Augment Risk, the risk capital and reinsurance solutions broking firm, has teamed with Cohen & Company, an asset management specialist, to launch a casualty insurance-linked securities (ILS) facility.
The venture brings together Augment Risk’s broking capabilities with Cohen’s insurance investment expertise, aiming to create a faster, more efficient route for deploying ILS capacity.
According to the firms, the joint venture aims to redefine how reinsurance capacity is accessed, enabling faster placements, enhanced security, and broader opportunities.
As well as this, the facility also seeks to “bridge the gap” between reinsurance clients and ILS capital with greater efficiency, marking a major step in transforming the reinsurance landscape.
The joint venture also integrates the agility of traditional reinsurance with the benefits of ILS, representing a significant move to address both client and market needs.
Moreover, the facility will also allow participating cedants to access secure capacity for in-scope casualty business, with terms tailored to meet the wide demands of insurance portfolios. The facility also ensures capacity alignment with traditional placements and claims processes, enhancing both placement speed and reliability.
Initial implementation of the facility will focus primarily on the United States, Bermuda, and Europe, with further expansion into additional markets expected to follow as demand grows.
Augment Risk CEO, Andrew Matson, commented: “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, said: “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.”
