Thierry Porté, managing director and vice chairman of JC Flowers & Co., and Jonathan Cox, managing director of JC Flowers & Co., have joined the board of directors of India-focused reinsurance platform Niyam Group.
Porté and Cox bring decades of experience investing in and building leading businesses around the world through J.C. Flowers & Co., one of the most prominent investors in financial services.
The company said their appointments underscore the strong partnership between Niyam and JC Flowers.
It also underscores the strong commitment to building a specialist reinsurer tailored for India and other emerging high-growth markets.
The additions of Porté and Cox are expected to strengthen Niyam’s governance, challenge our thinking and advance the Group’s long-term objectives.
Porté, Member of the Board of Directors of Niyam Group and Managing Director and Vice Chairman of JC Flowers & Co, commented: “Based on our long experience in India, the key to success is connecting excellent local talent with our global network and financial services expertise. Niyam embodies this model. We are delighted to launch operations in GIFT City, an open, efficient and well-managed gateway for foreign investment into India.”
Cox, board member of Niyam Group and managing director of JC Flowers & Co., said: “We are delighted to be a major investor in Niyam and to support Lloyd’s Niyam Syndicate 2047. The establishment of Niyam represents an important step in the development of India’s domestic reinsurance market. Headquartered in GIFT City, Niyam will be the first Indian reinsurer to provide AA-rated underwriting capabilities to cedants.”
