Reinsurance broker TigerRisk opens Bermuda office

TigerRisk Partners L.L.C. has opened an office in Hamilton, Bermuda to provide retrocessional coverages as well as traditional reinsurance brokerage services.

Alex Bridges, a partner in TigerRisk’s London office, has moved to Bermuda to head up the new office, the company said Monday in a statement.

It is important to have “somebody on the ground, 24/7,” said Hugo Crawley, a partner in TigerRisk’s U.K. operations based in London, speaking Tuesday at the Rendez-vous de Septembre reinsurance gathering in Monte Carlo, Monaco.

The office will help provide innovative products to buyers of retrocessional coverages in Bermuda, he added.

TigerRisk also has retrocessional brokerage teams in Stamford, Connecticut, and London.