PCS
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Total combined losses for the agency’s Helene and Milton estimates stand at $31.8bn. -
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.
