Consilium is setting up shop in Luxembourg. The group, which designs and arranges complex insurance cover for financial institutions, funds and large corporations, is targeting a market with €8.3trn in assets under management. The aim is to build closer relationships with clients whilst facilitating access to European and London markets.

Specialising in niche risks such as directors’ and officers’ (D&O) insurance, professional liability and complex financial exposures, the broker acts as a risk architect, designing bespoke solutions in an increasingly sophisticated environment.

The office will be headed by Wim Geleyn, drawing on 30 years’ experience at Aon, Marsh, AIG and Axa XL. He will be tasked with embodying the company’s local presence whilst connecting clients to the group’s international capabilities, supported by the Atomx technology platform, which promises to accelerate and optimise risk placement.

A hub such as the Cayman Islands

“Luxembourg has long been a strategic focus for us as we seek to help major financial centres navigate the complexities of today’s world. “We have already proven our worth in other hubs, notably the Channel Islands and the Cayman Islands, with a model that combines a local presence with access to one of the most experienced brokerage teams in the world,” emphasises Consilium’s managing partner, Nick Bachmann.

Consilium also plans to roll out Fundshield, its digital platform dedicated to investment funds, in order to simplify the process of taking out D&O and professional liability cover. Already established in several international financial centres, the group is thus continuing its expansion with a clear aim: to combine specialist expertise with technology to stand out in a particularly competitive Luxembourg market.