STAMFORD, Conn.--(BUSINESS WIRE)--Following the roaring success of globalREmarket (formerly X-gRm) over the past two years, TigerRisk Partners LLC (“TigerRisk”) is pleased to announce the formation of a new third-party company which will further develop this state-of-the-art reinsurance placement platform.
The new company, RePlace Holding LLC, has been established in conjunction with Willis Re, the reinsurance business of leading global advisory, broking and solutions company Willis Towers Watson (NASDAQ:WLTW).
Rod Fox, TigerRisk CEO said: “We are extremely pleased to announce this initiative. This has been an important mission for us over the last several years. Since the launch of globalREmarket in 2015, all TigerRisk business has been transacted through the platform and it’s proven hugely successful with our markets. Close to 1,000 users from over 200 reinsurance carriers are using the platform to see our business."
Jayant Khadilkar, Global Head of Analytics and Technology for TigerRisk said: “Providing information via multiple emails and FTP sites is inefficient and antiquated. It’s time the reinsurance industry pounced on digitization to deliver a better, faster product for the ultimate benefit of clients. We are proud to be at the forefront of that evolution.”
globalREmarket is an electronic, state-of-the-art reinsurance placing platform. It provides a single, secure and efficient repository for reinsurance markets to receive offers and submissions, and to exchange information with brokers such as exposure data, analytics and terms and conditions.
TigerRisk Partners is a leading risk, capital and strategic advisor to the insurance and reinsurance industries founded in 2008 by Jim Stanard, founder and former CEO of Renaissance Re, and Rod Fox, former CEO of the U.S. operations of Benfield. TigerRisk Capital Markets & Advisory (TCMA), a broker dealer registered with the U.S. Securities and Exchange Commission, a member of FINRA and a member of SIPC, is a wholly owned subsidiary providing clients strategic advice on mergers, acquisitions, capital markets products and transactions. Headquartered in Stamford, CT., TigerRisk has offices in New York, Bermuda, London, Hong Kong, Minneapolis, Chicago and Raleigh. For more information visit TigerRisk.com.