Augment Risk, a leading global reinsurance and risk capital solutions broker, today announced the expansion of its Latin American platform, adding specialist weather parametric and structured weather risk transfer capabilities. The development represents a strategic expansion of its capital-first approach, supporting clients in navigating one of the most underserved areas of the weather risk landscape.
The team in Miami will focus on designing and structuring weather-based solutions tailored to energy producers, utilities, and large industrial clients, leveraging proprietary analytics and modelling, data-driven triggers and clearly defined payout mechanisms.
This expansion reflects Augment Risk’s capital first philosophy; structuring risk solutions around clients’ financial and liquidity needs, rather than relying on standardised indemnity frameworks.
Weather risk remains a material and often unmanaged exposure for energy companies and other weather-sensitive industries across Latin America. Traditional insurance solutions can struggle to respond efficiently to high-frequency, non-catastrophic weather volatility. Parametric structures and structured weather risk transfer solutions provide a more direct, transparent, and capital-efficient complement to conventional coverage.
In support of this initiative, Augment Risk is pleased to welcome Sergio Isaza and Andres Cardona as weather risk consultants to its Latin America platform. Both bring deep experience across weather risk, energy markets, risk management, finance, and ESG, including prior advisory work with energy and infrastructure clients across Latin America on weather-related risk structuring. They will play a central role in building and scaling the platform, reinforcing Augment Risk’s commitment to capital markets expertise with experienced hands-on practitioners who understand both the technical and commercial realities of the weather market.
Alejandro Solorzano, Associate Partner, Parametric, Augment Risk said, “As climate variability continues to drive earnings volatility across Latin America, Augment Risk intends to be a long-term partner for clients seeking disciplined, purpose-built weather risk solutions. Expanding in to this space is a natural extension of our capital-first philosophy, applying structured risk transfer and capital markets thinking to real operational weather exposures, particularly for industries that require certainty, speed, and clarity without ambiguity.”