Augment Risk UK Trading Ltd. said Friday it has launched as a reinsurance broker with access of up to $100 million in funding from Altamont Capital Partners LP.
Alex Kazanjian, managing director of Augment, said the firm will focus on establishing long-term relationships, according to a statement from Augment.
Keoni Schwartz, managing director at Altamont, said in the statement that with more than $4.3 billion of capital under management, Palo Alto, California-based Altamont can bring substantial resources to Augment.
