RMS Appoints Dr. Pete Dailey to Lead U.S. Inland Flood Model
Dailey brings expert understanding of natural catastrophes and broad industry experience to oversee the coming launch of the RMS U.S. Inland Flood Model and lead the future development of innovative modeling tools
NEWARK, Calif. -
September 25, 2017 -
RMS, a leading global risk modeling and data analytics firm, today announced the appointment of Dr. Pete Dailey as vice president to lead flood model development in its California headquarters.
Dailey, an expert in climate catastrophe model development and analytics, has over 15 years of industry experience. As vice president, he will oversee the upcoming release of the RMS U.S. Inland Flood Model®, set to launch in spring 2018. Dailey will also lead the development of innovative modeling tools for improved risk management before, during and after a climate event.
Peter Ulrich, head of the model management team said, “Pete brings a deep understanding and expertise of natural catastrophes to the model management team. As the leader of our highly anticipated U.S. Inland Flood Model, his knowledge of this peril, and the risk management challenges it presents to the insurance industry, will be central to informing the implementation and technical understanding of our clients.”
Dailey joins RMS from consultancy firm Urban Enterprise Partners Inc., where, as founder, he provided custom modeling solutions and analytics to insurance, reinsurance and NGO clients. Previously, he was senior vice president at Verisk Climate and vice president at AIR Worldwide. He led model research and development for catastrophic tropical cyclones, winter storms, severe thunderstorms and storm surge, and he contributed to the development of emerging risk models for perils such as wildfire, cyber terrorism and inland flood.
Pete Dailey, vice president, said, “RMS is known as a leading catastrophe modeler and analytics firm for good reason. The team is rich in skill and experience, and the models and software solutions are first-in-class. Next year’s launch of the U.S. Inland Flood Model signals the single largest model development project in the more than 25-year history of RMS. I’m thrilled to join the model product management team, and I look forward to contributing to the development of the company’s innovative risk management tools and bringing the new U.S. flood model to market.”
RMS solutions help insurers, financial markets, corporations, and public agencies evaluate and manage catastrophe risks throughout the world. RMS has over 1,200 employees across 13 offices in the US, London, Bermuda, Zurich, India, China, Japan, Singapore and Australia - our products and models covering six continents.
We lead an industry that we helped to pioneer—catastrophe risk modeling—and are delivering models, data, and risk management solutions on the RMS(one)® platform to transform the world’s understanding and quantification of risk through open, real-time exposure and risk management.
More than 400 insurers, reinsurers, trading companies, and other financial institutions trust RMS solutions to better understand and manage the risks of natural and human-made catastrophes, including hurricanes, earthquakes, floods, terrorism, and pandemics.