FERMA News

FERMA Forms Task Force to Find Solution for Non-Damage BI Cover – Such as Pandemic

The Federation of European Risk Management Associations (FERMA) announced the launch of a task force to create proposals to address the issue of business interruption coverage for catastrophic risks. “Our aim is to support the creation of economies that are …

European Risk Mgmt Group FERMA Supports National Backstops for Future Pandemics

The Federation of European Risk Management Associations (FERMA) support the development of government backstops to increase financial resilience against future pandemic risks – similar to what already exists in many countries for terrorism and natural catastrophes. While many European businesses …

Wegener to Succeed Willaert as President of FERMA

The Federation of European Risk Management Associations (FERMA) has chosen as its next President Dirk Wegener, global head of Corporate Insurance for Deutsche Bank Group and a member of the German risk management association GVNW. Wegener, who is currently deputy …

5 Risk Management Associations to Develop Mutual Recognition of Certifications

Five of the world’s largest risk management associations have agreed to work together towards a recognition of their respective risk management designations/certification programs. The organizations, ALARYS (Latin America), FERMA (Europe), IRMSA (South Africa), PARIMA (Asia) and RIMS (North America), signed …

New FERMA President to Focus on Success of Professional Certification Program

The new president of the Federation of European Risk Management Associations (FERMA), Jo Willaert, says the success of FERMA’s new professional certification program, rimap, is a principal objective of his two-year term in office. Certification, or rimap, is a major …

FERMA Launches 1st Professional Certification for European Risk Managers

The Federation of European Risk Management Associations (FERMA) has formally launched its program of European Certification for professional risk managers. It is the first such designation and is designed to reinforce the standing of the profession in Europe, FERMA said. …

FERMA Opposes EU Fund for Industrial Accident Environmental Liabilities, Losses

The Federation of European Risk Management Associations [FERMA), which represents risk managers in 20 European countries, has told the European Commission that it is opposed to the creation of a fund to cover environmental liability and losses resulting from industrial …

Risk Managers’ Top 3 Concerns: Interest Rates, Currency Markets, Regulations

Interest rates, volatile currency markets and changing regulations are the top three things keeping risk managers from their sleep. Those are the conclusions summarized in an article on the Lloyd’s web site that revues the findings of the “The Risk …

Belgian Gov’t. Names Former FERMA President Dequae to Dexia Board

The Government of Belgium has appointed Marie Gemma Dequae, currently a scientific advisor to the Federation of European Risk Management Associations (FERMA) and a past president of the federation, as an independent director of Dexia Bank Belgium and its subsidiary …

FERMA Confirms Risk Managers’ Concerns with Supply Chain Insurance

“Commercial insurance buyers generally want better insurance products to cover their supply chain risks,” according to a recent survey conducted by the Federation of European Risk Management Associations (FERMA). “Only 14 percent of the risk managers who responded to the …