TigerRisk Partners L.L.C.'s hiring of Philipp Kusche from Swiss Re Capital Markets Corp. comes as part of the company's strategy to become a leading strategic, capital and reinsurance adviser in the market.

Mr. Kusche has been appointed partner and global head of insurance-linked securities and capital solutions at Stamford, Connecticut-based TigerRisk. He'd previously served as head of ILS structuring and origination at Swiss Re Capital Markets in New York and will continue to be based in the city.

In a statement announcing his hiring, Mr. Kusche said he has two goals for his new position.

“At TigerRisk, I hope to achieve two goals,” said Mr. Kusche. “First I look forward to being a truly independent and objective adviser, able to provide clients truly holistic solutions using the entire spectrum of capital independent of its source, whether from traditional reinsurance or the capital markets.

“My second goal is to develop a range of new, more efficient risk-transfer solutions using instruments designed to attract highly sophisticated insurance risk specialists at hedge funds, large pension funds, institutional investors, etc., who have the requisite knowledge to assess the risks, as well as products allowing broader access from nonspecialist institutional investors,” he said.

“I think the market is kind of evolving from the traditional reinsurance market to where the capital markets will continue to play a larger role,” said Mr. Kusche in an interview Monday. “It will be more and more important to offer clients truly holistic solutions. Obviously, TigerRisk already has a very strong traditional reinsurance franchise, and with Tony Ursano's hiring last year, established also essentially their investment bank services and now with the additional of myself also includes the ILS segment, allowing us to advise clients independently of the source of capital whether coming from reinsurance or capital markets.”

Mr. Kusche will report to Mr. Ursano, who is president of TigerRisk. Mr. Ursano joined TigerRisk from Willis Group Holdings P.L.C., where he was the founder and CEO of Willis Capital Markets & Advisory for six years and a member of the Willis Group executive committee.

“I think our strategy is sort of evolving to aspire to be the leading strategic, capital and reinsurance adviser in the market. We think about helping our clients,” said Mr. Ursano in an interview Monday.

He said strategically, that means helping clients “to grow either organically or through M&A. From a capital perspective, how to help our clients to construct the optimal capitals structure with the most efficient cost of capital available, and how to structure and execute their reinsurance placements.”