Re/insurance group Aventum has acquired Mulberry Risk, a consultancy providing actuarial, analytical, exposure and capacity management services to MGAs. Aventum said Mulberry gives MGAs the ability to analyse their portfolios and improve ongoing underwriting performance.

David Bearman, CEO of Aventum Group, said: “With our investment and leadership, and in partnership with other areas of our Group where we see synergies, Mulberry will revolutionise the MGA space.”

David Hughes, CEO of Mulberry Risks, added: “Joining the Aventum Group and their investment in us is hugely exciting – not only for us as a business, but in terms of what this means for the wider market.”

Aventum Group includes re/insurance broking arm Consilium and MGA operation, Rokstone.

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