RMS, a risk modelling and solutions company, has appointed Michael Steel to the role of General Manager, succeeding Karen White, who has recently stepped down following the completion of the Moody’s acquisition.
Steel holds over 30 years of experience in the risk and capital management industry, having most recently served as Global Head of Business Development at RMS and has been at the company since 2016.
He will work alongside Steve Tulenko, President of Moody’s Analytics, along with the Moody’s and RMS senior management teams to ensure RMS continues its mission and vision.
Prior to RMS, Steel served as the Group Chief Risk Officer at AXIS Capital, following a career in reinsurance broking, including 12 years at Benfield, later Aon Benfield and now Aon Reinsurance Solutions.
In addition to his role with RMS, he serves as an Independent Non-Executive Director on the board of Allianz Re Dublin.
Previously, Steel served as an Independent Non-Executive Director on the board of Berkshire Hathaway’s international business, as an Appointed Director on the Casualty Actuarial Society, and as Chairman of the Geneva Association’s CRO Network.
Steel commented: “I’m honoured to have this opportunity at RMS, and excited to achieve our vision to ‘make every risk known’ to help our customers make better decisions and be more resilient.
“Together with Moody’s, our focus is to deliver Moody’s broader set of data and analytics to the insurance sector, expand our core offerings beyond the insurance sector, and accelerate the development of global integrated risk capabilities to address the next generation of risk assessment.”
