Augment Risk, the risk capital and reinsurance solutions broking firm, has expanded its Latin American platform by adding specialist weather parametric and structured weather risk transfer capabilities.According to Augment Risk, this shift represents a strategic expansion of the company’s capital-first approach, supporting clients in navigating one of the most underserved areas of the weather risk landscape.In support of this initiative, Augment Risk has appointed both Sergio Isaza and Andres Cardona as weather risk consultants to its Latin American platform.Both consultants bring a deep level of expertise across weather risk, energy markets, risk management, finance, and ESG, including prior advisory work with energy and infrastructure clients across Latin America on weather-related risk structuring.

Within their new roles, both Isaza and Cardona will help build out and scale the firm’s LatAm platform, reinforcing Augment Risk’s commitment to capital markets expertise with experienced hands-on practitioners who understand both the technical and commercial realities of the weather market.Moreover, Augment Risk has also confirmed that its team in Miami will focus on designing and structuring weather-based solutions tailored to energy producers, utilities, and large industrial clients, leveraging proprietary analytics and modelling, data-driven triggers and clearly defined payout mechanisms.Additionally, this expansion also embodies Augment Risk’s capital-first philosophy; focusing on designing risk solutions that cater to the financial and liquidity requirements of clients, instead of depending on conventional indemnity frameworks.

“Weather risk remains a material and often unmanaged exposure for energy companies and other weather-sensitive industries across Latin America.Traditional insurance solutions can struggle to respond efficiently to high-frequency, non-catastrophic weather volatility.Parametric structures and structured weather risk transfer solutions provide a more direct, transparent, and capital-efficient complement to conventional coverage,” Augment Risk explained.

Alejandro Solorzano, Associate Partner, Parametric, Augment Risk, commented: “As climate variability continues to drive earnings volatility across Latin America, Augment Risk intends to be a long-term partner for clients seeking disciplined, purpose-built weather risk solutions.“Expanding in to this space is a natural extension of our capital-first philosophy, applying structured risk transfer and capital markets thinking to real operational weather exposures, particularly for industries that require certainty, speed, and clarity without ambiguity.”.All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.

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