Augment Risk has appointed Steve McElhiney as partner to lead its newly launched captive and alternative risk transfer solutions offering.
Based in Dallas, McElhiney will drive growth in under-penetrated areas, focusing on innovative strategies across North America. His role includes developing legacy solutions, repurposing micro captives, exploring roll-up initiatives with capital providers, and extending captive capabilities to MGAs.
With extensive experience in reinsurance underwriting and corporate finance, McElhiney was previously senior vice president at Artex Risk Solutions.
He has served as global president of The Chartered Property Casualty Underwriter Society and on advisory boards at the University of Southern California. He has also chaired boards for the Captive Insurance Companies Association and the Vermont Captive Insurance Association.
Andrew Matson, CEO of Augment Risk, says: “We have established strong foundations over the past two years, which help us attract talent such as Steve. His well-rounded background in corporate finance and reinsurance makes him an invaluable addition to the Augment Risk team.
“His expertise in the captive market will play a key role in crafting innovative, tailored solutions that support Augment Risk’s overall strategy.”
McElhiney adds: “I look forward to bringing innovative strategies to life and developing the newly launched captive and alternative risk transfer offering.
“As mutual insurers face reinsurance capacity and capital constraints, our work will help broaden the scope of available solutions and facilitate access to the necessary tools for sustainable growth.”
