The insurance risk business of Daily Mail and General Trust plc (DMGT) has a new chief executive.
Karen White (pictured), who began her career in Silicon Valley in 1993 as a senior executive at Oracle, is replacing Hemant Shah at the helm of catastrophe risk modelling and analytics firm RMS.
Aside from Oracle, where she spent seven years reporting directly to the CEO, White also served in senior roles at SolarWinds, Syncplicity, and Addepar. With over 25 years of experience as an executive and investor, she has brought together technology, innovation, data, and operations in building and scaling businesses.
“The market for risk analysis, prediction, and management is evolving and dynamic,” noted White. “This is an exciting and important time for RMS. Recent catastrophes have shown that RMS solutions are more important than ever.
“We have the deepest bench of top talent in the industry, and a breadth of products, innovations, and customer relationships that is unmatched. I’m thrilled to be joining this world-class team as we continue to innovate, grow, and help lead the next wave of transformation.”
With more than 400 insurers, reinsurers, trading companies, and other financial institutions as clients, RMS has over US$300 million in revenues.
“This is the perfect time to appoint Karen White, a highly-respected and seasoned Silicon Valley executive, as the chief executive officer of RMS,” commented Paul Zwillenberg, CEO of RMS parent company DMGT. “As digitisation transforms the market for risk analysis, prediction, and management, RMS is uniquely positioned to advance its leadership in the space and enter new markets. Karen has a proven track record of adapting companies to market changes to drive growth and operational effectiveness at scale.
“I would also like to thank Hemant Shah, a pioneer in the industry, for his vision and dedication, growing RMS into a global leader since co-founding the company nearly 30 years ago.”
