Alex Mican, the previous Head of PCS International Technique and Development at Verisk, has now joined Moody’s in a task centered on insurance-linked securities (ILS) advisory and enterprise improvement.
Mican has joined the Moody’s Insurance coverage Advisory crew as a Director and shall be tasked with serving to to proceed to work with market participant and investor purchasers to assist them better-understand and have interaction in ILS, utilizing Moody’s companies.As we reported first, Mican ended his tenure at Verisk’s Property Declare Providers (PCS) unit final week, having labored within the unit since 2016, changing into the lead for all client-facing exercise in 2023, in addition to new product and market improvement and the first touchpoint for reinsurance and insurance coverage linked securities (ILS) actions that PCS undertook.
In his new function at Moody’s, Mican will leverage the agency’s information, analytics, and options to assist the expansion of the ILS market.
He’ll help purchasers and prospects within the ILS sector, in addition to different capability suppliers, to construct on Moody’s stature within the various threat switch house.
Moody’s mentioned that Mican’s “strategic perception and management shall be invaluable” as the corporate “continues to innovate and develop its ILS market options.”
Ben Brookes, Managing Director of Insurance coverage Advisory at Moody’s, commented on Mican becoming a member of the agency, “We’re thrilled to welcome Alex to our crew. His creativity and vitality shall be instrumental in assembly the rising wants of our ILS purchasers and in bringing Moody’s cutting-edge options to market in impactful methods.
“The ILS market is experiencing important development, pushed by rising dangers corresponding to these related to local weather change. As investor urge for food for brand new dangers will increase, Moody’s superior threat analytics applied sciences shall be essential in serving to companies and traders achieve confidence of their threat assessments.”
