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LONDON, U.K. – March 16, 2020 RMS®, the world’s leading catastrophe risk modeling company, announces the appointment of Michael Steel as Global Head of Business Development, joining the RMS Executive Committee.

Mike first joined RMS in 2016 to help drive innovations to solve the key risk management challenges faced by insurers and had been serving in a strategic advisory role at RMS prior to his appointment. He has 30 years’ experience in risk and capital management gained in the insurance industry. Prior to RMS, Mike was the Group Chief Risk Officer at AXIS Capital, following a career in Reinsurance Broking, including 12 years at Benfield (now Aon Benfield) where he led the ReMetrics team, in addition to leading teams in the development innovative solutions in the reinsurance and capital markets.

Karen White, Chief Executive Officer at RMS, said: “Mike brings a wealth of experience and industry knowledge of the global insurance market to his role. RMS clients have benefitted from Mike’s thought leadership and wholistic, pragmatic approach to bringing innovation to the insurance industry. His unique perspectives and strong industry relationships built over years make him ideally suited to advance our business development efforts to bring new and differentiated value to our customers as our market evolves.”

In addition to his role with RMS, Mike serves as an Independent Non-Executive Director on the board of Allianz Re Dublin dac. Michael has previously served as an Independent Non-Executive Director on the board of Berkshire Hathaway’s International business, an Appointed Director on the Casualty Actuarial Society and Chairman of the Geneva Association’s CRO Network.

Mike will be based in the RMS London office and report directly to Karen White, Chief Executive Officer at RMS.

Michael Steel, Global Head of Business Development at RMS said, “The insurance industry is at a key inflection point in terms of harnessing advances in data, analytics, and technology. RMS has always been the leader in catastrophe modeling and the significant investments it is making in technology solutions will assist the industry to navigate through this transformation. I am excited by the direction and potential of RMS, and in our ability to deliver, innovate, and grow.”

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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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