Augment snares ~$400mn LLA parametric account from Aon
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Augment snares ~$400mn LLA parametric account from Aon

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Start-up broker Augment has won a ~$400mn parametric account for telecommunications company Liberty Latin America (LLA) from Aon, this publication can reveal.

LLA, which operates in more than 30 Latin American locations, buys a parametric wind insurance product designed to provide liquidity as well as revenue protection in the immediate aftermath of a North Atlantic hurricane.

The

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