Augment Risk
Augment Risk is a privately-held London-based reinsurance intermediary serving P&C insurers, MGAs, corporates, and public entities globally. Founded in 2022 with up to $100M from Altamont Capital Partners, it delivers bespoke structured, parametric, ILS, MGA, captive, and legacy capital solutions.
- Company typePrivate
- Founded2022
- HeadquartersLondon, United Kingdom
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Augment Risk does
Augment Risk is a privately-held, London-headquartered reinsurance broker that operates as a capital-first intermediary serving P&C insurers, MGAs, corporates, and public entities globally. Founded in November 2022 and launched operationally in July 2023 with up to $100 million in funding from Altamont Capital Partners, the firm bridges geographic, product, and structural boundaries to deliver bespoke reinsurance and capital solutions rather than standard risk placement. By December 2023 — its first operational year — the firm had placed $1.5 billion in premium volume, and it has since scaled headcount into the 51–100 range across offices in New York, London, Dallas, Miami, Bermuda, Malta, and Grand Cayman, with EEA placements arranged via ASM OneAdvent Europe GmbH (trading as Augment Risk Europe).
The firm's offering is organized as a platform of six interoperable solution modules — Structured Reinsurance, Parametric, ILS, MGA Capital Solutions, Captive Solutions, and Legacy — each led by a named partner. Structured Reinsurance underpins client engagements with multi-year, multi-class programs incorporating loss corridors, profit commissions, and sliding scales. Parametric solutions use index-based triggers (e.g., wind speed, storm track) calibrated to client portfolios to reduce basis risk and accelerate claims settlements; the firm partnered with Safehub's ShakeNet technology (powered by GEM's OpenQuake engine) for a landmark deployment with Mexico's federal government. The ILS practice connects client portfolios to institutional capital via collateralized structures, with the first ILS deal completed in December 2024, and Captive Solutions (launched January 2025) extends the platform into captive formation and optimization for corporates, public entities, and specialty programs.
Augment Risk generates revenue primarily through brokerage commissions on placed premium and fees on bespoke structuring and advisory engagements, with additional income from ILS capital placement. Pricing is quote-based and not publicly disclosed, with dedicated partner-led teams and team-specific email addresses for inbound engagement. The firm operates through wholly-owned vehicles in the US (Delaware LLC), UK (FCA-authorized Augment Risk UK Trading Limited, FRN 1034564), and Bermuda; EEA placements are arranged through the UK branch of ASM OneAdvent Europe GmbH. Day-to-day control sits with an executive team led by CEO Andrew Matson (appointed December 2023) and supported by a deep bench of CXOs and partners recruited from Acrisure, Accredited Europe, NormanMax, and other specialty insurance platforms.
Augment Risk firmographics
Firmographics- Name
- Augment Risk
- Legal name
- Augment Risk Services LLC / Augment Risk UK Trading Limited
- Website
- https://augmentrisk.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Augment Risk is a privately-held London-based reinsurance intermediary serving P&C insurers, MGAs, corporates, and public entities globally. Founded in 2022 with up to $100M from Altamont Capital Partners, it delivers bespoke structured, parametric, ILS, MGA, captive, and legacy capital solutions.
- Ownership category
- akta.pro rank
Augment Risk industry classification
Industry- Product category
- Reinsurance Brokerage
- NAICS
- Investment Banking and Securities Intermediation (523150), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Insurance Agents, Brokers & Service (6411), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Catastrophe Bonds & Insurance-Linked Notes (ILS) (FSACABAO)
- akta.pro secondary industry
- Finite Risk / Structured Retrocession (FSAOAGAG)
Keywords
Where Augment Risk is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
Augment Risk business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Reinsurance brokerage commissions: Earned commissions by broking structured reinsurance, parametric, ILS, MGA capital, captive, and legacy solutions for P&C clients globally; commissions scale with premium placed (Year 1 premium of $1.5bn placed by Dec 2023).
- Bespoke structuring & advisory fees: Revenue from designing bespoke, multi-year, multi-class structured reinsurance and capital programs, including loss corridors, profit commissions, and sliding scales - aligning risk and reward beyond standard placement.
