Business Continuity Management Roundtable

April 25, 2016

On April 18, the IRM Bermuda Chapter, the regional group of London-based Institute of Risk Management, hosted a Business Continuity Management Roundtable at the offices of Zurich, Bermuda.

The group will also hold a webinar on the topic of ‘Cyber and Data Security’ at Deloitte on May 5.

A spokesperson said, “The roundtable featured Bermuda’s National Disaster Coordinator, Inspector Steve Cosham, as the guest presenter and nineteen risk professionals including Chief Risk Officers and Chief Operating Officers from the finance and [re]insurance sectors in Bermuda.

“The interactive discussion started with an introduction by Mr. Cosham followed by very informative dialogue amongst the participants where different approaches to business continuity management were discussed.

“During Mr. Cosham’s introduction, he highlighted that the National Disaster Coordinator role was created after Bermuda was struck by consecutive Hurricanes Fay and Gonzalo in 2014. In addition to this role, Mr. Cosham also serves as National Events Planning Coordinator as well as EMO Coordinator.

“He highlighted the various National Plans that Bermuda is currently reviewing including hurricane, pandemics, oil spills, cruise ship incidents, air crashes and tsunami. Inspector Cosham conducted a National Tsunami exercise for the Bermuda Government earlier this month which was sponsored by the IRM.

“On the National Event Coordination side, he spoke of the America’s Cup taking place over a month’s period between end of May and June in 2017 and the period and the logistics of having various other sailing regattas taking place during the same period.

“Cosham spoke of the ever gaining popularity of Heroes Weekend and stressed it is something that must be considered closely as all services will be stretched to the max during this period.

“It is established that it is the hope and intention that the international business sector through the IRM Bermuda Chapter can use their expertise to assist Bermuda in these various national disaster efforts.

“IRM is an independent and not for profit leading body for professional risk management. It provides globally recognized qualifications and training, publishes research and guidance and sets professional standards. IRM members work in many roles, in all industries and across the public, private and not for profit sectors across the world. The IRM Bermuda Chapter was formed in 2011 and is currently chaired by QBE Equator Re’s CRO, Jonathan Groves.

“Inspired by a desire to tap into the growing risk field and a purpose to collaborate across industries and to enhance networking opportunities in Bermuda, the local chapter was formed. Many of the local members come from Bermuda’s insurance and finance community but the IRM welcomes students and members from many different sectors. The organization meets monthly to discuss various risk related issues and hosts regular webinars and roundtables throughout the year.

“The next event will be a webinar on Cyber and Data Security and the importance of understanding the constantly evolving risks as well as the practical tools and techniques available to address them. The webinar will be hosted at Deloitte on May 5th 2016, at 5:30pm.

“If you would like to attend or have an interest in joining, please send an email to jonathan.groves@bm.qbe.com.”

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