Augment Risk is increasing its presence in Europe through the appointment of Magnus Heimann as partner for MGA, with a mandate to support capital-aligned program development in the region.
The appointment is effective immediately.
Heimann will work with coverholders, capacity providers, and reinsurers on structures intended to align capital with long-term enterprise value for MGA clients. His responsibilities include coordinating activity across European markets and providing access to global reinsurance and capital channels.
Heimann brings more than 25 years of experience in underwriting, hybrid fronting, program management, and the wider MGA ecosystem. He has held leadership roles in the United Kingdom, Europe, and international markets, most recently serving as chief underwriting officer and executive director at Accredited Europe. He will apply that experience to MGA clients that, according to Augment Risk, are seeking capital-aligned growth, product expansion, and execution across multiple jurisdictions.
The broker has been developing capital-focused initiatives that sit alongside this MGA strategy. In October, Augment Risk and Cohen & Company formed a joint venture to connect reinsurance clients with insurance-linked securities (ILS) capacity for casualty business, according to information published by the two firms. The arrangement is designed to give cedants access to ILS capacity with terms suitable for a range of portfolios and to align that capacity with traditional placements and claims processes
In a separate commentary on ILS, Augment Risk stated that efficiently structured ILS transactions can reduce insurers’ cost of capital by between five and seven percentage points compared with traditional reinsurance returns in the mid to high teens. The broker said institutional capital from pension funds, sovereign wealth funds, and similar investors can offer more stable and longer-term funding, while giving investors access to assets with low correlation and defined durations.
Read more: Augment Risk launches new ILS division
Market conditions provide part of the backdrop. Gallagher Re reported that reinsurance industry capital reached $805 billion at mid-year 2025, a 4.8% increase from the revised full-year 2024 figure, while underlying return on equity for a group of 16 reinsurers declined to 12.6%. The firm also noted record catastrophe bond issuance in the first half of 2025, supported by new sponsors and additional alternative capital.
Augment Risk describes itself as a risk capital and reinsurance solutions broker that designs and places protections and capital structures for a range of clients, including program businesses.
