Risk Nason, one of the members of Riskczar’s Secret League of Extraordinary Risk Gentlemen, asks his readers if they could snap their fingers and switch places with anyone in the world, who would it be. Similarly, he asks if you…
Reputation risk and ERM
Have a read at this article in CFO.com about reputation risk. I always remind readers that reputation risk is a second order risk caused by some other event or risk. Think about Toyota: their reputation was harmed by the recent…
CFOs and risk management are just friends
According to a study based on conversations with almost 2000 global CFOs (that includes 17 of the DJIA companies), they love risk management. (Well maybe “love” is a strong word; maybe saying CFOs and risk management are “friends” is better.)…
Rating improved because of ERM
According to Insurance Networking News, A.M. Best Co. revised its outlook for BNY Trade Insurance Ltd to positive from stable because of “strong capitalization, consistently positive operating results, conservative operating strategy and robust enterprise risk management (ERM) framework as it…