Augment Risk, the reinsurance and capital solutions broker, appoints Crystal Maragh to its Global Parametric Specialty team, effective immediately.
Based in Miami, Maragh will continue to drive growth, innovation and execution across parametric transactions, bringing a background in actuarial science, parametric product development and risk analytics to her new role.
She joins from NormanMax Insurance Holdings, where she served as vice president of pricing. In that role, Maragh played a key part in launching the firm's syndicate and MGA operations, securing significant investor capital and developing parametric insurance solutions.
Prior to NormanMax, she held a series of roles focused on actuarial and parametric innovation, including the development of first-of-their-kind products and the structuring of capacity with leading reinsurers.
Kurt Cripps, partner and global head of parametric specialty at Augment Risk, says: "We are delighted to welcome Crystal to the Augment Risk team. As our parametric practice continues to go from strength to strength, her deep technical and operational expertise will be instrumental in expanding our capabilities and delivering bespoke solutions for clients globally."
The Maragh hire follows a broader build-out of the firm's parametric capabilities. Augment Risk positions itself as a broker focused on designing and placing bespoke risk capital and reinsurance protections, with a remit that extends beyond traditional reinsurance into the wider value chain.
