On the same day that he turned over the presidency of FERMA to Julia Graham, London-based broker MDS announced that “Jorge Luzzi has been appointed as Executive President of Herco Global, the risk management company and part of insurance broking group MDS. He will also be a member of the board of HighDome, a fully owned, protected cell captive company based in Malta.” MDS added that he would “play a strategic role in enterprise risk management at MDS, focusing on captive management and international operations.”
Since 2005 he has served as the Global Risk Management Director at Pirelli, having joined the Italian tire maker in 1988. “Luzzi studied in Italy and Switzerland and lives with his family in Brazil, Argentina, Switzerland and Italy,” MDS said.
Luzzi is an acknowledged expert in risk management and has been instrumental in promoting the profession. MDS said “his involvement with risk management associations started in Brazil where he chaired the Brazilian association ABGR as well as ALARYS in Latin America. At that time he was also President of IFRIMA, the International risk management association. He later joined the board of FERMA and served as its President from October 2011 until October 2013.”
Jose Manuel Fonseca, Group Chief Executive at MDS welcomed Luzzi to the company, noting that he is “a strategically driven professional who focuses on the role of risk management as an integral part of the corporate planning process, which is critical for us and for our contribution to the value creation process for our clients.
“Going forward, Jorge’s knowledge will help our clients to address the management of key strategic risks such as cyber liability, reputation, business interruption and supply chain in addition to the other enterprise risks that companies face on a global scale.”