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Risk International

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Risk International
Company typePrivate
IndustryManagement Consulting
Founded1986 Houston, Texas
FounderDel Jones
Headquarters
Fairlawn, Ohio
,
United States
Area served
Worldwide
Key people
Dave O’Brien(Chairman of the Board)[1] Michael Davis (CEO)[2]
Todd Miller (President)[3] Doug Talley (Executive Vice President and General Counsel)[4]
Kirk Walsh (Executive Vice President and COO)[5]
Number of employees
30+
Websitewww.riskinternational.com

Risk International, founded in 1986, is a risk management consulting firm.[6][7] It services clients in the areas of outsourced risk management, claims recovery, insurance archaeology, benefits advisement, loss prevention and mitigation.[6] Headquartered in Fairlawn, Ohio, the company also has offices in Charlotte, North Carolina,[8] Columbus, Ohio, London[9] and Ho Chi Minh City.[10]

Company Overview

In 2010 the firm received the Silver Circle Award for the Best Risk Management Consultant in Business Insurance’s 2010 Readers Choice Awards for the fourth consecutive year.[11] In 2011 the firm was ranked as the third largest independent U.S. risk management consultant by Business Insurance magazine.[12] This marked the fifth consecutive time that Risk International was recognized in the top five largest risk management consultants.

Also in 2010, Risk International was recognized as one of the fastest growing companies in Northeast Ohio as a member of the Weatherhead 100 presented by Case Western Reserve University’s Weatherhead School of Management with Ohio’s Council of Smaller Enterprises (COSE). The firm was #66 on the 2010 Weatherhead 100 list.[13][14]

History

Risk International’s parent company was formed in 1985 when Zapata Corporation, an offshore drilling and marine services company, spun off its risk management department.[15] Under the direction of Del R. Jones, Risk International was organized and gained its first client in 1986 when BFGoodrich, now Goodrich Corporation, outsourced its entire risk management department to Risk International.[16][17][18] Because of its roots in the petrochemical industry Risk International’s core competency was asset risk management and insurance claims resolution.[16] As Risk International continued to hire experienced legal and insurance industry executives, it expanded its capabilities to include insurance archaeology, loss prevention and enterprise risk management.[6] Throughout the 1990s Risk International developed expertise in long-tail claims resolution with Fortune 500 companies.[19] During that period Risk International also did extensive research related to Holocaust survivor insurance claims culminating in testimony before the U.S. House of Representatives and the New York State Senate.[20][21][22]

Risk International is headquartered in Fairlawn, Ohio where BFGoodrich, now Goodrich Corporation, maintained its worldwide headquarters.[19] Risk International opened another office in Charlotte, North Carolina to support the growth in that region of the US marketplace.[8] In 2002 Del R. Jones retired from the business and Douglas L. Talley was named chairman and CEO of Risk international.[4] After seven years, Michael D. Davis was named CEO while Talley retained his title of chairman.[2][23] Talley is now Executive Vice President and General Counsel as Dave O'Brien serves in his place as Chairman of the Board. In 2010 Risk International opened its first international office in London to expand its capabilities in the European marketplace.[7][9] Since then, Risk International has opened offices in Columbus, Ohio and Ho Chi Minh City.

Services

Risk International has five primary service offerings including:[6][24]

  • Risk Management Consulting[25]
  • Outsourced Risk Management for major corporations[26]
  • Insurance Archaeology, finding historical insurance policies[27]
  • Claim Recovery[28]
  • Claims Mitigation[29]
  • Site Security[30]
  • Benefits Advisory[31]

Awards and Rankings

2011

  • 3rd Largest Independent U.S. Risk Management Firm[12]
  • Best's Recommended Expert Service Provider[32]

2010

  • Business Insurance Readers Choice Silver Award[11]
  • 3rd Largest Independent U.S. Risk Management Firm[33][34]
  • Weatherhead 100 Recipient[13]

2009

  • Business Insurance Readers Choice Silver Award[35][36]
  • 3rd Largest Independent U.S. Risk Management Firm[37]

