Reinsurance brokerage Augment Risk has announced a new division focused on insurance-linked securities (ILS), aiming to bridge its clientele with private and institutional capital for reinsurance needs.
Hall’s appointment brings over two decades of experience to Augment Risk, promising to advance the firm’s mission of crafting tailored ILS solutions that cater to the needs of risk originators and investors.
The move also comes at a time when ILS products are increasingly recognized for their potential to address the gap between insured and economic losses, despite alternative capital accounting for less than 20% of the $600 billion reinsurance capital market.
“In an era where technological innovation and insurance are evolving rapidly, we are delighted to expand Augment Risk’s offering with an ILS division. With Thad’s industry background and an exceptional insight into ILS structuring, we are well positioned to deliver alternative and bespoke capital solutions to our clients, alongside the traditional reinsurance capacity,” Augment Risk CEO Andrew Matson said.
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