The type, scope, and frequency of both internal and external risks facing companies today have increased significantly. To meet their objectives,, business leaders must now address new and different forms of business risks. New product initiatives, regulatory and legal changes, outsourcing, and globalization are only a few of the issues that can expose a company to new and more serious business and operational risks.

In the wake of corporate scandals, earnings surprises, and the loss of consumer confidence, companies are beginning to recognize the need to be more proactive in managing their risk profile. Companies who manage their risks at an enterprise level – as opposed to a siloed approach – are more confident in their ability to manage risk. By understanding all risks in an integrated framework, companies can execute proper strategies to successfully achieve their objectives and to meet their performance goals.

Mr. Von Widdern joined Marsh SA in October 2002 as Director – Marsh Alternative Risk Solutions (MARS). In this position he has established an integrated risk finance and risk control consultancy. Mr. Von Widdern is a member of the Marsh Global Risk Consulting group, which is actively engaged in the development of the global Marsh consultancy practices:

• Business Continuity Management
• Business Interruption / Claims Consulting
• Supply Chain Risk Management
• Business and Strategic Risk Analysis
• Quantitative and Financial Modeling
• ART Risk Finance Structure