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Business Interruption - A measure of stability.
(From Reinsurance)
Byline: Vic Wyman.
The key people in the reinsurer Converium are probably well aware that they are not indispensable; the company has identified immediate and future successors for their jobs and formed development plans for potential high-flyers. However, rather than trying to worry its employees, Converium has taken the approach as part of its overall operational risk plan to ensure that the business can withstand internal or external events that could affect its operations.
The company's other risk management initiatives in the wake of the 11
September 2001 terrorist attacks in the US include guidelines on ...
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