Risk modelling and risk analytics firm RMS has hired Mike Pritula, a former McKinsey alumni, as its President, strengthening the executive bench at the company.
In the role Pritula will lead RMS’ client service and market development, charged with ensuring the company helps its clients succeed.
Pritula, an insurance and reinsurance industry veteran with 35 years spent at McKinsey advising the sector, will strengthen RMS’ executive board at a time when the company is positioning itself not just as a risk modeller, but also as a company that can help its clients achieve transformation through analytics and technology services.
Hemant Shah, CEO and co-founder of RMS, commented on the appointment; “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.”
Mike Pritula, president-designate of RMS, 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.”
Pritula joins the RMS Executive Committee, alongside CEO Hemant Shah; CFO Peter Eidelman; Mohsen Rahnama, chief risk modeling officer; Eric Yau, general manager of platform and software; and Michael Steel, global head of solutions.
As well as his year’s of experience working at McKinsey assisting insurance and reinsurance industry clients to adapt to changing market forces, Pritula also holds positions on the Boards of the School of Risk Management at St. John’s, the International Insurance Society and the Insurance Industry Charitable Foundation.