RMS Strengthens Executive Team with Appointment of Michael Steel
Steel’s appointment to Global Head of Solutions reinforces the company’s commitment to its clients
NEWARK, Calif. -
November 01, 2016 -
RMS today announced the appointment of Michael Steel to its executive team in the position of Global Head of Solutions. He will also chair the company’s Europe Leadership Council, and provide overall regional leadership to the RMS London and Zurich offices. Michael’s appointment reflects the company’s increased commitment to its clients in the global risk and insurance industry. He will lead teams with deep knowledge of insurance and reinsurance risk management practices to define and deliver high-value solutions.
Hemant Shah, CEO and Co-Founder of RMS said: “I am delighted to welcome Michael Steel to RMS. Michael is a widely recognized leader in our industry, who has pioneered and propagated risk analytics throughout the market. Michael will strengthen RMS’ ability to serve our clients as they compete on data analytics-driven decision making in a rapidly changing industry.”
Michael Steel, Global Head of Solutions, said: “I have always been impressed by RMS’ commitment to investing in people and new technologies to better understand the risks that are affecting our industry. I look forward to bringing together the existing RMS expertise with some of the most talented individuals within our industry, to implement solutions that assist our customers’ in addressing their risk management, underwriting, and operational challenges and opportunities.”
Michael has more than 25 years of experience in risk and capital management gained in the insurance industry. Prior to joining RMS, he was the Group Chief Risk Officer at AXIS Capital. Michael joined AXIS Capital in 2008 following 12 years at Benfield (now Aon Benfield) where he had been a Director with Benfield Ltd and Benfield Advisory, Chairman and founder of the ReMetrics team, Global Head of the Capital Markets Group and Head of the Structured Products team. Prior to his tenure at Benfield, Michael had been a leading member of Instrat, Sedgwick Group’s Analytics and Structured Products team. Michael currently serves as Chairman of the Geneva Association’s CRO Network.
RMS models and software help financial institutions and public agencies evaluate and manage catastrophe risks throughout the world, promoting resilient societies and a sustainable global economy.