RMS’s HWIND Acquisition Brings New Office In Tallahasee, Florida

RMS says that its new Florida office gives RMS better access to the public sector and commercial partners, as well as research specialists and graduates at the state’s universities.

(Robert M. Strozier Library at Florida State University, Tallahassee. Photo credit: WhisperToMe.)

Global catastrophe risk management firm RMS (Newark, Calif.) has opened a new office in Tallahassee, Florida following its acquisition of HWIND Scientific, a storm data provider, in October 2015.

Mark Powell, VP of Model Development, RMS.

Mark Powell, VP of Model Development, RMS.

The Tallahassee location is significant both for Florida’s role as a key region in the hurricane risk industry and for its role as the state’s capital city. RMS says that its new Florida office gives RMS better access to the public sector and commercial partners, as well as research specialists and graduates at the state’s universities.

“The establishment of an RMS office in Tallahassee makes RMS the only risk modeling organization with a physical presence in the state of Florida,” comments Mark Powell, founder of HWIND and VP of Model Development, RMS. “Accounting for over 14 percent of all U.S. insured catastrophe losses from 1985 to 2014, Florida has proven to be one of the most important marketplaces in the global hurricane risk and insurance industry. This new office provides RMS’ specialists with direct access to the key agencies that operate here, allowing the team to better serve our clients.”

Real-Time Analysis

Founded in April 2014, HWIND provides real-time analysis for hurricanes, post-event windfield reconstruction footprints and an archive of historical wind products for hurricanes in the Western North Atlantic, Eastern Pacific and Central Pacific Ocean.

RMS characterizes its acquisition of HWIND in October further strengthens the firm’s scientific research capabilities and creates opportunities for RMS to develop new hurricane solutions for clients. The new Florida office brings the RMS and HWIND teams together allowing them to increase efficiency through a secure and direct collaboration.

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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