A new, bespoke risk capital and reinsurance solutions broker called Augment has been launched to “revolutionize insurance risk arbitrage,” and is backed with up to $100 million in funding from private equity firm, Altamont Capital Partners.
Augment states that its goal is to assist partners in managing volatility via strategic, structurally efficient, multi-class and/or multi-geography transactions.
The London-based broker operates globally and sees a gap in the reinsurance market for writing complex contracts, noting the shifting reinsurance environment characterised by increasingly complex risks, macroeconomic uncertainty, and the evolving regulatory landscape.
FULL ORIGINAL PUBLICATION HERE
