Thierry Porté, Managing Director & Vice Chairman, J.C. Flowers & Co., and Jonathan Cox Managing Director, J.C. Flowers & Co., have joined the Board of Directors of Niyam Group, an Indian-focused reinsurance platform.
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 established investors in financial services.
Their appointments, underscore the strong partnership between Niyam and J.C. Flowers, the firm stated.
It also highlights a strong commitment to establishing a specialised reinsurer tailored for India and other emerging high growth markets.
The addition of Porté and Cox is expected to enhance Niyam’s governance, challenge our thinking, and advance the group’s long-term ambitions.
Porté, Board Member of the Niyam Group, and MD & Vice Chairman of J.C. Flowers & Co., commented: “In our long experience in India, the key to success is connecting outstanding local talent to our global network and expertise in financial services. Niyam exemplifies this formula. We are pleased to operate in GIFT City, an open, effective, and well-managed gateway for foreign capital into India.”
Cox, Board Member of Niyam Group, and MD at J.C. Flowers & Co., said: “We are delighted to be the lead investor in Niyam and support Niyam Syndicate 2047 at Lloyd’s. The establishment of Niyam represents an important step in the development of India’s domestic reinsurance market. Based in GIFT City, Niyam will be the first Indian reinsurer offering AA- rated capacity to cedants.”
