Tony Ursano is joining reinsurance broker and risk capital advisory TigerRisk Partners LLC as President, in a role expected to help TigerRisk continue on its path as a capital agnostic intermediary with an integrated reinsurance and capital markets approach.
Ursano resigned recently from Willis Capital Markets & Advisory and has quickly taken on this role with TigerRisk, where he will help to grow the brokers business, while assisting to identify the most appropriate and efficient sources of capital and capacity for TigerRisk clients. Ursano will also help to build a mergers and acquisitions business for the firm.
Rod Fox, CEO of TigerRisk, commented on the hire; “In this new dynamic environment, it’s all about capital. Jim Stanard and I have always been impressed with Tony’s skills and success in the marketplace. We believe our clients want the most efficient capital solution, whatever form that may take, and the best strategic advice possible. We also believe our solutions should be delivered globally in a holistic fashion, not just through separate units selling different products. Tony has a deep understanding of what clients need and the ability to find the optimum way to achieve it. With his many years of insurance industry and investment banking experience, key industry relationships and outstanding reputation, we know Tony can deliver on these goals.”
Jim Stanard, Chairman of TigerRisk, added; “I have known Tony for over 20 years – many of those years as a very satisfied client. I’m delighted that he is joining TigerRisk. Our focus is to provide creative risk management solutions and advice to our clients. Reinsurance, capital, risk control and innovative ideas are the tools we use to accomplish this. Tony brings us world-class capability in capital markets solutions as well as the vision to fully integrate these tools for our client’s benefit.”
Ursano will work from TigerRisk’s New York office. It will be interesting to see how the capital markets side of TigerRisk’s business develops as a result of this hire, as the firm has not been particularly active in sectors such as catastrophe bonds.
However TigerRisk does apply a capital agnostic approach for clients, seeking to match their risks with the best available forms of capacity, no matter the form or source. With the hire of Ursano the broker will no doubt seek to grow its capital markets and ILS practice.
“I have followed and admired the extraordinary growth and success of TigerRisk from startup to industry leader and innovator,” said Mr. Ursano. “I’ve known Jim and Rod for over 20 years and have the utmost level of respect and admiration for their vision, expertise and approach. I look forward to working with the entire TigerRisk team to continue driving growth and creating a highly analytical, insightful, objective and high quality insurance capital markets and advisory business.”
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