Lloyd's ERM program proves successful: buy-in of top executives critical, head of markers risk management initiative says.(Corporate insurance: buyers report) From: National Underwriter Property & Casualty-Risk &Benefits Management | Date: December 13, 2004| Author: McDonald, Caroline | COPYRIGHT 2004 The National Underwriter Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

SEVERAL CRITICAL ELEMENTS need to be in place when installing a successful enterprise risk management program, including buy-in of the chief executive officer and the board, an expert from Lloyd's of London contends.

"The cultural shift will not take place unless the CEO is a champion of risk management," Steve Manning, head of risk management for Lloyd's, said at the recent 16th annual Executive Conference for the Property-Casualty Industry in New York, sponsored by St...