Service provider
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The role at PCS included acting as primary touchpoint for ILS. -
The claims and services provider has now launched the process it postponed last year.
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The executive will retain an advisory role with the wholesale broker.
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The industry loss number has increased threefold from an initial $5bn pick.
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Gavin Jackson assumes responsibilities previously held by David Pigot, who retired recently.
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AM Best said it expects insured losses from the California wildfires to be “significant”.
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The executive was previously CEO of the group’s North America unit.
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Most of the industry losses occurred in Austria, the Czech Republic and Poland.
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The loss figure has increased 200% from the initial number provided in October.
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Funding has reached $3.2bn over the first three quarters, 7% less than in 2023.
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Wayne Manning will assume responsibility for the Lloyd’s and London market team.
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The loss tally is considerably lower than estimates issued by model vendors.
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