2008

  • Business Insurance Readers Choice Silver Award[38]
  • 5th Largest Independent U.S. Risk Management Firm[39]

2007

  • Business Insurance Readers Choice Second Runner-up[40]

2006

  • 3rd Largest Independent U.S. Risk Management Firm[41]

In the News

Holocaust and Kristallnacht Victims

In 1998 Risk International’s then Vice-President Douglas L. Talley provided expert testimony and evidence before the New York State Senate and evidence before the U.S. House of Representatives related to the discovery and examination of historical documents related to Holocaust victims insurance policies.[4][21] Based on this evidence, he asserted that the victims of the Holocaust were the target of a Nazi scheme to confiscate insurance benefits, and beginning with Kristallnacht, insurance companies conspired to deny claims to German Jews.[22][42] Upon conclusion of its investigations the United States Congress, New York Senate and other states passed legislation that paved the way for victims to recover monetary damages from still-existing companies and organizations.[43][44][45][46]

International Expansion

In March, 2010, Risk International announced the opening of its first international office in London.[9] The UK-based team will serve its European clients and pave the way for growth within the E.U. market.[47] Less than 18 months later, Risk International announced the opening of its second international office in Singapore.[10] At the same time it announced a new site security service offering.[48]

Further reading

  • Proof Emerges of Insurer-Nazi Complicity, Amy S. Friedman, June 1, 1998, National Underwriter[49]
  • Insurance Archaeologists , Gene Linn, April 16, 1998, The Journal of Commerce[50]
  • Archaeologists unearth coverage for past liabilities, Mark A. Hofman, June 9, 1997, Business Insurance[51]
  • Environmental research helps clients see green, April 24, 1997, The Journal of Commerce[52]

