Augment Risk, a risk capital and reinsurance solutions intermediary, and Cohen & Company, an asset management specialist, have entered a strategic joint venture that aims to transform the casualty reinsurance landscape by bridging the gap between reinsurance clients and insurance-linked securities (ILS) capital.
This joint venture has been designed to provide seamless access to ILS capacity, integrating the agility of traditional reinsurance with ILS’ benefits, and offering a significant step in addressing client and market needs.
It provides participating cedants with secure, tailored capacity for casualty business, aligning with traditional placements and claims processes to enhance placements speed and reliability.
The partnership combines Cohen’s expertise in insurance related asset management and Augment Risk’s client-focused broking solutions to create a streamlined pathway for deploying ILS capacity.
Augment Risk CEO, Andrew Matson, said: “Our collaboration with Cohen & Company marks a pivotal moment for the industry, where agility meets scale. 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.
“By collaborating with Cohen we can deliver a model that not only improves client outcomes but also creates value for investors through portfolio diversification.”
Cohen & Company Managing Director, John Butler, added: “This partnership demonstrates our shared commitment to driving innovation and creating long-term value for clients and stakeholders. Together, we are building a platform that aligns incentives and reduces typical barriers.”
The new joint venture’s initial focus for implementation will be the US, Bermuda, and Europe. This will be followed by expansion into other markets as demand increases.
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