Niyam Group has appointed Thierry Porte and Jonathan Cox to its board, as lead investor J.C. Flowers & Co. continues to deepen its involvement in the Indian reinsurer, according to a LinkedIn post on Monday.
The appointments follow J.C. Flowers’ agreement in March to acquire a controlling stake in Niyam Group and act as lead investor in Niyam Syndicate 2047 at Lloyd’s. Niyam launched in January 2026 as a reinsurance venture in India’s GIFT City.
“Their appointment reflects the strength of the partnership between J.C. Flowers and Niyam, and a shared conviction in the opportunity to build a dedicated reinsurer for India and other high-growth markets,” the reinsurer said.
Porte joins the board while continuing as a managing director at J.C. Flowers, where he has worked since January 2009. Prior to joining the firm, he served as president and chief executive of Shinsei Bank and spent more than two decades at Morgan Stanley.
Cox also joins the board while serving as managing director at J.C. Flowers, a position he has held since March 2012. He previously worked in the financial institutions group at Credit Suisse’s investment banking division.
Niyam said the appointments would strengthen its governance and support its long-term strategy as it builds a reinsurance platform focused on India and other emerging markets.
Commenting on his appointment, Porte said the firm’s approach in India would focus on combining local expertise with global financial services capabilities.
Cox added: “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.”
