9 October 2008
European Risk Managers Welcome European Parliament Vote on Captives
The Federation of European Risk Management Associations (FERMA) welcomes the vote by the European Parliament on 7 October 2008 to agree the vast majority of the special amendments regarding the special status of captive insurance and reinsurance companies under the Solvency II Directive for the prudential regulation of insurance. Click here

6 October 2008
Federation of European Risk Management Associations (FERMA) Changes Governance, Elects New Board
The Federation of European Risk Management Associations (FERMA) has elected its first board of directors under streamlined new arrangements agreed by its General Assembly. Because FERMA now has 17 member associations across Europe from Portugal to the Czech Republic, its General Assembly, on which all the associations are represented, decided to create an executive board with directors elected on the basis of their ability to serve the organisation on a European basis. Click here

1st October 2008
Rules and Controls not enough to prevent Financial Crisis, say European Risk Managers
Rules and controls have diverted attention away from true risk management and helped created the conditions for the current crisis in financial markets. A broad, enterprise wide system of risk management would have been far more likely to prevent the collapse in credit which is now affecting all businesses, leading members of the Federation of European Risk Management Associations (FERMA) said today (Wednesday) at their seminar in Brussels. Click here

1st October 2008
European Risk Managers welcome Developments on Captive Regulation
The Federation of European Risk Management Associations (FERMA) has welcomed the assurances from the European Commission that future regulation of captive insurance companies will reflect the nature and scale of the risks they take. Click here

1st October 2008
Risk Management Maturing and Diversifying across Europe, Major Survey finds
Risk management is developing and maturing across Europe, according to the results of a pan-European survey released today (Wednesday) by the Federation of European Risk Management Associations (FERMA) at its biennial seminar in Brussels. This is the fourth such benchmarking survey conducted by FERMA in collaboration with AXA Corporate Solutions and Ernst &Young, and it shows both an overall increase in maturity and a wide diversity in risk management practices among respondents across Europe. Click here