
Chubb head calls for more chief risk officers
O’Hare said risks related to IT and finance tend to be left to the heads of those departments but should be handled by a chief risk officer.
When asked by RiskNews how companies should split financial risk management responsibilities between the chief risk officer and the chief financial officer, O’Hare said non-financial corporations should have chief risk officers handling financial risk assessment that report to the chief executive. But O’Hare, who is appointing a chief risk officer at Chubb that will report to the chief financial officer, believes the latter set up probably works best for financial institutions.
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