Reinsurance veteran returns to market with new challenge at start up broker Augment Risk
London market veteran Alan Quilter, co-founder and a driving force behind R&Q Insurance Holdings, has returned to the market with a leadership role at reinsurance brokerage start up Augment Risk.
Quilter, R&Q’s former CEO, CFO and more recently group head of programme management, retired from the company and its board on December 31, 2023, after more than 30 years of leadership.
Augment, an Altamont Capital-backed brokerage that launched in July last year, has tapped Quilter as a strategic advisor to support the firm’s balance sheet and capital management, and assist in executing complex transactions.
With extensive experience in the programme and legacy arena, Quilter’s focus at Augment will be on bringing innovative new solutions to MGA’s, legacy and captive clients while also supporting the firm’s talent strategy, the broker said.
A 50-year reinsurance industry leader, Quilter notably co-founded Randall & Quilter (R&Q) in 1992, the non-life global specialty insurance company focused on program management and legacy insurance. He has served as CEO, CFO and, more recently, Group Head of Accredited, the organisation’s transatlantic programme management business. During his tenure, he helped grow the business in the UK, Europe and the US from $20 million GWP to over $2 billion between 2018 and 2023.
Prior to R&Q, Quilter held several high-profile positions at Lloyd’s Managing Agents and Lloyd’s Brokers, having started his career at the corporation of Lloyd’s.
Commenting on his new role, Quilter said: “In record time, Augment Risk has demonstrated how necessary a creative and differentiated approach to reinsurance broking and risk management is for the future of this industry.
“I’m incredibly impressed with the talent Augment Risk’s leadership has assembled and I'm looking forward to working with like-minded individuals whose purpose is to bring the most capital efficient structured products to clients and reinsurance partners.”
Andrew Matson, CEO of Augment Risk, said: "Alan is a highly regarded and well respected industry authority, and brings a wealth of experience to Augment Risk in balance sheet and capital management and execution of complex transactions. His extensive market knowledge and strong network of connections will be instrumental for clients as we innovate and develop new solutions. He is going to play an important role within the business, and we are delighted to welcome him to the firm."
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