Miami-based reinsurer Augment Risk has appointed Andrew Matson as CEO.
Launched in 2023, the company is a specialist capital solutions intermediary, designing and placing protections including prospective reinsurance and retrospective capital and legacy structures for property and casualty clients.
Matson will build on Augment’s “significant traction”, having bound US$1 billion of premium in its first year of business, according to the firm.
He joins Augment from London-based insurer McGill and Partners, where he was a partner and head of structured solutions.
Matson brings more than 20 years of reinsurance experience to the role, having previously worked in a number of roles at Guy Carpenter and Aon.
Altamont Capital Partners announced US$100 million in funding for Augment Risk earlier this year.
Sam Gaynor, managing director at Altamont Capital Partners, says: “Andrew has the experience and conviction to lead Augment Risk’s next chapter of growth, and we are pleased to welcome him as CEO.”
Matson comments: “We believe we can transform reinsurance broking for the better by focusing on our client’s entire business, creating partnerships with reinsurers, and enhancing equity value by better managing capital in addition to reducing earnings volatility, and expanding the margins of our clients. Our approach has never been done at this scale.”
