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Hill will replace Frank Sapio in the role.
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California wildfires had ‘little or no impact’ on property cat pricing at April 1, Dean Klisura said.
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Guy Carpenter president Dean Klisura added that Q1 was a record cat bond issuance quarter.
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Fully placed, this would equate to $275mn on the per-occurrence tower and $675mn on agg.
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Howard and Moore were among a group to receive letters over links to prior insurance insolvencies.
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Sources said Morgan Stanley has been drafted in to run the auction later this year.
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In operation since 1991, Pearl represents Ocean Harbor and Equity insurance companies.
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The suit seeks to block insurers from passing through assessment costs.
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He will replace Scott Lee, who is retiring after 40 years in claims.
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The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
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The insurer achieved an 86.4% acceptance rate of the policies selected.
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The program will provide excess casualty coverage across a broad range of industries.