Consilium, the global specialist reinsurance brokerage business of the Aventum Group, has announced the appointment of Mary McCutcheon (pictured above) as its new Chief Operating Officer.

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

McCutcheon joins Consilium from TT Club Mutual Insurance Limited, where she worked as an Operations Consultant. She has over 25 years of experience in improving operational processes and driving business growth in the financial services sector.

Get the latest reinsurance news straight to your inbox twice a week. Sign up here

McCutcheon has held senior positions at organizations including Marsh, Canopius, Bluefin, AIB, Novae and Swiss Re. In her new role, McCutcheon will integrate technology and operational strategy at Consilium, with the aim of supporting the company’s continued growth trajectory.

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

“Mary has spent her career driving operational excellence to support these ambitious goals,” Richards said. “She brings a wealth of experience to our leadership team and shares our collective determination to redefine the norm.”

In August, Consilium also announced the appointment of Basil Monteith as a senior partner to its Cayman office. This appointment represents the third addition to senior leadership in the Cayman Islands this year, underscoring the firm’s continued expansion in the region.

McCutcheon expressed her excitement to join Consilium, highlighting the company’s collaborative culture and results-focused team.

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

Since 2019, Consilium has reported a compound annual growth rate of 39%, and its headcount has increased by 123% over the past 18 months. The company said it expects significant growth in 2024 and is targeting $1.4 billion in gross written premiums by 2026, with further hiring efforts planned for next year as part of its expansion strategy.

What do you think of this story? Feel free to share your comments below.

Get the latest reinsurance news straight to your inbox twice a week. Sign up here