- ILS capital placement fees: Revenue from connecting client portfolios to institutional capital via structured ILS vehicles, including collateralized reinsurance and private ILS transactions, enabling margin beyond commissions through efficient risk sharing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | — | Bespoke reinsurance & capital solutions - quote-based |
Go-to-market motion4 records
Augment Risk product offering
Product offeringCore offering
Augment Risk is a capital-first reinsurance and risk capital intermediary that structures tailored reinsurance and capital solutions for property and casualty (P&C) insurers, Managing General Agents (MGAs), corporates, and public entities globally. Its offering spans six solution modules — Structured Reinsurance, Parametric, Insurance-Linked Securities (ILS), MGA Capital Solutions, Captive Solutions, and Legacy — delivered as independent modules or as integrated portfolio strategies addressing growth, volatility, or capital efficiency.
Product overview
Augment Risk operates a platform-plus-modules architecture as a capital-first reinsurance intermediary, delivering tailored reinsurance and capital solutions that bridge geographic, product, and structural boundaries. The platform brings together six specialized, interoperable solution modules — Structured Reinsurance, Parametric, ILS (Insurance-Linked Securities), MGA Capital Solutions, Captive Solutions, and Legacy — each designed to work independently or as part of an integrated portfolio strategy addressing growth, volatility, or capital efficiency. The core Structured Reinsurance module underpins client engagements, while Parametric adds index-based rapid-payout capabilities, ILS extends access to institutional investor capital, MGA Capital Solutions delivers bespoke structuring for MGA program businesses, Captive Solutions enables long-term risk retention through captive formation, and Legacy unlocks balance sheet capital via retrospective transactions. Together, these modules form a single enterprise-aligned capital platform serving property and casualty insurers, MGAs, corporates, and public entities globally.
Differentiator
Problem solved
Functional benefit
Products and services
- Structured Reinsurance Multi-year, multi-class reinsurance programs that go beyond traditional risk transfer, incorporating bespoke features such as loss corridors, profit commissions, and sliding scales to reduce volatility, support growth, and enhance capital efficiency for P&C insurers and other clients.
- Parametric Bespoke index-based reinsurance structures with transparent, rapid payouts calibrated to each client's portfolio, using measurable inputs (e.g., wind speed, storm track) to reduce basis risk and accelerate claims settlements.
- ILS (Insurance-Linked Securities) Structured ILS programs that connect client portfolios to institutional capital (pension funds, private credit, ILS investors), delivering multi-year, multi-class, collateralized alternatives to traditional reinsurance with full transaction lifecycle management from modeling to execution.
- MGA Capital Solutions Capital strategies for Managing General Agents combining structured reinsurance programs, fronting and paper sourcing, multi-year and hybrid structures, and captive/synthetic risk retention to support portfolio scale and platform growth.
- Captive Solutions End-to-end captive design, formation, and optimization services spanning feasibility studies through structuring and placement, enabling corporates, public entities, and specialty programs to retain profitable risk, improve capital efficiency, and gain structural flexibility.
- Legacy Retrospective solutions that turn trapped capital into a strategic asset, including Recurring Loss Portfolio Transfers, In-the-Money Adverse Development Cover, multi-year and hybrid structures, and ILS capital for legacy portfolios.
Companies that use Augment Risk
Customer profileIdeal customer profiles3 records
Augment Risk technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Augment Risk partnerships and signals
Strategic signalRecent moves6 records
Expansion highlights6 records
Augment Risk competitors and assessment
Company assessmentBroad incumbents
- Aon (Reinsurance Solutions): Aon is one of the two dominant global reinsurance brokerage platforms via its Reinsurance Solutions / Aon Securities unit. Augment Risk competes with Aon's structured, ILS, and capital advisory teams for the same P&C insurer and MGA client mandates on a smaller, more bespoke basis.
- Guy Carpenter: Guy Carpenter is Marsh McLennan's dedicated reinsurance brokerage and the other half of the Big Two global reinsurance intermediaries. Its structured, ILS, and capital markets offerings directly overlap with Augment Risk's six solution modules.
