Augment launches with backing from Altamont

Reinsurance broker Augment Risk announced its official launch with access of up to $100 million in funding from private equity firm Altamont Capital Partners.

Founded in 2022, Augment is registered in the UK and claims to have a global presence in the US, UK, Bermuda, EU and Cayman. The broker can support multi class and/or multi geography transactions.

“Augment was founded because we believed that by taking a holistic approach to our partners’ needs — broking the entire client, rather than any single class of business — we could unlock unprecedented opportunities for growth. Focusing on establishing long term relationships with our clients, rather than on their product, enables us to deliver the creative approaches today’s market needs.” – Alex Kazanjian, managing director, Augment.

“Augment’s strategy is a perfect match for Altamont’s insurance investing focus. They’ve identified a clear market need to help their P&C customers address the most complex risk capital challenges in the most efficient manner, and we’re excited to lend platform-formation capabilities to form a brokerage firm perfectly suited to today’s market dynamics.” – Sam Gaynor, managing director, Altamont.