Oric-ORX merger off

Alex Hindson at the Institute of Risk Management

The Operational Risk Consortium (Oric) has confirmed talks have been called off with the Operational Riskdata Exchange Association (ORX) regarding a possible merger. "It's definitely not happening," says Alex Hindson, the head of group risk at insurance group Amlin and a non-executive director at Oric. Industry sources blame "a lack of common ground" for the decision. "Initial discussions took place, but they never reached a point of having a common model," says one industry source close to t