Aquiline Announces Investment in TigerRisk to Fund Continued Growth.TigerRisk Addresses Industry Need for Expertise and Risk Management as an Independent, Value-Added Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Broker NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Aquiline Capital Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("Aquiline"), a New York-based private equity firm investing in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. sector, today announced that its Funds have made an investment in TigerRisk Partners LLC ("TigerRisk"). Aquiline's initial investment will support the continued organic growth of TigerRisk, with substantial additional equity available for acquisitions in the U.S. and Europe and to further develop its platform. TigerRisk is a privately held reinsurance broker and risk/capital management advisor that was founded in 2008 by Jim Stanard, a founder and former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Renaissance Re, and Rod Fox, former CEO of the U.S. operations of Benfield. TigerRisk is based in Greenwich, CT with offices in New York, Minneapolis, Chicago, Dallas, and San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. . TigerRisk provides sophisticated advisory and intermediary services to insurers with complex risks. "Rod's and Jim's records of success in building businesses in reinsurance and risk management position them well to succeed on a global basis as an independent advisor," said Jeff Greenberg, Chief Executive of Aquiline. "We believe that insurers value this degree of experience and market knowledge." TigerRisk CEO Rod Fox noted that consolidation in the industry has reduced the options available to clients looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. less standardized product A product that conforms to specifications resulting from the same or equivalent technical requirements. NATO standardized products are identified by a NATO code number. offerings. "Large insurers with unique risk needs are looking for a broking Bro´king a. 1. Of or pertaining to a broker or brokers, or to brokerage. Redeem from broking pawn the blemished crown. - Shak. partner who can help them understand their risks, identify risk management opportunities, and optimize their use of capital," said Mr. Fox. "Our partnership with Aquiline allows us to expand our ability to employ the best professionals in the industry in a high quality private company environment, while benefiting from Aquiline's deep knowledge of the insurance industry." "The market is ripe for an alternative reinsurance brokerage firm that can offer senior-level analysis and deep experience to clients," said Jim Stanard, founder of TigerRisk. "I have been spending time with company leaders and have found that they appreciate TigerRisk's comprehensive risk management and experience. Aquiline's investment will further enable us to expand our ability to provide clients with the customized solutions and advocacy they are seeking." Fox said the company has been actively reviewing potential acquisitions in the U.S. and Europe. TigerRisk also recently announced a strategic partnership with Karen Clark & Company to work with TigerRisk clients on an integrated approach to catastrophe risk management. Karen Clark is an internationally recognized expert in the field of catastrophe risk and management and in 1987 founded Applied Insurance Research, the first catastrophe modeling
About Aquiline Capital Partners LLC Aquiline is a private equity firm based in New York investing in financial services enterprises in industries such as property and casualty insurance and reinsurance, banking and specialty finance, securities, asset management, life insurance and reinsurance, and operations and financial technology. Aquiline seeks to add value to its portfolio companies through strategic, operational, and financial guidance. About TigerRisk Partners LLC TigerRisk is a privately held reinsurance intermediary and risk/capital management advisor dedicated to optimizing the performance of financially sophisticated clients. TigerRisk provides customers and their reinsurance partners extensive market knowledge, advanced technology, a valuable network of relationships and a history of success. For more information, please visit www.tigerrisk.com. |
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