TigerRisk Capital Markets & Advisory has formed a new Bermuda facility named Panthera Re to provide its insurance and reinsurance company clients with access to capital markets.
With third-party capital from institutional investors deployed in the insurance asset class now approaching USD $100 billion, the need for efficient risk transfer continues to develop, according to TigerRisk. Panthera Re will will allow clients to access third-party capital investors, making a variety of risks and contract types accessible and tradeable to institutional investors.
Panthera Re offers standardized documentation which helps streamline the process, but can also be utilized for more customized transactions.
“Structures continue to evolve in the insurance-linked securities market and investors continue to become more sophisticated in the space,” said Philipp Kusche,global head for insurance linked securities at TigerRisk Capital Markets & Advisory(TCMA). “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 said TCMA, a broker-dealer, has been placing ILS products for the past few few years and is interested in developing new structures and new risks that can be efficiently placed into the ILS market.
TCMA’s parent, TigerRisk Partners, is a risk, capital and strategic adviser to the inusures and reinsurers. TigerRisk has offices in New York, Bermuda, London, Hong Kong, Minneapolis, Chicago and Raleigh.
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