PCS
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Harry White has been with Verisk for 14 years, while Ted Gregory has been with PCS for 12. -
The latest update brings the agency’s combined estimate for Milton and Helene to $32.4bn.
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The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
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Total combined losses for the agency’s Helene and Milton estimates stand at $31.8bn.
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Insurance Insider ILS revealed last week that the executive was leaving Property Claims Services.
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The loss aggregator has classified the fires as two separate events for reinsurance purposes.
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The firm is the sole provider to offer index services in the US.
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ILW limit of around $1bn could change hands depending on where the Hurricane Ian industry loss number settles.
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Tom Johansmeyer is leaving the business to join reinsurance broker Inver Re.
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Lower-attaching Florida ILWs had been more in demand at this year’s mid-year renewals.
