A strategic joint venture that will provide seamless access to insurance-linked-securities capital for reinsurance clients is being rolled out in Bermuda, Europe and the United States.

The risk capital and reinsurance solutions intermediary, Augment Risk, is teaming up with asset management specialist, Cohen and Co, in an initiative that aims to transform the reinsurance landscape.

The joint venture is designed to combine the agility of traditional reinsurance with the innovative benefits of ILS, in a major step in addressing client and market needs.​

The programme gives insurers access to secure coverage for casualty risks, with flexible terms designed to fit different types of portfolios. It also works alongside traditional placements and claims systems, helping to speed up deals and make them more reliable.

The partnership, the companies said, joins Cohen’s expertise in insurance-related asset management and Augment Risk’s client-focused broking solutions to streamline ILS.

Together, the joint venture is aimed at enabling faster placements, enhanced security and broader opportunities.

Augment Risk CEO, Andrew Matson, said: “Our collaboration with Cohen and Co 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.”

Cohen and Co managing director, John Butler, added: “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.”

While the joint venture is focusing first on Bermuda, the US and Europe, it will expand into more markets as demand grows.

Through its asset management business, Cohen and Co has approximately $2.1 billion in assets under management. The portfolio management teams specialise in a variety of innovative investment vehicles organised along asset classes including debt issued by European, American and Bermudian insurance companies.