In a recent interview with Reinsurance News, Jag Jass, Partner – Retrospective at reinsurance broker Augment Risk, explained that while there will always be a place for larger transactions targeting toxic liabilities and discontinued lines of business, legacy is best used when dovetailing an approach from a prospective and a retrospective standpoint.
Jass joined Augment Risk in early 2023, and with around a decade of industry experience, has focused on all areas of esoteric reinsurance, from insurance-linked securities (ILS), legacy, Funds at Lloyd’s, to the structured credit space.
Now, at Augment Risk, he leads the retrospective division at an interesting time for the legacy, or run-off universe, as the focus shifts to more than just reserve protection and market participants work to improve its perception.