BWise, a global leader for governance, risk and compliance (GRC) software solutions and Tauw Group, engineers and consultants specializing in the improvement and management of the natural environment, built-up environment and infrastructure, announced today their partnership to bring joint services to the market. By joining forces, Tauw Group and BWise can help organizations realize better [...]

In response to the New Era of Risk Management(TM) in which global businesses are currently operating, OpenPages, the leading provider of integrated risk management solutions for global companies, today unveiled ten best practices to help companies appropriately prepare for a new era of risk and regulatory oversight.
– Following the release of the bank stress test [...]

The nation’s fourth-largest privately held insurance firm, Keystone Insurers Group (KIG), has purchased an equity interest in East Coast Risk Management, LLC (ECRM), specialists in risk management services. The transaction, recently completed, will provide KIG-franchised locations with an expanded suite of services.
ECRM is headquartered in North Huntington, Pa. The firm will offer – exclusively to [...]

The recent financial market meltdown has highlighted the importance of risk management in protecting and creating shareholder value. Executives are under pressure to improve their risk management capabilities and to be responsive to additional regulatory oversight. At the same time, the economic climate dictates that companies must squeeze out additional efficiencies across their business. To [...]

Allied World Assurance Company (U.S.) Inc., a member company of Allied World Assurance Company Holdings, announced that Tom Rocca, Assistant Vice President, General Casualty, Brokerage, will be participating in a panel at the American Public Transportation Association (APTA) Risk Management Seminar to be held on June 7-10, 2009 in San Jose, California. The panel, taking [...]

KPD, the Oregon based insurance and risk management company, announced they have merged with Portland insurance agency Jones Kendall Sauer. The insurance office will be located at One Lincoln Center near Washington Square.
“We are excited about the merger,” said Jim Ginger, President of KPD Insurance. “Jones Kendall Sauer has been providing professional personal and commercial [...]

AIG Risk Management® (AIGRM), a unit of AIG Commercial Insurance, announced its AIGRMGreenSM product line, a component of AIG Real Estate Solutions. The primary casualty coverage for property owners and managers of green buildings consists of two coverages, AIGRMGreen Reputation CoverageSM and AIGRMGreen Indoor Environment CoverageSM.
AIGRMGreen Reputation Coverage provides up to $50,000 in coverage, per [...]

A.M. Best Co. has placed the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of “a-” of the Risk Management Association of the Residential Construction Employers Council (RCEC) (Illinois) under review with negative implications.
Following initial receipt of notification of the change in service administrators to Assurance Agency, Ltd. (Assurance) from Walker [...]

Wells Fargo Insurance Services, Inc. – America’s largest bank-owned insurance brokerage and a subsidiary of Wells Fargo & Company announced today that it has acquired the assets of Troy, Michigan’s Doeren Mayhew Risk Management, LLC.
Doeren Mayhew Risk Management, LLC. provides insurance and risk management services in the areas of property and casualty, worker’s compensation, professional [...]

The Risk and Insurance Management Society (RIMS) and LogicManager released RIMS State of ERM Report 2008. The report–the first truly in-depth study on ERM practices — unequivocally substantiates the value of ERM for organizations of all types. It also indicates that companies that have greater risk management and ERM maturity levels enjoy higher credit ratings. [...]