New reinsurance dealer Augment Risk enters market

A brand new reinsurance dealer has entered the market.

Backed by non-public fairness agency Altamont Capital Partners, Augment can have entry to as a lot as $100 million in funding to supply bespoke reinsurance options from its places in London, Dublin, Bermuda, Miami, and Cayman.

Augment managing director Alex Kazanjian, whose credentials embody time spent at Aon’s reinsurance operations and McGill and Partners, mentioned in a launch: “Augment was based as a result of we believed that by taking a holistic method to our companions’ wants – broking all the shopper, relatively than any single class of enterprise – we might unlock unprecedented alternatives for progress.

“Focusing on establishing long-term relationships with our clients, rather than on their product, enables us to deliver the creative approaches today’s market needs.”

Serving property and casualty purchasers, Augment will supply potential reinsurance and retrospective capital and legacy buildings throughout the globe.

Altamont managing director Sam Gaynor commented: “Augment’s technique is an ideal match for Altamont’s insurance coverage investing focus.

“They’ve identified a clear market need to help their P&C customers address the most complex risk capital challenges in the most efficient manner, and we’re excited to lend platform-formation capabilities to form a brokerage firm perfectly suited to today’s market dynamics.”

Fellow Altamont managing director Keoni Schwartz added that they sit up for bringing substantial assets to assist Augment succeed.     

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