US broker opens City of London offices

New York-based TigerRisk takes on offices on Leadenhall Street

Article posted: 13 Sep 2011

TigerRisk Partners, the reinsurance broking and risk/capital management firm is opening a UK subsidiary headquartered at offices in the City of London. The new entity, TigerRisk Partners UK, has been approved by the FSA and the Corporation of Lloyd's to trade insurance and reinsurance business in the UK and Lloyd's markets.

"With the growth of TigerRisk, our entry into the London marketplace was the next step in our evolution. We have demonstrated that an entrepreneurial firm staffed with an extraordinary group of professionals can effectively compete and deliver real value," said Rod Fox, CEO. "Clients have made it clear that they want creative ideas and more senior-level attention rather than the commoditized off-the-shelf products. Clients want innovative brokers working with seasoned analytical teams who are respected by the markets and who pay close attention to their individual needs."

John Goldsmith, Chairman and CEO of TigerRisk Partners UK commented: "The London market is in need of more, not less, distribution," said Mr. Goldsmith. "TigerRisk, with its reputation for broking excellence, superior service and analytics, will add some much-needed competition. Indeed, I expect the market will be delighted to see an additional distribution source of TigerRisk's professionalism and class."

TigerRisk's foray into the London market is the first by an American-owned company since 2003. Mr. Goldsmith said, "I had no doubt when I became aware of the extraordinary depth of talent and technology resident at TigerRisk that this firm will be very successful. I'm convinced that talented London brokers will be drawn to the opportunity that a new, privately held venture like this offers them."

TigerRisk UK is now moving into office space in Leadenhall Street, EC3, just across the road from Lloyd's.

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Posted by Julie