Catastrophe specialist sets sights on Australia

RMS has stepped up its presence in Asia-Pacific, as the risk management firms aims to fuel further growth in the area.

The firm has opened a Singapore office – joining existing presences in Delhi, Beijing and Tokyo – set to be headed by Senior Director of Client Development Paul Burgess.

In addition to opening the office, Senior Vice President Jason Futers says RMS is increasing its investment in product initiatives for the region.

“The Asia-Pacific market embodies what we want to do as an organisation because we are focused on tailoring our products to meet the needs of our clients,” he says.

“50-60% of catastrophe losses come from this region and there are such a range of perils and differences in data quality.”

Futers says RMS will be looking to expand its already-healthy client base in Sydney as well as increasing its presence in New Zealand and that brokers will be part of that strategy.

“We want to ensure that within our existing client base – and of course our growing client base – we are going deeper and broader and helping our clients have a more consistent view of risk across their entire operations.”

“Brokers want to be able to add value for their clients and that is where we believe we can help them.”