PCS

Verisk, a data analytics and technology provider to the global insurance, reinsurance and insurance-linked securities (ILS) industry, has announced the promotion of Harry White to lead its Property Claim Services (PCS) unit.

Property Claim Services (PCS), the unit of Verisk that is a provider of industry loss estimates and loss data to the reinsurance and ILS industry, has provided us a detailed overview of the processes the organisation uses to designate and estimate insurance industry losses for perils such as U.S. tropical cyclones, severe thunderstorms, and winter […]

Property Claim Services (PCS), the unit of Verisk that is a provider of industry loss estimates and loss data to the reinsurance and ILS industry globally, has hired Harry White as its new Head of Commercial Strategy, while also naming Ted Gregory as its new Head of Research and Operations.

Artemis has learned that Alex Mican, the Head of PCS Global Strategy and Growth at Verisk Claims, is departing the company.

In the wake of Tom Johansmeyer, the former Head of Verisk unit PCS, joining the Ardonagh Group reinsurance broking division Inver Re in Bermuda, the company has now launched an integrated global index practice and sees an advantage in leveraging his experience in ILW’s.

Verisk, the insurance and reinsurance market claims, data and technology focused service provider, has named two new leadership appointments within its PCS (Property Claim Services) business unit, in the wake of the departure of former PCS leader Tom Johansmeyer.

Inver Re, the Ardonagh Group’s reinsurance broking arm, has made a key hire in taking well-known industry executive Tom Johansmeyer from Verisk’s PCS unit, to become the brokers’ new Global Head of Index products, Artemis has learned.

PCS worked with Ariel Re and the structurer, Howden Tiger Capital Markets & Advisory, of the reinsurer’s Titania Re catastrophe bond issuance to create the innovative carbon offset feature, discusses Tom Johansmeyer, Head of PCS, a Verisk business.

As the catastrophe bond market continues to deal with the effects of the 2022 Atlantic hurricane season, Tom Johansmeyer, Head of PCS, Verisk Insurance Solutions, expects demand for industry loss triggers to persist for some time.

In light of current market conditions and a heightened awareness about the hidden costs of UNL or indemnity business, it makes sense to leverage the industry loss index product, according to Tom Johansmeyer, Head of PCS.