24 May 2018News

TigerRisk creates new ILS vehicle

TigerRisk Capital Markets & Advisory (TCMA), the insurance-focused investment banking subsidiary of TigerRisk Partners has formed Panthera Re.

According to the company, Panthera Re will facilitate access to capital markets for TigerRisk’s insurance and reinsurance company clients.

Panthera Re is a Bermuda-domiciled vehicle which allows clients to access third-party capital investors in an efficient manner. The vehicle has the ability to transform a wide variety of risks and contract types, making them accessible and tradeable to institutional investors.

According to TigerRisk Panthera Re offers standardised documentation which helps streamline the process, but can also be utilised for more customised transactions.  With third-party capital from institutional investors deployed in the insurance asset class now approaching $100 billion, the need for efficient risk transfer continues to develop.

“TCMA has built a substantial and leading ILS franchise over the last few years, originating, structuring, placing and trading a variety of innovative insurance-linked securities,” said TigerRisk’s President, Tony Ursano. “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.”

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. “

More on this story

27 November 2018   TigerRisk Capital Markets & Advisory, the insurance-focused investment banking subsidiary of TigerRisk Partners, has appointed Stephen Fromm as vice chairman.
6 June 2017   Hamilton Re has announced that it has established its first special purpose vehicle, Turing Re. The vehicle will provide collateralised capacity for Hamilton Re’s global reinsurance portfolio.
21 December 2017   A new reinsurance sidecar has been launched on Bermuda by Chaucer. This is the first such venture launched by the speciality insurer.