Agency launched with backing of personal fairness agency
A brand new reinsurance dealer has entered the market.
Backed by non-public fairness agency Altamont Capital Companions, Increase may have entry to as a lot as $100 million in funding to supply bespoke reinsurance options from its places in London, Dublin, Bermuda, Miami, and Cayman.
Increase managing director Alex Kazanjian, whose credentials embrace time spent at Aon’s reinsurance operations and McGill and Companions, said in a release: “Increase was based as a result of we believed that by taking a holistic strategy to our companions’ wants – broking your entire shopper, somewhat than any single class of enterprise – we might unlock unprecedented alternatives for progress.
“Specializing in establishing long-term relationships with our shoppers, somewhat than on their product, allows us to ship the artistic approaches in the present day’s market wants.”
Serving property and casualty shoppers, Increase will provide potential reinsurance and retrospective capital and legacy constructions throughout the globe.
Altamont managing director Sam Gaynor commented: “Increase’s technique is an ideal match for Altamont’s insurance coverage investing focus.
“They’ve recognized a transparent market want to assist their P&C clients deal with essentially the most advanced danger capital challenges in essentially the most environment friendly method, and we’re excited to lend platform-formation capabilities to type a brokerage agency completely suited to in the present day’s market dynamics.”
Fellow Altamont managing director Keoni Schwartz added that they stay up for bringing substantial assets to assist Increase succeed.
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