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KPMG: Risk Management Tops Audit Committee Agendas (SmartPros Accounting)

July 3, 2008 (SmartPros) Only 28 percent of audit committee members are "very satisfied" they understand the process that management uses to identify and assess significant business risks, and only 21 percent are "very satisfied" with the risk reports they receive from management, says a survey from KPMG and the National Association of Corporate Directors.

UK's Barbican Group to Use AIR's Cat Risk Management Systems (Insurance Journal)

Boston-based AIR Worldwide Corporation (AIR) announced that Barbican Insurance Group has licensed its catastrophe risk management systems. Barbican trades as Lloyd's Syndicate 1955 and writes a broad

03-07-2008: AmBank group acquires Basell II operational risk management system (The Edge Daily)

KUALA LUMPUR: AmBank group has appointed LIST S.p.A, Italy as its operational risk management solutions partner for the group in preparation for compliance with more advanced approach of operational risk management under Basel II and Bank Negara Malaysia requirements.

Aon Risk Services Adds Real Estate Industry Vet Laura Novak, Expands Real Estate Risk Management Services (PR Newswire via Yahoo! Finance)

Aon Risk Services, the retail brokerage and risk management unit of Aon Corporation , has expanded its suite of services to clients in the real estate sector through the addition of Laura Novak to the firm's Washington office as an originator.

Banks must rethink risk management: Execs (Business Insurance)

LONDON (Reuters)—Banks need to rethink ways of managing risk, replace outdated technologies in the area and give the traditionally lowly risk manager a higher profile, a panel of financial professionals said this week.