Consilium appoints Marie McCutcheon as new COO

Consilium appoints Marie McCutcheon as new COO | Insurance Business Asia

Reinsurance

Consilium appoints Marie McCutcheon as new COO

Hiring aims to enhance operations and align technology to support growth

Reinsurance

By
Kenneth Araullo

Consilium, the global specialty re/insurance broking business of the Aventum Group, has announced the appointment of Marie McCutcheon (pictured above) as its new chief operations officer.

McCutcheon joins the company’s senior leadership team with a focus on driving operational efficiency and ensuring alignment between technology, personnel, and operations to enhance customer experience.

McCutcheon comes to Consilium from TT Club Mutual Insurance Ltd, where she served as a Process Consultant. She brings over 25 years of experience in optimizing operational processes and driving business growth in the financial services sector.

McCutcheon has held senior roles at organizations including Marsh, Canopius, Bluefin, AIB, Novae, and Swiss Re. In her new role, McCutcheon will work to integrate technology and operational strategy at Consilium, aiming to support the company’s continued growth trajectory.

Paul Richards, joint CEO at Consilium, emphasized McCutcheon’s background in operational excellence, noting that her experience will help drive the company’s commitment to maintaining high operational standards.

“Marie has spent her career delivering operational excellence in support of such ambitious goals; she brings a vast amount of experience to our leadership team and shares our collective determination to redefine the norm,” Richards said.

In August, Consilium also announced the appointment of Basil Montieth as senior partner for its Cayman office. This appointment marks the third senior leadership addition in the Cayman Islands this year, underlining the firm’s ongoing expansion in the region.

McCutcheon expressed her enthusiasm for joining Consilium, highlighting the company’s collaborative culture and results-driven team.

“I believe my expertise in operational excellence, combined with Consilium’s highly talented results-driven team, will ensure we keep getting better and better in terms of the outcomes and experiences we deliver,” she said.

Since 2019, Consilium has reported a compound growth rate of 39%, and its headcount has grown by 123% over the last 18 months. The firm also said that it expects significant growth in 2024 and is targeting $1.4 billion in gross written premiums (GWP) by 2026, with further recruitment efforts planned for the coming year as part of its expansion strategy.

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