Augment Risk hires legacy expert Paul Corver as Advisor

Reinsurance broker Augment Risk has announced that Paul Corver, formerly of R&Q Insurance Holdings (R&Q), will join the firm as an Advisor.

Corver brings deep experience and insights in the reinsurance industry to the broker as it looks to strengthen its legacy build-out.

He retired from his position as Group Head of Legacy M&A at R&Q in April 2023. He was responsible for run-off liabilities from insurers, reinsurers, captives and other self-insurance vehicles through outright acquisition, novation, transfer, reinsurance, and other bespoke solutions.

Before joining R&Q in January 2008, Corver was a Director of KMS Insurance Management, a company he helped establish in 2005.

Andrew Matson, Chief Executive Officer, Augment Risk, commented: “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.”

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.”

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