RMS Announces New Roles for Keogh and Grant

RMS appoints Bill Keogh as Group Executive, Global Client Development, and Matthew Grant as Chief Markets Officer

Newark, Calif. – November 2, 2006 –  Risk Management Solutions, Inc. (RMS), the world’s leading provider of products and services for the management of natural hazard risk, is pleased to announce the appointment of Bill Keogh to the position of Group Executive, Global Client Development, and the appointment of Matthew Grant to the position of Chief Markets Officer.

In his new role, Mr. Keogh will oversee global client-facing activities, including sales, professional services, client support, and training for the expanding RMS client base. Prior to this appointment, he was Senior Vice President of the RMS Americas client sales and service region. Before joining RMS, Mr. Keogh was engaged in various underwriting and marketing activities with AIG, NAC Re, and Swiss Re. His insurance industry experience includes extensive work in developing markets. Bill is a graduate of Boston University.

Commenting on Mr. Keogh’s appointment, Hemant H. Shah, President and CEO, said, “Since joining RMS in 1996, Bill has played a leading role in collaborating with our clients, helping to define the RMS strategy, and growing our presence in the re/insurance markets. Bill’s broad experience within RMS, and in the re/insurance industry, make him extremely well suited to this position. I am extremely pleased to have Bill in this new role.”

Matthew Grant will also take up a new position within RMS where he will be responsible for developing new businesses to support the evolving demand from RMS clients for expanded risk assessment, data, and exposure management capabilities. Matthew founded the RMS operations in Europe in 1996. Prior to his newest role, Matthew was responsible for RMS clients outside of the U.S. and Bermuda.

“Rigorous analytics are becoming critical across insurance companies today,” said Mr. Grant. “A foundation of robust catastrophe modeling expertise will increasingly be complemented by products, data, and consulting to provide a comprehensive view of risk.”