New reinsurance broker Augment attracts ‘exceptional’ Aon talent for leadership
Augment, a fresh reinsurance broker launched in June with a $100 million boost from Altamont Capital, has onboarded another leading figure from Aon to further enhance its market expertise.
Former Aon UK COO David Ledger has joined Augment as a senior advisor and board member.
Ledger spent more than two decades at Aon, where he was COO for the UK business, chairman of Aon Benfield UK, and earlier helmed the North American reinsurance team. Within Aon he led the initiative to transform operations for the modern era, changing historic working practices and in particular the office environment. During his tenure, he was deputy chairman of LIIBA and as chairman of Placing Platform Limited was a driving force behind bringing electronic trading to the London Market.
The reinsurance broking start-up seeks to leverage Ledger's deep expertise and insights in the reinsurance industry that is experiencing rapid change. “Increasingly, technological innovations and a shifting economic and environmental landscape mandate better solutions to support evolving customer needs. Industry consolidation, among other factors, has necessitated a new standard for meeting these challenges,” according to Augment.
The company specialises in bespoke solutions for complex risks, and has generated over $1 billion of premium in just its first year of business. Its business in the UK is led by a former Aon/McGill broker Alex Kazanjian as managing director, who is joined by a team of senior executives having extensive experience at companies like AmTrust, Gallagher Re, JLT, Acrisure, and Lockton Re, among others. Augment recently has hired Charlie Love as chief financial officer, and Henry Mikrut as head of rating agency advisory.
Ledger said: “Augment can best be described as The Broker of Tomorrow, today. I am really looking forward to working with the team as it brings new ideas and innovative solutions to help our clients truly differentiate themselves in what is a highly complex and competitive industry.”
Love, CFO at Augment, commented: “From day one, a key priority for Augment has been to attract expert talent with critical industry acumen to build the best possible team for our partners and customers. We are thrilled David is joining Augment to lend his exceptional skills and knowledge. His experience and understanding of the global insurance industry will be an outstanding contribution to this next phase of our growth. Augment is unlocking trapped value and harnessing clients' diversification across their businesses, through a tailored approach that meets individual needs, using a combination of phenomenal expertise, agility, advanced analytics, and strong industry relationships.”
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