Alex Mican, the previous Head of PCS International Technique and Progress 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 might be tasked with serving to to proceed to work with market participant and investor shoppers to assist them better-understand and interact in ILS, utilizing Moody’s providers.
As we reported first, Mican ended his tenure at Verisk’s Property Claim Services (PCS) unit last 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 shoppers and prospects within the ILS sector, in addition to different capability suppliers, to construct on Moody’s stature within the different threat switch house.
Moody’s stated that Mican’s “strategic perception and management might 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 might be instrumental in assembly the rising wants of our ILS shoppers and in bringing Moody’s cutting-edge options to market in impactful methods.
“The ILS market is experiencing important progress, pushed by rising dangers corresponding to these related to local weather change. As investor urge for food for brand spanking new dangers will increase, Moody’s superior threat analytics applied sciences might be essential in serving to corporations and traders acquire confidence of their threat assessments.”
