Aventum Passes The $1.8bn GWP Milestone

There aren’t many firms in the insurance sector that are totally owned by their employees, but Aventum is one of them. Doing quite well too, here’s the word;

Aventum, the fast growing International (Re)Insurance Group, has announced a new global employee ownership scheme.  Aventum is proud to be independent, owner-managed, and now 100% owned by all employees as it continues to create a unique winning culture.  This year the Group has reached a $1.86bn GWP milestone – a threefold increase from $600m in 2020.  It has seen extraordinary, exponential, growth over the last decade, without an erosion in its culture which has been recognised by leading authorities on workplace culture including Great Places to Work and Sunday Times Best Places to Work.

This signposts the future of Aventum as not just an independent company, but as a team that values every voice, and ensures every member is an essential collaborator on a shared mission to do things better, deliver the greatest value for clients and partners, and accelerate growth. Under this new scheme, all employees have been rewarded with the equivalent of twice their annual salary in share value, which will also be awarded to new starters as they join the group.

David Bearman, CEO of Aventum, commented: “We are a business that values purpose over profit, and well-being alongside performance. Afterall, a strong culture where each person is not simply a cog in a wheel but an essential component of success will ultimately guarantee our position as a leading international insurance group.  Talent and hard graft should be rewarded.  We believe in ownership for all, not just the privileged few, so when we say we are staff owned, we mean ALL staff.

“I’ve always said that in building Aventum we are creating a lasting legacy; this announcement today takes us another step towards that goal.  Our independence, employee ownership and inimitable culture are key differentiators for us in attracting the best, entrepreneurial talent in the market, and therefore also key differentiators for clients and partners seeking superior results.

“We’ve experienced tremendous growth over the past decade.  We owe this remarkable achievement to the incredible efforts of our team.  Under employee ownership we are committed to building on this momentum and allowing everyone at Aventum to share in the fruits of our collective success rather than lining the pockets of third parties.”