Augment, a recently launched reinsurance broker that offers bespoke solutions to its partners, has appointed Charlie Love as its Chief Financial Officer (CFO), as well as Henry Mikrut as Head of Rating Agency Advisory.
In his role as CFO, Love will lead the company’s finances and operations, continuing the broker’s growth trajectory while engaging with stakeholders across the business.
At the same time, Mikrut will deepen the broker’s advisory bench, helping partners to improve strategy and insurance enterprise functions.
Addressing his new role, Love said: “With advances in technology and data analytics, it’s a fascinating time to be in the reinsurance industry.
“I’m excited to join Augment, which is committed to combining new innovative approaches with deep expertise, driving insurance and risk management to better serve clients.”
Love possesses a remarkable track record of value creation within both publicly owned and private equity-backed enterprises. He also has a background in finance and operations experience across the insurance sector.
Prior to Augment, Love was interim Group CFO at insurance distributor Abacai. He took on this role after successful tenures as Group CFO at Miller Insurance Services and Specialist Risk Group, providing insurance solutions and advice for difficult-to-place risks globally.
In addition, Love spent nearly a 10 years working in various roles at management consulting firm Aon Benfield, rising to CFO for UK and EMEA operations. Love is also board member of British Insurance Brokers’ Association (BIBA) International and Wholesale Members Advisory Board, as well as a Panel Member for the Bank of England.
Mikrut, also commented on his new role: “Our team is focused on understanding our partners’ competitive advantages and operating landscape, their strategic directives and options, and how we can best provide exceptional intellectual capital and servicing to help position our clients for success.
“I’m excited to be joining an innovative, talented group of peers. Thoughtful deployment of technological advancements, advanced data analytics and well thought out and efficient capital utilization strategies are paramount to consumers thriving in our industry.”
Moreover, Mikrut also has deep experience in advising and consulting for businesses across the re/insurance industry.
He previously held tenure as Senior Advisor in the Private Equity firm Alvarez & Marsal. Earlier in his carrer, Mikrut was Executive Vice President, Global Head of Rating Advisory, and Co-Chair of the Analytics Board at JLT Re, which was later acquired by Marsh & McLennan.
Augment was launched earlier this month, backed with up to $100 million in funding from private equity firm Altamont Capital Partners.
