Initial focus is on the US, Bermuda and Europe, with further expansion planned.
Augment Risk has partnered with Cohen & Company in a new joint venture to connect reinsurance clients with insurance-linked securities (ILS) capital.
The agreement is designed to combine the flexibility of traditional placements with ILS capacity, aiming to accelerate access to capital for casualty business, according to Augment Risk.
Andrew Matson (pictured), CEO of Augment Risk, said: “This joint venture unlocks new capital sources for our clients while providing Cohen’s insurance strategy access to a diversified portfolio of low-volatility business.”
Cohen & Company managing director John Butler said the partnership would “reduce typical barriers” and “create long-term value”.
Initial focus is on the US, Bermuda and Europe, Augment Risk said, with further expansion planned.
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