David Bearman, a name well-known in the global insurance industry, is the CEO and founder of Aventum Group, a leading international (re)insurance firm. While his exact net worth is not publicly disclosed, estimates suggest it is substantial, given his company’s impressive portfolio, reported $1.5 billion in gross written premium, and consistent profitability. As of 2025, Bearman has also gained public attention as the father of rising Formula 1 star Oliver Bearman, who made headlines after debuting for Scuderia Ferrari in 2024.
From Modest Beginnings to Global Success
David Bearman’s journey to business success is a story of persistence, vision, and strategic innovation. His career began in 1996, when he founded Direct Insurance from a small rented office in East London. Initially focusing on high-risk niche sectors such as asbestos and recycling, Bearman quickly made a name for himself by addressing the needs of overlooked industries.
In 2005, he expanded into wholesale insurance by launching Consilium Insurance Brokers, marking a major turning point for his business. Over the years, Bearman’s enterprise grew into what is now the Aventum Group—a global network of specialist insurance broking and underwriting businesses operating in major international markets.
Aventum Group: A Quiet Industry Powerhouse
Despite the company’s impressive scale and global reach, Aventum Group has maintained a low public profile. Bearman has often described Aventum as a firm that prefers to let its work speak for itself. In a 2022 interview with Insurance Business Magazine, he emphasized authenticity and a team-first mentality:
“We’ve built something that’s authentic and taken the time to do so with a great team of people.”
Aventum has become a trusted name in bespoke insurance for high-risk sectors, earning it a place on the Insurance Business Global 100 list. The company reported an EBITDA of approximately $31 million, underscoring Bearman’s ability to balance innovation with profitability.
Personal Spotlight: A Father’s Pride in Formula 1
While David Bearman has always thrived in the business world, 2024 brought a different kind of spotlight—fatherhood on the global F1 stage. His son, Oliver Bearman, made his Formula 1 debut for Ferrari at the Saudi Arabian Grand Prix, stepping in as the youngest driver to race for the historic team.
Oliver’s strong performance, including a P11 qualifying, earned praise from fans and professionals alike. David Bearman, sharing his excitement and humor on LinkedIn, wrote:
“It’s not all about insurance.”
He later shared in a Sky Sports interview that watching his son race was “a little bit stressful”, but also one of the proudest moments of his life.
Leadership Philosophy and Core Values
Bearman is not only recognized for his strategic acumen but also for his leadership style rooted in humility, work ethic, and long-term thinking. His emphasis on discipline and resilience has shaped the culture at Aventum and influenced his approach to parenting as well.
In various interviews, Bearman has spoken about the value of patience, authenticity, and relationship-building—both in business and life. These qualities are reflected in how he has supported Oliver’s motorsport career, from early karting days to his breakthrough into F1. His financial and emotional support has played a significant role in helping Oliver reach the pinnacle of motorsport.
Conclusion: A Multifaceted Legacy
While David Bearman’s net worth remains undisclosed, his success as a business leader and father speaks volumes. With Aventum Group’s continued growth and global influence, it’s safe to assume that his personal fortune ranks among the upper echelons of the insurance world. More importantly, his legacy is one of resilience, strategic foresight, and personal integrity.
As his son continues to rise in Formula 1, David Bearman remains a powerful figure behind the scenes—balancing boardroom success with the joy and pride of watching his son chase racing glory on the world stage.
