TigerRisk Partners LLC, an US-based reinsurance, capital management and strategic advisor has announced its first presence in Asia with the opening of the Hong Kong office of its subsidiary TigerRisk China Partners. The latter became a member of the Hong Kong Confederation of Insurance Brokers on 30 July 2015.
“The 21st century belongs to Asia in terms of economic development. The most powerful engine of that development is China. That is why we elected to start our Asian presence here,” said Mr Rod Fox, CEO of TigerRisk, in a press release announcing the move.
TigerRisk President, Mr Tony Ursano, added: “We want to be an important participant in the development of the Chinese insurance market. We will do so by bringing the analytic, technical, product development and advisory skills we have developed in North America and Europe. We are delighted with the highly qualified and experienced team we have been able to attract to join us in Hong Kong.”
HK office will be supported by other offices in Bermuda, London and US
The Hong Kong office will be headed by Dr Houqin Zhu. Dr Zhu began his career with one of the prominent insurance groups in China as a reinsurance buyer. He subsequently moved to Singapore as a treaty underwriter for American Re and QBE Re. He then went on to work as a reinsurance broker before leading Willis Re’s China operations.
Dr Zhu will be supported by a team of Hong Kong and China experts and the company’s offices in Bermuda, London and the US will be providing strategic, technical and analytical resources for the new Hong Kong Office.
TigerRisk Partners which was created in 2008, added investment banking, M&A and capital markets advisory expertise with the creation of TigerRisk Capital Markets & Advisory in April this year. TigerRisk is based in Stamford, CT., with offices in New York, London, Minneapolis, Chicago, Raleigh, Dallas, Bermuda and now Hong Kong.