Augment Risk, a risk capital and reinsurance solutions intermediary, and Cohen & Company, an asset management specialist, announce a strategic joint venture (JV) aiming to revolutionise the reinsurance landscape. The new JV initiative bridges the gap between reinsurance clients and insurance-linked securities (ILS) capital with enhanced efficiency, marking a significant move to transform how reinsurance capacity is accessed. The JV is designed to provide seamless access to ILS capacity, integrating the agility of traditional reinsurance with the innovative benefits of ILS. The solution allows participating cedants to access secure, tailored capacity for in-scope casualty business. It also ensures capacity alignment alongside traditional placements and claims processes, enhancing placement speed and reliability. The partnership leverages Cohen’s expertise in insurance-related asset management and Augment Risk’s client-focused broking solutions to create a streamlined pathway for deploying ILS capacity. Andrew Matson, CEO of Augment Risk, says: “Our collaboration with Cohen & Company marks a pivotal moment for the industry, where agility meets scale. This joint venture unlocks new capital sources for our clients while providing Cohen’s insurance strategy access to a diversified portfolio of low-volatility business. By collaborating with Cohen, we can deliver a model that not only improves client outcomes but also creates value for investors through portfolio diversification.” The JV is poised to redefine how reinsurance capacity is accessed, enabling faster placements, enhanced security, and broader opportunities. John Butler, Managing Director at Cohen & Company, adds: “This partnership demonstrates our shared commitment to driving innovation and creating long-term value for clients and stakeholders. Together, we are building a platform that aligns incentives and reduces typical barriers.” The early implementation efforts of the newly launched JV are focused on the US, Bermuda, and Europe, with expansion into additional markets to follow as demand grows.
