Reinsurance and capital solutions broker Augment Risk has appointed Lucy Carter as partner, MGA, effective immediately.
Carter joins from BMS Group, bringing nineteen years of experience across the US insurance and reinsurance markets.
Augment Risk explained that in her new role, Carter will focus on connecting program businesses, capacity providers, and reinsurers through bespoke, capital-aligned solutions that deliver long-term value.
Augment Risk added that her appointment reflects its continued investment in building a globally oriented MGA practice.
“As the sector continues to evolve across established and emerging markets, program businesses increasingly require partners with the technical depth, market relationships, and execution capability to navigate intricate capital and distribution decisions,” the firm concluded.
In related news, last month, Augment Risk expanded the capabilities of its Latin American platform to include specialist weather parametric and structured weather risk transfer capabilities.
The broker explained that this expansion aligns with its capital first philosophy, structuring risk solutions around clients’ financial and liquidity needs, rather than relying on standardised indemnity frameworks.
The team, based in Miami, will reportedly focus on designing and structuring weather-based solutions tailored to energy producers, utilities, and large industrial clients.
