokers and direct clients across various Specialty lines such as Financial and Professional liability, Cyber, Commercial Property, Construction, and Cedant FAC Reinsurance.