the changing role of the risk manager - advisen ltd. the changing role of the risk manager • paper...

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The Changing Role of the Risk Manager September 2013

Sponsored by:

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About Advisen

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Advisen Ltd. is a privately-owned, independent and unbiased provider of news, data and risk analytics to the commercial insurance industry.

Advisen’s mission is to deliver productivity and insight to insurance professionals. Advisen brings greater success though technology and data, revolutionizing the way the commercial insurance industry functions. Our customers leverage the Advisen platform, adding power to their proprietary ability and bringing value to their clients.

Please locate us on: www.advisen.com

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Many Thanks to Our Sponsor!

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The ACE Group is one of the world’s largest multiline property and

casualty insurers. With operations in 53 countries, ACE provides

commercial and personal property and casualty insurance, personal

accident and supplemental health insurance, reinsurance and life

insurance to a diverse group of clients. ACE Limited, the parent

company of the ACE Group, is listed on the New York Stock Exchange

(NYSE: ACE) and is a component of the S&P 500 index. ACE USA

provides more than 170 innovative and sophisticated property, casualty

and accident and health products, ranging from simple, automated

solutions to complex multinational coverages.

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The Changing Role of the Risk Manager

http://corner.advisen.com

• Paper titled “The Changing Role of the Risk Manager”

• Copy of these Slides

• Recording of today’s webinar

http://corner.advisen.com/

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Today’s Moderator

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David Bradford

President, Research & Editorial Group

Advisen Ltd.

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Today’s Panelists

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John Alfieri

Regional Executive Officer for NY Region & President of Global Client Executive Practice

ACE Group

Stacey Regan

Deputy Treasurer

GE

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Today’s Panelists

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Carol Fox

Director, Strategic and Enterprise Risk Practice

RIMS

Timothy Bunt

Senior Vice President & Chief Risk Officer

CBRE

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John J. Alfieri is President of ACE Global Client Executive Practice as well as Senior Vice President and Regional Executive Officer of ACE USA, New York Region. He is responsible for setting and driving the overall strategic direction for the Region and overall operating results which includes client, distribution, and staff management and regional production plans. The Region comprises approximately 200 employees offering over 250 products and services through 25 underwriting groups. John has 32 years experience in risk management and insurance with national and global accounts, 25 years with global insurance companies, 6 years in the risk management group of a Fortune 10 company and 1 year for a global broker.

Today’s Panelist John Alfieri


ACE Group

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Stacey Regan is Deputy Treasurer for the General Electric Company, reporting to the Company’s Chief Risk Officer. In this role, Stacey has global responsibility for managing GE’s insurable property and liability risks working with GE’s ERM organization on general risk matters. Prior to serving in this capacity, she was Risk Manager for GE Capital, a subsidiary of General Electric. Prior to joining GE in 1997, Stacey was Risk Manager at Becton Dickinson in Franklin Lakes, NJ and, prior to that, an Analyst in the Risk Management department of American Brands, Inc. in Greenwich, CT. Stacey serves on the Advisory Boards of three global insurers, a global brokerage firm and a Risk Management group. In 2004, Stacey was the recipient of the Alexander Hamilton Award for Excellence in Insurance and was named in Treasury and Risk Management magazine as one of “40 Under 40 The Next Generation of Business Leaders”.

Today’s Panelist Stacey Regan

Deputy Treasurer

GE

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Carol Fox is Director of Strategic and Enterprise Risk Practice for RIMS, a global not-for-profit association dedicated to advancing risk management for organizational success. Prior to joining RIMS in 2010, Ms. Fox was senior director of risk management at Convergys Corporation, a publically traded, global relationship management company. A graduate of Miami University (Ohio), she serves on the advisory board for its Center for Business Excellence. Ms. Fox also holds the Associate in Risk Management (ARM) designation from The Institutes. She has authored and contributed to numerous published articles and whitepapers on a variety of risk management topics and currently serves as vice chair on the U.S. Technical Advisory Group for the international ISO 31000 risk management standard implementation project. In 2009, RIMS presented Ms. Fox with its most prestigious recognition, the Harry and Dorothy Goodell Award, for her contributions to risk management. Treasury & Risk named her as one of its 2011 100 Most Influential People in Finance.