- Lockton Re: Lockton Re is the reinsurance arm of Lockton, the world's largest independent insurance broker. It competes with Augment Risk across structured, capital advisory, and MGA-facing reinsurance placements globally.
- Acrisure: Acrisure is a fast-scaling, PE-backed global insurance and reinsurance broker. It overlaps with Augment Risk in structured reinsurance and MGA capital solutions, and has historically been a source of senior talent for Augment Risk (e.g., Lee Bonnett).
- Gallagher Re: Gallagher Re is the reinsurance brokerage arm of Arthur J. Gallagher, formed from the legacy Willis Re and AJG reinsurance operations. It competes with Augment Risk across structured reinsurance, ILS, and capital advisory mandates.
Direct peers
- Howden: Howden is a global insurance and reinsurance broker with a fast-growing capital solutions and ILS franchise. Its TigerRisk heritage and capital-light growth strategy are closely analogous to Augment Risk's capital-first intermediary positioning.
- TigerRisk Partners: TigerRisk is a capital advisory and reinsurance broker specializing in structured, ILS, and capital solutions — almost identical in positioning to Augment Risk, with overlap in client base (insurers, MGAs, ILS investors) and product set.
- BMS Group: BMS is an independent, growth-oriented global insurance and reinsurance broker with a strong capital advisory and MGA-facing franchise. Its mid-sized, capital-first positioning is structurally similar to Augment Risk's.
- RenRe Risk Solutions: RenaissanceRe Risk Solutions is a structured reinsurance and capital advisory unit operated by RenaissanceRe. It overlaps with Augment Risk in bespoke structured solutions, ILS origination, and portfolio advisory for insurers and MGAs.
Emerging players
- Holborn (parametric): Holborn is an independent reinsurance broker with a strong parametric and specialty risk practice. Its bespoke parametric capabilities and European footprint make it a credible peer for Augment Risk's parametric and structured reinsurance modules.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Augment Risk social profiles
Digital presenceAugment Risk compliance and trust
Trust signalCompliance2 records
Augment Risk financial estimates
Financial estimateRevenue estimate
Valuation estimate
Augment Risk leadership team
Management profileNumber of profiles
Profiles23 records
Augment Risk subsidiaries and ownership
Company hierarchySubsidiaries2 records
Augment Risk funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Augment Risk M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Augment Risk
What does Augment Risk do?
Augment Risk is a capital-first reinsurance and risk capital intermediary that structures tailored reinsurance and capital solutions for property and casualty (P&C) insurers, Managing General Agents (MGAs), corporates, and public entities globally. Its offering spans six solution modules — Structured Reinsurance, Parametric, Insurance-Linked Securities (ILS), MGA Capital Solutions, Captive Solutions, and Legacy — delivered as independent modules or as integrated portfolio strategies addressing growth, volatility, or capital efficiency.
Is Augment Risk a public or private company?
Augment Risk is a private company. It is classified as private equity controlled and is currently operating.
When was Augment Risk founded?
Augment Risk was founded in 2022. It employs 51 to 100 people.
Where is Augment Risk based?
Augment Risk is headquartered in London, United Kingdom, in the Europe region.
How does Augment Risk make money?
Three revenue lines are on record. Reinsurance brokerage commissions are the primary driver. The others are bespoke structuring & advisory fees and ILS capital placement fees.
Who are Augment Risk's main competitors?
Broad incumbents on record are Aon (Reinsurance Solutions), Guy Carpenter, Lockton Re, Acrisure and Gallagher Re. Direct peers are Howden, TigerRisk Partners, BMS Group and RenRe Risk Solutions. Holborn (parametric) is listed as an emerging player.
Does Augment Risk have an API?
No public API is recorded for Augment Risk.
What industry is Augment Risk in?
Augment Risk's product category is Reinsurance Brokerage. Its primary akta.pro industry code is FSACABAO, Catastrophe Bonds & Insurance-Linked Notes (ILS), with a secondary code of FSAOAGAG, Finite Risk / Structured Retrocession. Its NAICS code is 523150 and its SIC code is 6411.