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.
Harry White joins PCS after spending more than 14 years working at Verisk and AIR Worldwide, in roles focused on catastrophe bonds and the insurance-linked securities (ILS) market.
White began working at AIR Worldwide in 2010 in business development, working to help entities across the reinsurance market, including ILS funds, adopt the AIR catastrophe risk models.
In 2016 White moved into roles focused solely on ILS securities at AIR and then Verisk, working on catastrophe bond risk analysis reports, offering circular information, and assisting with ILS related RFP’s and other liaison with ILS fund managers regarding the AIR model suite.
He ultimately became a Senior Manager for the Verisk Extreme Event Solutions team, playing a leading role in much of the cat bond and ILS related work and business development there over the last few years.
As a result, White brings an interesting perspective to the Head of Commercial role at PCS, with deep understanding of the cat bond offering, how ILS managers utilise models and data, as well as experience across the range of risk transfer structures.
In addition, White has a proven track-record in client engagement and development, as well as highly technical understanding for the use-cases of PCS and its industry-loss reporting, data and indices offerings.
“I’m thrilled to be joining PCS as Head of Commercial Strategy at such an exciting time for the business,” commented White. “Having spent most of my career at Verisk. I’ve seen first-hand the critical role PCS plays in delivering trusted insights to the global (re)insurance sectors.
“I look forward to working closely with clients and partners to deepen market engagement and advance the company’s commercial strategy that supports PCS’s growth and innovation.”
In addition, PCS has also made another senior change, appointing long-standing employee Ted Gregory to the newly created role of Head of Research and Operations.
Gregory has been a leader at PCS since joining in 2013 and was made its Head of Operations in 2023.
Gregory will now take on an expanded role in leading both research and operational activities for PCS.
The company said this move and the expansion of Gregory’s role “reflects PCS’s continued emphasis on analytical precision and transparency and as a trusted partner to the industry.”
“It’s critical we continue to advance our commitment to delivering deeper, more analytically rigorous insights in line with growing global (re)insurance and ILS markets,” Gregory explained. “We are continuing to enhance the foundation of our natural catastrophe and specialty market methodologies to ensure they remain robust, transparent, and aligned with evolving client needs.
“I’m very much looking forward to continuing this journey with PCS.”
Recall that, PCS is a key provider of data to the catastrophe bond, insurance-linked securities (ILS) and industry-loss warranty (ILW) markets.
The data PCS provides is used in triggers for industry-loss index based reinsurance and retrocession risk transfer arrangements, with the company acting as a reporting and calculation agent for transactions.