Today’s Panelist Carol Fox


RIMS

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Mr. Timothy Bunt is the Senior Vice President & Chief Risk Officer of CBRE, Inc. He is responsible for the coordination and execution of the Global Risk Management programs including, Insurance, Health, Safety, Security, Environmental, Business Continuity Management and Enterprise Risk Management functions for the company. Prior to joining CBRE, Mr. Bunt was Assistant Treasurer of Tosco Corporation responsible for risk management and insurance of the global operations. Also, he was a Risk Officer and head of Risk Financing for Prudential Financial. Previous to that, he worked at Texaco and Heddington Insurance Limited both in the United States and Bermuda.

Today’s Panelist Timothy Bunt


CBRE

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John Alfieri Regional Executive Officer, NY Region & President of Global Client Executive Practice ACE Group

Stacey Regan Deputy Treasurer GE

Carol Fox Director, Strategic and Enterprise Risk Practice RIMS

David Bradford President Research & Editorial Group Advisen Ltd.

What is the state of ERM adoption in American companies?

Timothy Bunt Senior Vice President & Chief Risk Officer CBRE

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Typically, what is the nature of the relationship between the corporate risk management department and the Chief Risk Officer?


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A growing number of companies view risk management as an important strategic consideration and a potential source of competitive advantage. How has this perspective

affected the roles and responsibilities of risk managers?


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What are the risk manager’s responsibilities as concerns educating and informing the board of directors?


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How are risk managers responding to emerging risks, and in what ways do emerging risks reshape the risk manager’s role?


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If TRIA is not renewed, what will be the impact on the roles and responsibilities of risk managers?


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What are some the challenges of managing risk in a global business environment and how are they affecting the role and responsibilities of risk managers?


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How are insurers responding to the increasing complexity of the risk manager’s role?


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What new skills do risk managers need to master to stay ahead of the curve in a rapidly changing environment?


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Do you think that the job description and qualifications for risk managers will change materially in the coming years?


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Many Thanks to Our Sponsor!

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The ACE Group is one of the world’s largest multiline property and

casualty insurers. With operations in 53 countries, ACE provides

commercial and personal property and casualty insurance, personal

accident and supplemental health insurance, reinsurance and life

insurance to a diverse group of clients. ACE Limited, the parent

company of the ACE Group, is listed on the New York Stock Exchange

(NYSE: ACE) and is a component of the S&P 500 index. ACE USA

provides more than 170 innovative and sophisticated property, casualty

and accident and health products, ranging from simple, automated

solutions to complex multinational coverages.

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Many Thanks to our Panelists!

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John Alfieri


ACE Group

Stacey Regan

Deputy Treasurer

GE

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Many Thanks to our Panelists!

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Carol Fox


RIMS

Timothy Bunt


CBRE

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The Changing Role of the Risk Manager

http://corner.advisen.com

• Paper titled “The Changing Role of the Risk Manager”

• Copy of these Slides

• Recording of today’s webinar

http://corner.advisen.com/

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Upcoming Advisen Webinars

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Visit http://corner.advisen.com/advisen_webinars.html for the 2013 Webinar Schedule

Insurance Program Benchmarking / Next Generation

Thursday, September 19, 2013 at 11am EDT

https://www1.gotomeeting.com/register/611418777

http://corner.advisen.com/advisen_webinars.html



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Upcoming Advisen Conferences

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Visit http://corner.advisen.com/advisen_conference.html for the 2013 Webinar Schedule

Tuesday, November 12, 8:00 AM GMT

http://events.Signup4.com/AdvisenEuropeanDO2013

Wednesday, September 25 in New York City

http://events.Signup4.com/AdvisenMgmtLiability2013

http://corner.advisen.com/advisen_conference.html

http://events.signup4.com/AdvisenEuropeanDO2013

http://events.signup4.com/AdvisenEuropeanDO2013

http://events.signup4.com/AdvisenMgmtLiability2013

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the changing role of the risk manager - advisen ltd. the changing role of the risk manager • paper...

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