Augment Risk, a risk capital and reinsurance solutions intermediary and Cohen & Company, an asset management specialist, have joined forces in a strategic joint venture. The initiative aims to bridge the gap between reinsurance clients and insurance-linked securities (ILS) capital with unparalleled efficiency, marking a landmark move to transform the reinsurance landscape.
The joint venture is designed to provide seamless access to ILS capacity, integrating the agility of traditional reinsurance with the innovative benefits of ILS, and offering a significant step in addressing client and market needs. The solution allows participating cedants to access secure capacity for in-scope casualty business, with terms tailored to meet the diverse demands of insurance portfolios. It also ensures capacity alignment alongside traditional placements and claims processes, enhancing placement speed and reliability.
The partnership leverages 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. Together, the joint venture is poised to redefine how reinsurance capacity is accessed, enabling faster placements, enhanced security, and broader opportunities.
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 early implementation efforts of this newly launched joint venture are focused on the US, Bermuda, and Europe, with expansion into additional markets to follow as demand grows.