TigerRisk enters the Asian market with Hong Kong office
TigerRisk Partners, the reinsurance broking and risk/capital management firm, has set its sights on Asia with the launch of a Hong Kong subsidiary, TigerRisk China Partners.
This is TigerRisk’s first move into the Asian market and TigerRisk China Partners is now a member of the Hong Kong Confederation of Insurance Brokers.
The Hong Kong team will be led by Dr Houqin Zhu, who formerly led Willis Re’s China operation.
He will be supported by other industry veterans, including Michael Fung and Raymond Chen.
Rod Fox, chief executive officer of TigerRisk, said: "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.”
Tony Ursano TigerRisk president, 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."
Zhu said: “China and the US share a great number of common challenges in measuring and protecting capital from the risk of natural peril catastrophe.
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