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NEWARK, Calif. - March 01, 2018  RMS, the world’s leading catastrophe risk modelling and analytics company, today announces the appointment of Karen White as its new Chief Executive Officer, replacing current CEO and co-founder Hemant Shah.

Karen White is an accomplished and highly capable leader in the technology industry, having served for more than 25 years as an executive and investor. White has significant experience bringing technology, innovation, data and operations together to build and scale businesses.

White started her career in Silicon Valley in 1993 as a senior executive at Oracle reporting to CEO Larry Ellison. Among other roles, she led worldwide marketing and business development. During her seven years at Oracle, the company’s revenue grew to $10 billion, profits increased nearly 65x, and the market valuation grew to more than $150 billion. Most recently, White held senior executive positions at SolarWinds, Syncplicity and Addepar. Her leadership resulted in successful outcomes across all three companies—SolarWinds held its IPO in May 2009 at a valuation of nearly $1 billion, Syncplicity was successfully acquired by EMC in 2012, and as President and COO of Addepar, White significantly scaled the customer and partner base for the company’s investment management platform, which now supports $800 billion in total assets and serves some of the world’s most important global financial services firms.

Paul Zwillenberg, CEO of RMS parent company DMGT, said: “This is the perfect time to appoint Karen White, a highly-respected and seasoned Silicon Valley executive, as the Chief Executive Officer of RMS. As digitization transforms the market for risk analysis, prediction and management, RMS is uniquely positioned to advance its leadership in the space and enter new markets. Karen has a proven track record of adapting companies to market changes to drive growth and operational effectiveness at scale.

“I would also like to thank Hemant Shah, a pioneer in the industry, for his vision and dedication, growing RMS into a global leader since co-founding the company nearly 30 years ago.”

RMS was co-founded as a spin out from an academic project at Stanford University. The company has grown to become the world’s leading catastrophe risk modelling and analytics business, with revenues of more than $300m.

Karen White said: “The market for risk analysis, prediction and management is evolving and dynamic. This is an exciting and important time for RMS. Recent catastrophes have shown that RMS solutions are more important than ever. We have the deepest bench of top talent in the industry, and a breadth of products, innovations and customer relationships that is unmatched. I’m thrilled to be joining this world-class team as we continue to innovate, grow and help lead the next wave of transformation.”

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About Moody's RMS

Moody’s RMS shapes the world’s view of risk for insurers, reinsurers, financial services organizations, and the public sector, with Moody’s RMS models underlying the nearly $2 trillion USD Property & Casualty industry. Moody’s RMS empowers organizations to evaluate and manage global risk from natural and man-made catastrophes, including hurricanes, earthquakes, floods, climate change, cyber, and pandemics.

Moody’s RMS helped pioneer the catastrophe risk industry, and continues to lead in innovation, unmatched science, technology, and 300+ catastrophe risk models. Organizations can address the risks of tomorrow with the Intelligent Risk Platform™, the only open cloud with collaborative applications and unified analytics that can power risk management excellence.

Further supporting the industry’s transition to modern risk management, in 2020, Moody’s RMS spearheaded the Risk Data Open Standard (RDOS), a modern, open-standard data schema designed to be an extensible and flexible asset within modeling/analysis systems.

In 2021, Moody’s Corporation acquired Risk Management Solutions, Inc. and as part of Moody’s Analytics, Moody’s RMS serves the P&C insurance industry as the leading provider of expertise, science, and technology in integrated risk. A trusted solutions partner, Moody’s RMS enables effective risk management for better business decision-making across risk identification and selection, mitigation, underwriting, and portfolio management.

Visit RMS.com to learn more and follow us on LinkedIn and Twitter.

© 2023 Risk Management Solutions, Inc. and/or its affiliates and licensors (“Moody’s RMS”). All rights reserved. All names, logos, and icons identifying Moody’s RMS and/or its products and services are trademarks of Risk Management Solutions, Inc. and/or its licensors or affiliates. Third-party trademarks referenced herein are the property of their respective owners.

RMS is a subsidiary of Moody’s Corporation (NYSE: MCO) and operates as part of the Moody’s Analytics business segment. Moody’s Analytics is operationally and legally separate from the Moody’s Investors Service credit rating agency.

Media Contacts

Matthew Longbottom

PR Lead, EU and APAC
+44 20 7444 7706 prteam@rms.com

Haggie Partners

PR Lead, Americas
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