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Augment launched as bespoke reinsurance broker with up to $100m backing from Altamont

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.

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