TigerRisk, a privately-held reinsurance broker and risk/capital management advisor, has expanded its reach to the Australian reinsurance and programme market.
As part of the expansion, TigerRisk has appointed Simon Chandler as head of reinsurance broking, programmes, and binders.
Chandler has 40 years of experience in the reinsurance industry, with 10 years in London and 30 years in Australia. He joins TigerRisk from Brokers Online Re, where he was the reinsurance broking manager. Previously, he served as the senior manager for Sompo Japan Australia for five years and worked at Aon Re, Breeze Re, Heath Re, REcentis, Sedgwick Re, and Willis Re.
In his new role, Chandler will be based in Sydney and drive the development of TigerRisk's delegated business in Australia, New Zealand, and Pacific Islands.
The expansion also sees the appointment of Richard Laird as a partner at TigerRisk. Before joining the company, he was a divisional director for alternative risk at Ed Broking. He also worked at Price Forbes Risk Solutions as a director of the specialty division and then executive director. Before that, he was the director of the specialty division at Patriarch Risk Limited and a managing director of Evolve Brokers Limited.
In his new role at TigerRisk, Laird will be based in London and be responsible for finding solutions for innovative placements and structures in the US, the UK, Canada, and Europe.
The new hires will report to TigerRisk Partners UK partner Neill Cotton, who commented: “Both Simon and Richard have a proven track record in first-class broking in the delegated authority sector, and I am delighted to welcome two professionals of such calibre to the team.
“Simon is recognised for the production and broking of strategic and hard-to-place placements. He specialises in treaty and facultative reinsurances and sourcing paper for MGAs, as well as other insurance and reinsurance-backed financial instruments. Richard's skills lie in placing innovative specialty insurance binders, as well as being a strong advocate of utilising analytics and technology in his broking. Being innovative and advanced in technology is part of Tiger's culture.”
Meanwhile, commenting on the expansion, TigerRisk International chief executive James Few said: “TigerRisk entered the delegated authority business market in 2019 and has been focused on creating niche portfolios and working with high-value-add MGAs. We are absolutely delighted with Tiger's growth in this area – our delegated authority offering is a fantastic part of our business model and fits very neatly into our analytical reinsurance culture.”