Cat risk modeller RMS bolsters executive team with new president

Catastrophe risk modelling company RMS has appointed Mike Pritula as president to lead its client service and market development. He will also join the executive committee of RMS.

Pritula joins RMS from McKinsey & Company, where he served as a director. During his 35-year career at McKinsey, he worked with clients in North America, Asia and Europe on issues of strategy, organisation and operations. He is said to have played a key role in building the insurance practice.

Hemant Shah, CEO and co-founder of RMS, said: "I'm delighted to welcome Mike Pritula to RMS. For more than two decades I've had the opportunity to experience first-hand Mike's leadership in the industry.

"He is the foremost counsellor to the industry's senior executives, across all continents and market segments, and a preeminent thought leader on strategic performance and transformation. But it's more than that. Mike has a proven track-record of building and operating high-performing teams that are dedicated to customer success. Mike will be instrumental in taking RMS to the next level."

Pritula added: "Companies in the risk and insurance industry, from start-ups to established leaders, are driving rapid change through adoption of sophisticated risk models as well as big data and scalable analytics technology across all of their functions.

"Since its founding as a spin-off from Stanford University over 25 years ago, RMS has remained at the cutting-edge in this regard. I am impressed by RMS' Silicon Valley-culture of innovation, its leadership at a crucial inflection point in the market, and its passion and positive vision for the role that the risk and insurance industry fulfils to ensure resiliency on a global scale."

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