1 November 2016 Insurance

RMS hires former AXIS Capital CRO to join exec team

Catastrophe risk modelling company RMS has appointed Michael Steel as global head of solutions, joining its executive team.

Further to this appointment, Steel will also chair RMS’ Europe leadership council, and provide overall regional leadership to the RMS London and Zurich offices.

Steel has over 25 years of experience in risk and capital management gained in the insurance industry, having previously served as group chief risk officer (CRO) at AXIS Capital.

He joined AXIS Capital in 2008 following 12 years at Benfield (now Aon Benfield) where he had been a director with Benfield and Benfield Advisory.

Hemant Shah, CEO and co-founder of RMS said: “I am delighted to welcome Michael Steel to RMS. Michael is a widely recognised 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.”

Steel added: “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.”

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