Durrant Pate/ Contributor

London-based speciality reinsurance wholesale broker Consilium is expanding into the Caribbean with the opening of a new hub in Kingston, Jamaica.

This is, however, subject to regulatory approval. Consilium trades more than US$1 billion Gross Written Premium (GWP) annually through a network of offices across key international hubs. With a growing number of global partners, Consilium delivers tailored solutions across all lines of P/C insurance and reinsurance.

The launch in Jamaica is part of Consilium’s strategy to build out wholesale operations in key global hubs, powered by local expertise and its proprietary, market-leading technology platform AtomX. AtomX harnesses AI and process automation to transform broker servicing, thereby enhancing speed, efficiency, and client experience for Consilium’s growing global network of retail broker partners. 

With offices in both Cayman and Jamaica, Consilium is part of a select group of international brokers with a physical presence across the Caribbean, reinforcing its long-term commitment to the region. The Kingston hub will specialise in commercial wholesale speciality insurance and reinsurance across property, liability, cyber, financial lines, marine, and alternative risk transfer.

Point man appointed for Jamaican office

Max Pragnell has been appointed managing partner to lead the Jamaican office, increasing Consilium’s international footprint in the region. Pragnell brings nearly a decade of experience to his new role, most recently as area vice president at IIBRe in Kingston, with a focus on wholesale and reinsurance property/casualty (P/C). 

His career includes roles at Gallagher and RPS in the US, Alesco in the UK, and IIBRe in Jamaica, where he established himself as the Caribbean’s cyber practice leader. This marks the second new international hub announced by Consilium in just six weeks, following the opening of its Singapore office.

Together, these milestones reflect Consilium’s mission to reshape wholesale broking through independence, expertise, and client service, delivered at scale by cutting-edge technology. Commenting on the move, Pragnell remarked, “The Caribbean market is built on strong foundations of local insurers and brokers. Consilium will enhance that by bringing a wider range of speciality products, tailored solutions for large corporates, and direct access to global expertise.