TigerRisk’s Few highlights opportunities and challenges ahead

TigerRisk Partners’ ability to innovate and think differently was part of the attraction of joining the broker for James Few, who joined the business in September as London CEO.

Few, who was previously global managing director of reinsurance at MS Amlin, told APCIA Today that he believes exciting times lie ahead for the broker. He said he had been a client of TigerRisk for many years and saw first-hand its ability to innovate.

He highlighted the effectiveness of its joined-up approach to customer service, whereby it will work with clients on everything from capital market transactions to new sources of capital to traditional solutions, all within one team.

Few said he has identified many opportunities for the broker to make a difference for its clients.

“There’s plenty of upheaval and change going on in the market, due to the loss events of 2017, 2018, and the new events of 2019,” he said.

“Three cat years in a row is unprecedented and has caused clients to think deeply about the way in which their capital along with existing protection is responding. They are examining how their technical approach to risk may need to be updated for modern views on climate change or changing risk patterns.”

Loss trends are emerging in the casualty market, Few pointed out, while new risk areas such as cyber are causing both opportunities and concerns.

“For TigerRisk, which likes to think differently, which likes to bring innovative solutions to clients and likes to challenge traditional ways of thinking and come up with newer ideas, this is a fantastic opportunity,” he said.

Few added that consolidation in the intermediary space presents an opportunity for TigerRisk. It is now the fourth largest reinsurance intermediary in the world. Few eyes an opportunity for it to become a full-service alternative to the dominant ‘big three’ brokers.

Few will look after TigerRisk’s international business, specifically London, Europe and the Middle East and Asia. He said the London Market is going through a period of significant and exciting change, with Lloyd’s alone developing six initiatives that could create new opportunities for clients, as clients and as providers of capital to others.

“This is a great opportunity for London to illustrate why it has a very long track record of innovation, product development and meaningful capacity supply.

“We’re working hard with our clients in this period of upheaval to create business opportunities and exciting solutions that TigerRisk can help deliver,” Few said.