Fox and Stanard announce new powerhouse Re Broker

Greenwich, CT (September 3, 2008) — Reinsurance industry innovators, Rod Fox, former CEO of Benfield Inc., and Jim Stanard, former CEO of Renaissance Re, today announced the formal launch of TigerRisk Partners, a privately-held reinsurance intermediary built around a line-up of highly regarded industry professionals serving a select group of clients.

“TigerRisk will provide strategic advice and optimal reinsurance/capital markets solutions to sophisticated clients with complex needs,” said Mr. Fox, CEO. “Customers are tired of the order-taking mentality. They are looking for a competitive advantage and on-going value creation. TigerRisk will assume the role of problem solver, innovator, and sophisticated financial solutions provider. The depth of our resident intellectual capital, market knowledge, and industry relationships will enable TigerRisk to provide unparalleled creativity and service.”

Joining Fox and Stanard are reinsurance industry leaders Ted Blanch, former CEO of EW Blanch; Linda Johnson, former EVP of Casualty of Benfield; Geraldine DelPrete, former EVP of Willis Re and Gallagher; Tim Bienek, former COO of Benfield and Praetorian; Marc Lauricella, former EVP of Marketing of Benfield and Praetorian; Milan Radonich, former CFO of Benfield and Praetorian; and Larry LaMere, former EVP of Operations at Benfield.

Headquartered in Greenwich, CT, with offices in New York, Minneapolis, Dallas, and San Antonio, TigerRisk will provide sophisticated advisory and intermediary services to insurers with complex risks. “The reinsurance industry is undergoing a fundamental change,” said Jim Stanard. “Major insurers need an intermediary capable of understanding and optimizing their risk profile. TigerRisk will provide our clients with consistent senior level attention delivering thought leadership, decision-making analytics, and innovative solutions through market cycles.”

With no legacy or exclusive agreements, Mr. Fox said, “TigerRisk has access to all existing models and analytic tools and is developing several of its own proprietary applications.”

Through their partnership with the BMS Group, based in London, TigerRisk Partners [initially known as Alpha Re] has access to a full compliment of client services including actuarial, financial analysis, catastrophe modeling, contract writing, accounting, and claims.

Before founding TigerRisk, Mr. Stanard was CEO of Renaissance Re. He is a Fellow of the Casualty Actuarial Society; holds a PhD in Finance from New York University; and is widely regarded as one of the reinsurance industry’s leading experts in risk underwriting. Rod Fox was previously CEO of specialty insurer Praetorian and CEO of reinsurance brokers Benfield Inc. and EW Blanch.

Posted on February 03, 2009 07:27