Latest Risk Management Headlines
All the headlines from our Risk Management Topic Page, ordered by recency.
Aon Calls for Lower Premiums on Greener Business
Jun 17 2009 // In a recent speech to UK risk managers at the Association of Insurance and Risk Manager’s (AIRMIC) conference in Bournemouth, Andrew Tunnicliffe, COO of Aon Global Risk Consulting, called upon the insurance industry...
Bostonian Group Launches P/C Risk Management Practice
Jun 17 2009 // Massachusetts-based benefits firm The Bostonian Group has formed a property/casualty risk management practice group called Bostonian Solutions Property & Casualty. The firm said its risk management practice will...
Financial Crisis Teaches Risk Management, Modeling Lessons
Jun 12 2009 // The current financial crisis did not result from a failure of enterprise risk management (ERM), but a failure to implement ERM processes, according to actuaries. According to Parr Schoolman, senior vice president for Aon...
Den Dekker Elected FERMA President
Jun 12 2009 // Peter den Dekker, corporate insurance risk manager at Dutch multi-national Stork, has been elected President of the Federation of European Risk Management Associations (FERMA). He takes over from Marie-Gemma Dequae, whose...
Marsh Survey Finds Financial European Risk Management Budgets Stagnant
Jun 11 2009 // A survey, conducted by Marsh and the independent research group Ipsos, has concluded that almost all European financial institutions have reviewed their approach to risk since the onset of the global financial crisis,...
Northeast’s ProMutual to Buy Michigan Medical Liability Insurer FinCor
Jun 10 2009 // Massachusetts-based medical liability insurance company Medical Professional Mutual Insurance Co., known as ProMutual, will acquire medical liability insurer and risk management company FinCor and its...
Keystone Takes Stake in East Coast Risk Management
Jun 9 2009 // Keystone Insurers Group has purchased an equity interest in East Coast Risk Management as part of a deal that will provide the group’s franchised locations with an expanded suite of services. Northumberland,...
ACE Europe Finds Lack of Risk Manager Authority in Financial Crisis
Jun 8 2009 // “Financial institutions did not empower their risk management functions enough to curb the activities of risk takers which played a major role in the near collapse of the international financial system in...
People
Jun 1 2009 // TD Insurance Inc. has hired Linda Bogardus as an account manager in the Core Division of Commercial Lines. Bogardus, who is based in Burlington, Vermont, will oversee marketing and servicing large commercial insurance...
Marsh Names Kimber UK Chief Risk Officer
May 29 2009 // Marsh announced the appointment of Matt Kimber as its Chief Risk Officer in the UK. He joins Marsh from Lloyds Banking Group where he held a variety of executive, operational and risk management positions. “Most...
CCRIF Issues Briefing on Impact of Climate Change on Caribbean Economies
May 28 2009 // Against the background of the impending Atlantic Hurricane Season, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) has released a briefing document outlining the role of risk management in the region’s...
AIU’s New ReBuild Insurance Serves Large Public Works Projects
May 20 2009 // AIU Holdings has introduced ReBuild, a suite of insurance and risk management products for states and municipalities receiving federal stimulus monies from the American Recovery and Reinvestment Act of 2009 funds for use...
SEC Eyes Changes in Reporting of CEO Pay, Risk Management Practices
May 8 2009 // The Securities and Exchange Commission is considering changing a formula that critics say often allows public companies to low-ball in regulatory filings just how much top executives are paid. At issue is how companies...
RMS Performs Risk Analysis for Ibis Re Hurricane Cat Bond
May 7 2009 // Risk Management Solutions has completed the expert modeling analysis in connection with the securities offering undertaken by Ibis Re Ltd., a special purpose reinsurance company domiciled in the Cayman Islands. “The...
AIR Provides AXIS with Integrated Cat Model w/ Risk Management
May 6 2009 // AIR Worldwide announced that it has integrated catastrophe modeling with risk management and reinsurance underwriting systems for AXIS, a Bermuda-based global provider of specialty lines insurance and treaty...
Risk Managers Report ‘Soft Landing’ for Market Pricing
May 4 2009 // Insurance premiums for businesses continued to slide towards a “soft landing” rather than an abrupt reversal resulting in rate increases, according to risk managers. While banks and other financial institutions...
Aon Global Risk Analyzes Potential Impact of Swine Flu Outbreak
Apr 28 2009 // Aon has issued a bulletin analyzing the current outbreak of swine flu. Alex Hindson, head of enterprise risk management at Aon Global Risk Consulting, stated: “Health risks are unpredictable but given the possibility...
Risk Managers Report ‘Soft Landing’ for Market Pricing
Apr 21 2009 // Insurance premiums for businesses continued to slide towards a “soft landing” rather than an abrupt reversal resulting in rate increases, according to risk managers. While banks and other financial institutions...
AIR Reaches $10 Billion Cat Bond Modeling Milestone
Apr 7 2009 // Boston’s AIR Worldwide Corporation announced that it has provided risk modeling and analytical services for more than 10 billion dollars in insurance-linked securities since 1996 and over 56 percent of total...
People
Apr 6 2009 // Higginbotham & Associates, an independent insurance brokerage firm based in Ft. Worth, Texas, added employee benefits brokers John Collins, Dana Jones and Rob Marsh to its managing director team for 2009, in...
