Revolutionizing Insurance Risk Arbitrage: The Launch of Augment, a Bespoke Reinsurance Broker

In today's rapidly evolving reinsurance market, traditional approaches are no longer sufficient to effectively manage the complex risks that arise. Recognizing the need for a more innovative and tailored solution, Augment, a first-of-its-kind bespoke reinsurance broker, has officially launched to revolutionize insurance risk arbitrage. With access to up to $100 million in funding from Altamont Capital Partners, Augment is poised to reshape the industry.

Over the last decade, the global reinsurance market has experienced significant shifts, including the emergence of increasingly complex risks, macroeconomic volatility, and evolving regulatory landscapes. Augment believes that a one-size-fits-all approach is no longer effective in addressing these challenges. Instead, the company takes a holistic approach to its partners' needs, brokering the entire client rather than focusing on any single class of business. This unique perspective allows Augment to unlock unprecedented opportunities for growth.

"Our mission at Augment is to establish long-term relationships with our clients and deliver the creative approaches that today's market demands," says Alex Kazanjian, managing director of Augment. By focusing on building partnerships and understanding the specific needs of each client, Augment can design and implement strategic, structurally efficient solutions that mitigate volatility and optimize outcomes. With a global reach and scale, Augment is well-positioned to serve a diverse range of clients across geographies.

While reinsurance lays the foundation of Augment's approach, the company also offers a range of strategies and solutions to address complex risk capital challenges. Augment designs and places protections such as prospective reinsurance and retrospective capital and legacy structures for its property and casualty clients. By maximizing enterprise value, Augment enables its partners to navigate uncertain market conditions with confidence.

The launch of Augment aligns closely with the investment focus of Altamont Capital Partners, who have provided funding for the venture. Altamont recognizes the market need for innovative solutions that address the most complex risk capital challenges faced by property and casualty customers. Sam Gaynor, Managing Director at Altamont, explains, "Augment's strategy is a perfect match for Altamont's insurance investing focus. We're excited to lend our platform-formation capabilities to create a brokerage firm that is perfectly suited to today's market dynamics."

Keoni Schwartz, Managing Director at Altamont, further emphasizes the firm's commitment to Augment's success. "With our over $4.3 billion of capital under management, we look forward to bringing substantial resources to bear in aiding Augment's growth," he says. Altamont Capital Partners is a private equity firm with a proven track record of forming successful financial services platforms.

Joe Zuk, Operating Partner at Altamont Capital Partners, highlights the firm's enthusiasm for supporting Augment's strategic solutions. "We're thrilled to back Augment, whose bespoke protections will address the most complex business challenges faced by its industry partners in the property and casualty sector," Zuk states. With over $4.3 billion under management, Altamont Capital Partners is well-positioned to provide the necessary resources to fuel Augment's success.

In conclusion, the launch of Augment marks a significant milestone in the reinsurance industry. By offering bespoke solutions and taking a holistic approach to client needs, Augment aims to revolutionize insurance risk arbitrage. With the support of Altamont Capital Partners, Augment is poised to bring substantial resources to bear and disrupt the traditional value chain. As the company continues to innovate and build creative, value-accretive solutions, it is set to become a key player in the evolving reinsurance landscape.

For more information about Augment and its unique approach to risk capital and reinsurance solutions, please visit the company's website at www.augmentrisk.com.