Tigermar
Tigermar is a Singapore-headquartered specialty direct insurance and reinsurance broker serving enterprise clients across shipping, offshore energy, commodity trading and subsea sectors worldwide, placing marine, energy and non-marine coverage via Lloyd's and Company Market access.
- Company typePrivate
- Founded2014
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Tigermar does
Tigermar is a specialty direct insurance and reinsurance broker founded in 2014 and headquartered in Singapore. The firm is legally organized as Tigermar Global Pte Limited in Singapore, with affiliated operations in London (Lloyd's Market access via a Seascope alliance signed in 2015), Norwich and Cambodia (established 2018). It places both direct insurance and reinsurance across Marine & Energy (the core franchise, covering Hull & Machinery, Protection & Indemnity, War, Loss of Hire, Cargo, Builder's All Risks, Construction All Risks, Offshore Liabilities, Equipment All Risks, Ports & Terminals, Renewables, Operator's Extra Expense, Piracy, Delay Risks, Crew Cover, Charterers' Liability and Professional Indemnity) and Non-Marine lines (Property, Business Interruption, D&O, Cyber, Crime, Political Risks, Environmental Impairment, Medical Malpractice, Reps & Warranties and others), complemented by Consultancy and Claims Advocacy services. The company also develops bespoke one-off policy wording for non-standard specialty risks such as sub-sea sampling cover.
The firm generates revenue primarily through brokerage commissions on placed insurance and reinsurance, supplemented by professional services fees for standalone claims advocacy and risk engineering consultancy. It uses a quote-based pricing model tailored to each client's risk profile, sold through relationship-based direct enterprise sales — not retail or marketplace channels — and operates on all seven continents including Antarctica. By 2024 Tigermar employed 33 people across 7 nationalities, placing insurance on thousands of vessels and reporting premium-to-market exceeding USD 60 million by the end of its second full year of trading (2016). The client base is enterprise-grade, anchored in shipping, offshore energy, commodity trading and subsea sectors, with named relationships including Hamburg Sud, a Major Commodity Trading House (since 2018), a Leading Offshore Contractor and a Major Ship Owning Group. Leadership is heavily sourced from JLT Specialty, Marsh, Aon, SwissRe and Willis, with multiple senior directors holding 40+ years of broking experience, and the company has grown organically without disclosed external funding.
Tigermar firmographics
Firmographics- Name
- Tigermar
- Legal name
- Tigermar Global Pte Limited
- Website
- https://tigermar.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Tigermar is a Singapore-headquartered specialty direct insurance and reinsurance broker serving enterprise clients across shipping, offshore energy, commodity trading and subsea sectors worldwide, placing marine, energy and non-marine coverage via Lloyd's and Company Market access.
- Ownership category
- akta.pro rank
Tigermar industry classification
Industry- Product category
- Specialty Insurance & Reinsurance Brokerage
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)
- akta.pro secondary industries
- Marine Specialty (Hull/P&I/Cargo) (FSAJAGAJ), Specialty Lines Reinsurance Brokerage (e.g., marine, aviation, cyber, surety) (FSAOAHAE), Marine Reinsurance (FSAOADAA), Inland Marine Insurance (Transit, Equipment & Installation) (FSAJAHAB)
Keywords
Where Tigermar is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices4 records
Markets served
Tigermar business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Insurance Brokerage Commissions: Tigermar acts as an intermediary between insurers and customers, earning commissions on placed insurance policies. The company places both direct insurance and reinsurance across marine, energy, and non-marine lines.
- Claims Advocacy Services: Claims handling and advocacy services are included as part of the placement service when Tigermar is responsible for the insurance placement. For standalone claims advocacy on risks placed by other brokers, additional professional service fees may apply.
- Consultancy Services: Risk engineering and consultancy advice provided to clients for risk assessment and management.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Tigermar product offering
Product offeringCore offering
Tigermar is a specialty direct insurance and reinsurance broker that places complex marine, energy, and non-marine risks on behalf of enterprise clients and provides end-to-end claims advocacy and risk engineering consultancy. The firm earns commissions on placed policies and fees on standalone claims handling, accessing the Lloyd's market and a global network of underwriters to deliver bespoke coverage solutions.
Product overview
Tigermar is a specialty direct insurance and reinsurance broker offering a comprehensive portfolio of products and services organized into three main pillars: Marine & Energy (core product), Non-Marine, and Consultancy and Claims Advocacy. The Marine & Energy division encompasses specialized covers including Hull & Machinery, Protection & Indemnity, War and Related Risks, Loss of Hire, Cargo, Builder's All Risks, Construction All Risks, Offshore Liabilities, Marine Equipment All Risks, Marine Special Risks, Operator's Extra Expense, Piracy & Extortion, Ports and Terminals, Renewables, Delay Risks, Crew Cover, Charterers' Liability, and Professional Indemnity. The Non-Marine division includes Commercial Crime, Cyber Risks, D&O, Environmental Impairment Liabilities, Industrial All Risks, Medical Malpractice, Political Risks, Property All Risks, Public and Products Liability, and Reps and Warranties. Bespoke Sub-Sea and Offshore Solutions are developed as custom-designed products in collaboration with underwriters for non-standard specialty risks. All offerings are supported by claims advocacy services where brokers are integral to the claims process.
