Message-ID: <33093209.1075863412838.JavaMail.evans@thyme> Date: Fri, 26 Oct 2001 09:32:40 -0700 (PDT) From: erisk@email.erisks.com To: vkamins@enron.com Subject: ERisk Essentials Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit X-From: ERisk @ENRON X-To: vkamins@enron.com X-cc: X-bcc: X-Folder: \VKAMINS (Non-Privileged)\Kaminski, Vince J\Deleted Items X-Origin: Kaminski-V X-FileName: VKAMINS (Non-Privileged).pst [IMAGE] www.erisk.com What's New at ERisk.com - 26 October 2001 Weekly Review In this week's round-up of economic, banking and P?insurance news from an enterprise risk management perspective: US markets rise above gloomy economic data; European bank investors nervously await results; Merrill goes back to the drawing board; Swiss Re goes on the offensive over WTC payout; Lloyd's of London confirms massive exposure to US terror claims. Analysis The financial implications of the events of September 11 are still being digested by the P?insurance industry. One possible consequence could be a greater focus on enterprise risk management (ERM), which would allow insurers and reinsurers to take a more holistic view of their exposures. But, as we discover in this week's analysis, the experience of the industry to date suggests that ERM is still not widely practised, and many obstacles to its implementation remain. Feature Business risks that were once thought unavoidable and unmeasurable are slowly becoming "manageable" using the tools of risk transfer. One result of this is that some senior risk managers are moving beyond their traditional role as watchdogs to contribute to strategic decision making in a variety of businesses. In this feature , which complements our Business Risk Jigsaw , ERisk editor-in-chief Sumit Paul-Choudhury asks whether strategic risk management will be redefined by developments such as alternative risk transfer, weather derivatives and real options analysis. Viewpoint FleetBoston entered the upper echelons of the US banking sector when Fleet Bank and BankBoston merged in 1999. In our latest CRO Profile , we talk to Paul Hogan, chief risk officer at the $200 billion-asset company, about FleetBoston's risk management initiatives, the challenge of managing credit risk in a slowing economy and the changing role of the risk manager. Job Listings A number of new positions are currently being advertised in our Job Listings section. These include vacancies for a senior risk management analyst, a director of operational risk and a head of credit risk. Whether you are recruiting to fill a risk management post or looking for a new position yourself, ERisk's job listings page is rapidly becoming one of the industry's premier resources. Nearly 17,000 risk professionals receive this email every week. To find out how your message could reach them, mail us at info@erisk.com ____________________________________ The ERisk Essentials is published every Friday by ERisk.com . To subscribe to this newsletter, please register on our website. To unsubscribe, access your account . Your username is the email address where you received this message. To be reminded of your password, or to reset it, follow this link . [IMAGE]