TigerRisk launches Panthera Re to facilitate ILS deals

TigerRisk Capital Markets & Advisory (TCMA), the insurance-focused investment banking subsidiary of TigerRisk Partners has created Panthera Re to facilitate access to third-party capital investors for insurance and reinsurance clients.

Bermuda-domiciled Panthera Re will enable the transformation of a wide variety of risks and contract types, making them accessible and tradeable to institutional investors, according to a company statement. Panthera Re offers standardized documentation which helps streamline the process but can also be utilized for more customized transactions. With third-party capital from institutional investors deployed in the insurance asset class now approaching $100 billion, the need for efficient risk transfer continues to develop, the company notes.

“Structures continue to evolve in the insurance-linked securities (ILS) market and investors continue to become more sophisticated in the space,” said Philipp Kusche, TCMA’s global head of ILS. “Against this backdrop, the need to match risk with the optimal capital and consider different transaction forms, including securities placements, becomes critically important. Panthera Re advances this standard and creates a platform which allows our clients to provide more liquid tradeable securities to capital market investors in a cost-efficient manner,“ Kusche added.

TigerRisk’s president, Tony Ursano commented: “TCMA has built a substantial and leading ILS franchise over the last few years, originating, structuring, placing and trading a variety of innovative insurance-linked securities. We are committed to developing new structures and new risks which can be efficiently placed into the ILS market. Panthera Re is another tool which we can utilize for our clients, providing them with incremental cost-effective capacity utilizing the growing ILS market and institutional investor base.”