Two former top insurance industry chief executive officers saidthey have joined to start a new reinsurance brokerage based inGreenwich, Conn.

Rod Fox, former CEO of Benfield Inc., brokerage and Jim Stanard,former CEO of Renaissance Re, announced the formal launch ofTigerRisk Partners, a privately-held reinsurance intermediary builtaround a line-up of other top level industry professionals aimingat a select group of clients.

"TigerRisk will provide strategic advice and optimalreinsurance/capital markets solutions to sophisticated clients withcomplex needs," said Mr. Fox, CEO.

"Customers are tired of the order-taking mentality. They arelooking for a competitive advantage and on-going value creation,"he continued.

Mr. Fox said TigerRisk will assume the role of "problem solver,innovator, and sophisticated financial solutions provider. Thedepth of our resident intellectual capital, market knowledge, andindustry relationships will enable TigerRisk to provideunparalleled creativity and service."

Joining Mr. Fox and Mr. Stanard are Ted Blanch, former CEO of EWBlanch; Linda Johnson, former executive vice president of Casualtyof Benfield; Geraldine DelPrete, former EVP of Willis Re andGallagher; Tim Bienek, former chief operating officer of Benfieldand Praetorian; Marc Lauricella, former EVP of Marketing ofBenfield and Praetorian; Milan Radonich, former chief financialofficer of Benfield and Praetorian; and Larry LaMere, former EVP ofOperations at Benfield.

Besides headquarters in Greenwich, the firm has offices in NewYork, Minneapolis, Dallas, and San Antonio.

TigerRisk said will provide sophisticated advisory andintermediary services to insurers with complex risks.

"The reinsurance industry is undergoing a fundamental change,"said Mr. Stanard. "Major insurers need an intermediary capable ofunderstanding and optimizing their risk profile. TigerRisk willprovide our clients with consistent senior level attentiondelivering thought leadership, decision-making analytics, andinnovative solutions through market cycles."

With no legacy or exclusive agreements, Mr. Fox said, "TigerRiskhas access to all existing models and analytic tools and isdeveloping several of its own proprietary applications."

Through their partnership with the BMS Group, based in London,TigerRisk Partners (initially known as Alpha Re) said it has accessto a full complement of client services including actuarial,financial analysis, catastrophe modeling, contract writing,accounting, and claims.