Risk International

Company Overview

In 2010 the firm received the Silver Circle Award for the Best Risk Management Consultant in Business Insurance’s 2010 Readers Choice Awards for the fourth consecutive year. In 2011 the firm was ranked as the third largest independent U.S. risk management consultant by Business Insurance magazine. This marked the fifth consecutive time that Risk International was recognized in the top five largest risk management consultants.

Also in 2010, Risk International was recognized as one of the fastest growing companies in Northeast Ohio as a member of the Weatherhead 100 presented by Case Western Reserve University’s Weatherhead School of Management with Ohio’s Council of Smaller Enterprises (COSE). The firm was #66 on the 2010 Weatherhead 100 list.

History

Risk International’s parent company was formed in 1985 when Zapata Corporation, an offshore drilling and marine services company, spun off its risk management department. Under the direction of Del R. Jones, Risk International was organized and gained its first client in 1986 when BFGoodrich, now Goodrich Corporation, outsourced its entire risk management department to Risk International. Because of its roots in the petrochemical industry Risk International’s core competency was asset risk management and insurance claims resolution. As Risk International continued to hire experienced legal and insurance industry executives, it expanded its capabilities to include insurance archaeology, loss prevention and enterprise risk management. Throughout the 1990s Risk International developed expertise in long-tail claims resolution with Fortune 500 companies. During that period Risk International also did extensive research related to Holocaust survivor insurance claims culminating in testimony before the U.S. House of Representatives and the New York State Senate.

Risk International is headquartered in Fairlawn, Ohio where BFGoodrich, now Goodrich Corporation, maintained its worldwide headquarters. Risk International opened another office in Charlotte, North Carolina to support the growth in that region of the US marketplace. In 2002 Del R. Jones retired from the business and Douglas L. Talley was named chairman and CEO of Risk international. After seven years, Michael D. Davis was named CEO while Talley retained his title of chairman. Talley is now Executive Vice President and General Counsel as Dave O'Brien serves in his place as Chairman of the Board. In 2010 Risk International opened its first international office in London to expand its capabilities in the European marketplace. Since then, Risk International has opened offices in Columbus, Ohio and Ho Chi Minh City.

Services

Risk International has five primary service offerings including:

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Holocaust and Kristallnacht Victims

In 1998 Risk International’s then Vice-President Douglas L. Talley provided expert testimony and evidence before the New York State Senate and evidence before the U.S. House of Representatives related to the discovery and examination of historical documents related to Holocaust victims insurance policies. Based on this evidence, he asserted that the victims of the Holocaust were the target of a Nazi scheme to confiscate insurance benefits, and beginning with Kristallnacht, insurance companies conspired to deny claims to German Jews. Upon conclusion of its investigations the United States Congress, New York Senate and other states passed legislation that paved the way for victims to recover monetary damages from still-existing companies and organizations.

International Expansion

In March, 2010, Risk International announced the opening of its first international office in London. The UK-based team will serve its European clients and pave the way for growth within the E.U. market. Less than 18 months later, Risk International announced the opening of its second international office in Singapore. At the same time it announced a new site security service offering.