TigerRisk Announces Opening of London Office

TigerRisk Partners, the reinsurance broking and risk/capital management firm founded by industry leaders Jim Stanard and Rod Fox, today announced the opening of a UK subsidiary headquartered in 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.”

Serving as Chairman and CEO of TigerRisk Partners UK, subject to regulatory approval, will be John Goldsmith, who until 2007 was Chairman of Denis M. Clayton & Co., an insurance and reinsurance broker founded in 1972 and acquired by Towers Watson (then Towers Perrin) in 2002. He currently serves as a Non Executive Director on the boards of three Lloyd’s underwriting agencies. Mr. Goldsmith is well known in the London and North American markets for his leadership role at Clayton & Co., as well as his involvement with the London and International Insurance Brokers’ Association (LIIBA).