References

  1. ^ "Dave O'Brien".
  2. ^ a b "Michael Davis". Risk International. Retrieved 2010-09-15.
  3. ^ "Todd Miller".
  4. ^ a b c "Doug Talley".
  5. ^ "Kirk Walsh". Risk International. Retrieved 2010-09-15.
  6. ^ a b c d May 8, 1987, The Brownfields Report, Buried Treasure: Insurance Archaeology, Claims Recovery, Vol. 2 No. 9, p.1
  7. ^ a b March 29, 2010, Business Insurance, Risk International Services enters European Market, p. 17
  8. ^ a b Howard, J. Lee (1999-08-13). "REIT picks up 10 area buildings for portfolio". Charlotte Business Journal. Retrieved 2010-11-23.
  9. ^ a b c "Risk International Announces Expansion to Europe, Offering Risk Management Services Closer to Home for Clients with European Holdings". PR Web. 2010-03-16. Retrieved 2010-09-01.
  10. ^ a b "Risk International Opens Asia Office, Adds New Facility Risk Management Services". PR Web. 2011-07-19. Retrieved 2011-08-02.
  11. ^ a b "Risk International Awarded Silver Circle by Business Insurance". Risk International. 2010-12-02. Retrieved 2011-01-07.
  12. ^ a b "Largest Independent U.S. risk management consultant". Business Insurance. May 2011. Retrieved 2011-05-11.
  13. ^ a b "Risk International Named 'Fastest Growing Company' by Weatherhead 100". Risk International. 2010-12-07. Retrieved 2011-01-07.
  14. ^ "No. 66 – Risk International". Smart Business. 2010-12-08. Retrieved 2011-01-07.
  15. ^ February 6, 1998, Houston Business Journal, Insurance archeologists find billions in old policy limits: Environmental cleanups financed with forgotten insurance policy coverage, Vol. 27, No. 38, p. 27A.
  16. ^ a b Pybus, Kenneth R. (1996-06-14). "Marine Casualty Services moves back to Houston". Houston Business Journal. Retrieved 2010-09-01.
  17. ^ Elizabeth Kirschner, June 9, 1997, Chemical and Engineering News, Digging for Environmental Insurance, Vol. 75, p. 18
  18. ^ Lynn J. Cook, February 6, 1998, Houston Business Journal, Insurance archeologists find billions in old policy limits: Environmental cleanups financed with forgotten insurance policy coverage, Vol. 27, No. 38, p. 27A.
  19. ^ a b Tom Vander Neut, August, 1997, Risk & Insurance, Out of the Past.
  20. ^ Turner, Missy (2000-05-05). "Compelling Claims". Houston Business Journal. Retrieved 2010-09-01.
  21. ^ a b "Archives Yield Aid for Claims on Holocaust: Insurance is linked to Funds for Nazis". New York Times. 1998-01-011. Retrieved 2010-09-03. {{cite news}}: Check date values in: |date= (help)
  22. ^ a b Wren, Christopher S. (1998-05-18). "Documents Indicate German Insurers Stole From Jews". New York Times. Retrieved 2010-09-03.
  23. ^ "Risk International Announces New President and CEO". Risk International. 2009-11-0216. Retrieved 2010-09-01. {{cite web}}: Check date values in: |date= (help)
  24. ^ "services". Risk International. Retrieved 2010-09-14.
  25. ^ "Risk management". Risk International. Retrieved 2010-09-14.
  26. ^ "Outsourced risk management". Risk International. Retrieved 2010-09-14.
  27. ^ "Insurance archaeology". Risk International. Retrieved 2010-09-14.
  28. ^ "Claims recovery". Risk International. Retrieved 2010-09-14.
  29. ^ "Claims mitigation". Risk International. Retrieved 2010-09-14.
  30. ^ "New Service Offering". Risk International. Retrieved 2011-08-02.
  31. ^ "Benefits Advisory - Risk International". Retrieved 2016-06-29.
  32. ^ December 20, 2010, Business Insurance, Largest Independent U.S. Risk Management Consultants, p.24
  33. ^ October 18, 2010, Business Insurance, Largest Independent U.S. Risk Management Consultants, p.12
  34. ^ "Risk International Again Receives Prestigious Industry Award". Risk International. 2009-11-16. Retrieved 2010-09-07.
  35. ^ November 16, 2009, Business Insurance, Readers Choice Awards 2009
  36. ^ September 21, 2009, Business Insurance, Largest Independent U.S. risk management consultants, p.12
  37. ^ "RMI Ascends on Teamwork". Business Insurance. 2008-08-17. Retrieved 2010-09-04.
  38. ^ "Largest Independent U.S. risk management consultant". Business Insurance. November 2008. Retrieved 2010-09-04.
  39. ^ "RMI wins top pick by acting as risk manager for clients". Business Insurance. 2007. Retrieved 2010-09-04.
  40. ^ "Largest Independent U.S. risk management consultants". Business Insurance. 2006-12-03. Retrieved 2010-09-04.
  41. ^ "Holocaust-Era Insurance Claims: Background and Issues". Jewish Virtual Library. 1999-11-24. Retrieved 2010-09-01.
  42. ^ "William J. Clinton, Statement on Signing of Holocaust Victims Redress Act". White House. 1998-02-13. Retrieved 2010-09-03.
  43. ^ "Article 27, Holocaust Victims Insurance Act of 1998". NY State Senate. 1998-06-15. Retrieved 2010-09-03.
  44. ^ "Circular Letter No. 17 State of New York Insurance Department, Regarding Holocaust Insurance Act of 1998". NY State Department of Insurance. 1998-07-23. Retrieved 2010-09-01.
  45. ^ "Federal and State Laws Regarding Holocaust Restitution". University of North Texas. 2010-09-01. Retrieved 2010-09-01.
  46. ^ "RI Opens European Office". Risk International. 2010-03-16. Retrieved 2010-09-01.
  47. ^ "Market Movers". Business Insurance. 2011-07-31. Retrieved 2011-08-02.
  48. ^ "Proof Emerges of Insurer-Nazi Complicity". National Underwriter. Retrieved 2010-09-24.
  49. ^ "Insurance Archaeologists". The Journal of Commerce. Retrieved 2010-09-24.
  50. ^ "Archaeologists unearth coverage for past liabilities". Business Insurance. Retrieved 2010-09-24.
  51. ^ "Environmental research helps clients see green". The Journal of Commerce. Retrieved 2010-09-24.
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