David Bearman Net Worth: How Much Does Oliver Bearman’s Father Make?

What is David Bearman’s net worth?

David Bearman is a highly successful British entrepreneur and the CEO of the global insurance powerhouse Aventum Group. While Bearman’s exact net worth is not publicly known, it is widely believed to be substantial, given Aventum Group’s impressive control of over $1.5 billion in gross written premium and its strong presence in the international (re)insurance sector.

In addition to his role as a business leader, Bearman has recently become more widely known to the public as the father of rising Formula 1 talent Oliver Bearman, who made his debut for Scuderia Ferrari in 2024.

Early Career and Business Success

David Bearman began his entrepreneurial journey in 1996, founding what was initially known as Direct Insurance from a modest rented office in East London. Focusing on niche sectors like asbestos and recycling, Bearman carved out a place in the high-risk specialty insurance market.

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With years of consistent growth and strategic expansion, Bearman later spearheaded the company’s move into wholesale insurance, launching Consilium Insurance Brokers in 2005. This move positioned Bearman and his team as key players in the global (re)insurance landscape.

Today, Bearman’s firm has evolved into the Aventum Group, a collection of multiple specialist broking and underwriting businesses with a presence in major international markets. Under his leadership, Aventum has reported an EBITDA of approximately $31 million, earning a spot on the Insurance Business Global 100 list, marking the company as one of the sector’s most influential firms.

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Aventum Group: A Quiet Giant

Despite its impressive portfolio, Bearman has often characterized Aventum as a company that prefers to work quietly, without seeking public fanfare. In a 2022 interview with Insurance Business Magazine, Bearman reflected on the company’s rebranding and growth, stating, “We’ve built something that’s authentic and taken the time to do so with a great team of people.”

Bearman attributes the firm’s success to its service-driven model, discipline, and focus on building lasting client relationships. Aventum is now regarded as a key provider of bespoke insurance solutions for high-risk industries, further solidifying Bearman’s position as a major force in the financial services world.

Personal Life: A Proud Father in the F1 Spotlight

Beyond his business success, David Bearman has recently stepped into the spotlight as the father of Oliver Bearman, who made headlines after stepping in as a stand-in driver for Scuderia Ferrari at the 2024 Saudi Arabian Grand Prix. Watching his 18-year-old son become the youngest driver to race for Ferrari in its storied history was a proud moment for David.

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Following Oliver’s impressive P11 qualifying performance, David took to LinkedIn, writing humorously, “It’s not all about insurance,” in reference to his son’s big day. He later shared with Sky Sports that watching his son compete at the highest level of motorsport was “a little bit stressful” but ultimately an experience filled with pride and joy.

Values and Leadership Style

David Bearman is known for his hands-on leadership style and commitment to fostering a collaborative culture within Aventum. He often emphasizes work ethic, humility, and discipline—qualities that appear to have been passed down to his son as well.

In interviews, Bearman has openly discussed the importance of resilience and patience in both business and personal life. These values are particularly evident in his support of Oliver’s racing journey, where financial backing and mentorship have helped the young driver rise through the highly competitive ranks of motorsport.