Reinsurance brokerage, risk and capital advisory TigerRisk Partners, LLC has announced that its President Tony Ursano is set to depart the firm.
Ursano joined TigerRisk in 2015, moving from broking rival Willis, taking on the position with an aim of furthering the company along its path as a capital agnostic intermediary with an integrated reinsurance and capital markets approach.
Ursano brought the company significant capital markets in reinsurance expertise, covering capital raising, mergers and acquisitions, structuring and insurance-linked securities (ILS) related transactions.
Now, Ursano has been announced as stepping down from TigerRisk and leaving the firm.
Rod Fox, CEO of TigerRisk, said that Partners Jarad Madea and Stephen Fromm will assume Ursano’s responsibilities.
Madea joined the TigerRisk Capital Markets & Advisory unit in 2015 as well, also coming from Willis.
Fromm joined the capital markets and ILS focused unit in 2018, coming from Deutsche Bank.
Fox said the departure of Ursano was not surprising to him, “Tony had informed the Board in January of his long-held desire to pursue other interests. He agreed to remain with us into May to see a number of important mandates through to completion. He has built a strong franchise for us which will continue to grow. Naturally, we’re sorry to see him go and wish him the very best.”
“I have enjoyed my time at TigerRisk,” Ursano said. “I am proud both of the progress the firm has made over the last four years as well as the world-class capital markets and advisory franchise we have built. I am certain that 2019 will be Tiger’s best year ever and I look forward to watching the firm’s incredible trajectory of success. I wish each and every Tiger the very best and I look forward to staying in touch with you in my next adventure.”
It will be interesting to see where Ursano surfaces.
With a number of high-profile reinsurance and ILS hybrid entities in the works, there are ample opportunities at firms with innovative business models available for a hire of Ursano’s calibre.
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