TigerRisk in first secondary trade on Xchanging platform

TigerRisk has transacted the first ever electronic secondary
reinsurance trade using Xchanging's new placement platform
XgRM.
TigerRisk signed up as the platform's first client last year
and since its release last March more than 750 users from 130
reinsurance carriers have joined the multi-broker initiative.
In a statement, the reinsurance broker and advisory firm's
CEO Rod Fox said executing secondary reinsurance trades in a live
market environment provided a "host of benefits".
"It adds liqui