Differentiator
Problem solved
Functional benefit
Products and services
- Marine & Energy Insurance Brokerage
- Non-Marine Insurance Brokerage
- Consultancy and Claims Advocacy
- Bespoke Sub-Sea and Offshore Insurance Solutions
Quantifiable outcome
- Premium to market exceeded USD 60,000,000 by end of 2nd year (2016)
- +3 more outcomes
Companies that use Tigermar
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles2 records
Tigermar technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Tigermar partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- CyberOwlcoreTigermar partners with CyberOwl to help maritime clients strengthen resilience and respond effectively to cyber incidents at sea. CyberOwl provides technology, intelligence, and security operations for rapid incident response, including analyzing vessel IT & OT networks for vulnerabilities, detecting abnormal activity in real-time, and providing just-in-time crew training. Tigermar embeds this cyber resilience into core maritime risk management strategies for clients.
- SeascopecoreStrategic alliance signed in 2015 to gain access to the Lloyd's Market. This partnership enables Tigermar to place business with Lloyd's syndicates and access the world's largest insurance marketplace.
Scale indicators6 records
Recent moves11 records
Tigermar competitors and assessment
Company assessmentDirect peers
- Lockton: Lockton is the world's largest privately held insurance broker with a significant marine and specialty practice. As a private, founder-influenced firm, it competes directly with Tigermar for specialty marine and offshore clients seeking independent brokerage service.
- Howden: Howden has rapidly consolidated specialty insurance brokers globally via M&A, with a strong marine and energy practice. It is the most acquisitive specialty broker in the market and a likely strategic acquirer or direct competitor for mid-sized specialty marine placements.
- NDI Insurance & Reinsurance Brokers: NDI is a specialist London-based marine and energy broker, comparable in size and focus to Tigermar. One of Tigermar's team members previously worked at NDI, reflecting the tight-knit talent pool in this niche.
- RFIB Group: RFIB is a specialty insurance and reinsurance broker with strong marine, energy, and Asian market presence (including a Singapore office established by Tigermar's current Director of Reinsurance). It is a direct comparable in scale and product mix.
Broad incumbents
- Marsh JLT Specialty (Marsh): Marsh acquired JLT in 2019, absorbing the very Specialty business from which Tigermar's founders came. Marsh JLT Specialty is the dominant global specialty insurance broker with deep marine, energy, and offshore capabilities and the largest Lloyd's broking presence, making it the primary incumbent competitor for enterprise marine and energy placements.
- WTW (Willis Towers Watson): WTW's Marine and Energy specialty practice (rooted in Willis) is a top-three global marine broker with significant Lloyd's presence. It competes with Tigermar for complex marine and offshore placements from enterprise clients.
- HDI Global Specialty: HDI Global Specialty (part of Talanx) is a specialty insurer and broker providing marine, energy, aviation, and liability coverage. As an established specialty carrier-broker, it competes with Tigermar for marine and energy placements and could be a partner or competitor.
- Aon: Aon's Marine and Energy specialty practice is one of the world's largest, employing thousands of brokers globally and offering integrated risk capital, reinsurance, and analytics. Tigermar's leadership pedigree (multiple ex-Aon brokers) reflects direct talent competition with Aon.
Regional players
- Besso (now part of Howden): Besso was a London-based specialist Lloyd's broker historically focused on marine and energy risks, acquired by Howden in 2024. It is directly comparable to Tigermar as a specialty marine broker accessing the London/Lloyd's market.
Emerging players
- Beazley: Beazley is a specialist Lloyd's insurer and MGA with marine, energy, and cyber capabilities. While primarily an underwriter rather than broker, Beazley competes with Tigermar in placing specialty marine and cyber risks and is a potential Lloyd's capacity partner.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Tigermar social profiles
Digital presenceTigermar financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tigermar leadership team
Management profileNumber of profiles
Profiles23 records
Tigermar subsidiaries and ownership
Company hierarchySubsidiaries1 record
Tigermar funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tigermar M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tigermar
What does Tigermar do?
Tigermar is a specialty direct insurance and reinsurance broker that places complex marine, energy, and non-marine risks on behalf of enterprise clients and provides end-to-end claims advocacy and risk engineering consultancy. The firm earns commissions on placed policies and fees on standalone claims handling, accessing the Lloyd's market and a global network of underwriters to deliver bespoke coverage solutions.
Is Tigermar a public or private company?
Tigermar is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Tigermar founded?
Tigermar was founded in 2014. It employs 11 to 50 people.
Where is Tigermar based?
Tigermar is headquartered in Singapore, Singapore, in the Asia region.
How does Tigermar make money?
Three revenue lines are on record. Insurance Brokerage Commissions are the primary driver. The others are claims Advocacy Services and consultancy Services.
Who are Tigermar's main competitors?
Direct peers on record are Lockton, Howden, NDI Insurance & Reinsurance Brokers and RFIB Group. Broad incumbents are Marsh JLT Specialty (Marsh), WTW (Willis Towers Watson), HDI Global Specialty and Aon. Besso (now part of Howden) is listed as a regional player. Beazley is listed as an emerging player.
Does Tigermar have an API?
No public API is recorded for Tigermar.
What industry is Tigermar in?
Tigermar's product category is Specialty Insurance & Reinsurance Brokerage. Its primary akta.pro industry code is FSAEADAJ, Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines), with a secondary code of FSAJAGAJ, Marine Specialty (Hull/P&I/Cargo). Its NAICS code is 523 and its SIC code is 6331.