New reinsurance broker Augment attracts ‘top industry talent’ for leadership build out
Augment, a new reinsurance broker specialising in bespoke solutions for complex risks that launched this month with a $100 million private equity investment, has attracted “top industry talent”, formerly of Miller, JLT Re and Willis, for key leadership roles as it continues to build out its executive team. The business in the UK is led by a former Aon/McGill broker and aims to “revolutionise insurance risk arbitrage” having secured backing from Altamont Capital Partners.
Augment has hired Charlie Love as chief financial officer, and Henry Mikrut as head of rating agency advisory.
Love will lead the group's finances and operations, supporting Augment’s growth trajectory while engaging with stakeholders across the business. Mikrut will deepen Augment’s advisory bench, helping partners improve strategy and insurance enterprise functions.
Love has a deep background in finance and operations across the insurance sector. Prior to Augment, he was interim group CFO at insurance distributor Abacai, after tenures as group CFO at Miller Insurance Services and Specialist Risk Group, providing insurance solutions and advice for difficult-to-place risks globally. Earlier in his career, Love spent nearly a decade in various roles at management consulting firm Aon Benfield, rising to CFO for UK and EMEA operations. He is a board member of British Insurance Brokers’ Association (BIBA) International and Wholesale Members Advisory Board, and a Panel Member for the Bank of England.
Mikrut has extensive experience in advising and consulting for businesses in the insurance and reinsurance sectors. With decades of experience in the reinsurance broker advisory and financial analysis space, he previously held tenure as senior advisor in the private equity firm Alvarez & Marsal. Earlier in his career, Mikrut was executive vice president, global head of rating advisory, and co-chair of the Analytics Board at JLT Re, which was later acquired by Marsh & McLennan. He also served as senior vice president, analytics board, Charter Member at Willis Re, and as vice president at AmRe.
Love said: “With advances in technology and data analytics, it’s a fascinating time to be in the reinsurance industry. I’m excited to join Augment, which is committed to combining new innovative approaches with deep expertise, driving insurance and risk management to better serve clients.”
Mikrut said: “Our team is focused on understanding our partners’ competitive advantages and operating landscape, their strategic directives and options, and how we can best provide exceptional intellectual capital and servicing to help position our clients for success. I’m excited to be joining an innovative, talented group of peers. Thoughtful deployment of technological advancements, advanced data analytics and well thought out and efficient capital utilization strategies are paramount to consumers thriving in our industry.”
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