Augment charts fresh course in reinsurance legacy with another ex-R&Q leader

Reinsurance brokerage Augment Risk, which recently recruited London market veteran Alan Quilter for a strategic position, has tapped another R&Q leader to expand its legacy business.

Reinsurance legacy executive Paul Corver is joining Augment as an advisor to strengthen the firm’s legacy build out.

Corver retired from his position as group head of legacy M&A at Randall & Quilter Investment Holdings in April 2023, where he was involved with run-off liabilities from insurers, reinsurers, captives and other self-insurance vehicles either through outright acquisition, novation, transfer, reinsurance and other bespoke solutions.

Before joining R&Q in January 2018, Corver was a director of KMS Insurance Management, a company that he helped to found in 2005.

Augment said Corver’s arrival is another step towards strengthening the client acquisition and structuring of its legacy build out. Altamont Capital-backed Augment launched in July last year.

Corver said: "This is a fresh new take on what I have previously seen in the industry and am delighted to be part of this extremely exciting opportunity. I've been impressed with the talent pool that Augment Risk has obtained and am thoroughly looking forward to bringing my background in the Legacy and Captive space to the firm as we continue to build out our value proposition for clients.”

Andrew Matson, CEO, Augment Risk, said: “We are receiving and executing on client demand for bespoke and recurring Legacy transactions, providing solutions around Capital Management rather than simply managing toxic liability. Paul is going to be invaluable for clients as we structure these tailored transactions, his background made him an obvious addition to the team.”

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