TigerRisk forms Bermuda-based Panthera Re

TigerRisk Capital Markets & Advisory (TCMA) has formed Panthera Re to facilitate easier access to capital markets for its clients. TigerRisk Partners is a risk, capital and strategic advisor to the global insurance and reinsurance industry. Panthera Re is a Bermuda-domiciled vehicle which allows clients to access third-party capital investors in an efficient manner. The vehicle hopes to attract clients with services focused on a wide variety of risks and contract types, which will make them accessible and tradeable to institutional investors. In a statement, TigerRisk said Panthera Re will offer standardised documentation to streamline the process, but can also be utilised for more customised transactions. TCMA’s global head of ILS, Philipp Kusche said: “Structures continue to evolve in the insurance-linked securities market and investors continue to become more sophisticated in the space. "Against this backdrop, the need to match risk with the optimal capital and consider different transaction forms, including securities placements, becomes critically important. Panthera Re advances this standard and creates a platform which allows our clients to provide more liquid tradeable securities to capital market investors in a cost-efficient manner. “ TigerRisk’s president, Tony Ursano, commented: “TCMA has built a substantial ILS franchise over the last few years, originating, structuring, placing and trading a variety of innovative insurance-linked securities. We are committed to developing new structures and new risks which can be efficiently placed into the ILS market. Panthera Re is another tool which we can utilise for our clients, providing them with incremental cost-effective capacity utilising the growing ILS market and institutional investor base.” TigerRisk went on a hiring spree at the end of 2017 to give Panthera a strong start: Megan Hodge joined from Metabiota to the newly created position of head of client strategy, with Swiss Re Americas’ Seth Ruff arriving as head of reinsurance solutions The reason for the launch are clear, said TigerRisk: third-party capital from institutional investors deployed in the insurance asset class now approaching $100bn, the need for efficient risk transfer continues to develop.

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