I t is a well-known axiom that for free markets to exist, access must be unencumbered. The more players there are, the more efficient a market will be.
Unfortunately for those of us in the reinsurance space, we have entered into a period of reduced competition. In fact, many would argue that reinsurance distribution is significantly less efficient than it was only a few years ago.
TigerRisk Capital Markets & Advisory (“TCMA”) is a trade name used by TigerRisk Capital Strategies LLC, a licensed broker dealer authorized and regulated by FINRA and a member of SIPC (“TRCS”) and TigerRisk Capital Markets & Advisory (UK) Limited (Registered number 747133), an investment business authorized and regulated by the UK Financial Conduct Authority (“TCMAL”). Each of TRCS and TCMAL are direct wholly-owned subsidiaries of TigerRisk Partners LLC (“TRP”). Securities products and services are offered through TRCS and TCMAL. Reinsurance products are placed through TigerRisk Partners LLC in the United States and TigerRisk Partners (UK) Limited in the UK. Although TCMA believes the content of this site to be accurate and complete, it makes no representation or warranty, express or implied, as to the accuracy or completeness of information contained herein and nothing contained herein is, or shall be relied upon as, a representation, whether as to the past, the present or the future. The information contained on this site is not intended to provide the sole basis for evaluating and should not be considered a recommendation with respect to, any transaction or other matter. Nothing contained herein constitutes an offer or solicitation to sell or purchase any securities and is not a commitment by TCMA (or any affiliate) to provide or arrange any financing for any transaction or to purchase any security in connection therewith. TCMA is not providing any advice on tax, legal or accounting matters. In the United Kingdom, this website is a financial promotion and has been approved solely for the purposes of Section 21 of the Financial Services Markets Act 2000 by TCMA. This website is directed only at persons who are professional clients or eligible counterparties for the purposes of the UK Financial Services Authority’s Conduct of Business Sourcebook and the services provided by TCMA are not available for, or intended for use by, retail clients.
Global Head of ILS
Philipp Kusche joined Howden Tiger in April 2016 as Partner and Global Head of Insurance-Linked Securities (ILS) and Capital Solutions where he built up Howden Tiger Capital Markets & Advisory’s ILS platform focusing on origination, structuring, placement and trading of CAT bonds, sidecars and other ILS structures across many different areas of the insurance and reinsurance landscape, including developing relationships with institutional investors globally. This includes many innovative transactions across different line of businesses, fund raising for ILS managers and providing access points for capital markets and institutional investors looking to access insurance risk.
Philipp comes from Swiss Re Capital Markets in New York where he most recently was the Head of their ILS Structuring and Origination team covering Insurance Companies, Hedge Funds, Governmental Entities, and Corporate Clients in the U.S., Latin America, and Asia. He joined Swiss Re Capital Markets in New York in 2006 and was responsible for and instrumental in creating and executing billions of dollars worth of CAT bonds, sidecars, contingent capital structures, and other alternative capital products for clients globally, while maintaining a strong focus on product development. As part of such activities, he developed relationships with many key ILS and other institutional investors and maintained a close dialogue with other stakeholders in the ILS space. In addition to such sell-side activities, he structured, priced, and executed a large number of CAT derivatives, mainly on a parametric basis, providing protection to a variety of clients. Philipp joined Swiss Re in 2002, and was initially based at its headquarters in Zurich as a management trainee. Working mainly in the Chief Underwriting Office, he quickly advanced into the global Energy Practice as a property underwriter in London and Zurich.
He graduated with a Bachelor Degree in Civil Engineering from the Bauhaus University in Germany and a Masters Degree in Civil Engineering from the Swiss Federal Institute in Zurich (ETH). His Masters Thesis, supported by Credit Suisse, was on public-private partnerships and their potential in Switzerland.
Managing Director
Bill Cooper joined Howden Tiger in July 2019 as Head of Capital Advisory based in Howden Tiger (UK).
Prior to joining Howden Tiger, Bill worked at Lloyds Bank where he led the bank’s corporate banking business in the insurance sector. During Bill’s long tenure at Lloyds Bank, he helped guide the bank to its current position as a leading financier of firms within the UK and global insurance industry. Bill led transactions in the broker/managing general agency market, as well as for numerous firms in the Lloyd’s of London market. Additionally, Bill has significant financial restructuring experience, having worked closely with a number of over-leveraged firms in the financial services sector during and after the financial crisis.
Bill holds a Master’s degree in History from The University of Cambridge.