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The Federation of European Risk Management Associations (FERMA) and Commercial Risk Europe has announced the sixth Excellence in Risk Management Awards winners. The awards were presented at a ceremony in London on November 22.

The President of FERMA Dirk Wegener said: “During the pandemic, Boards and senior management acknowledged the importance of risk management in managing crises and maintaining resilience. Today we are looking at something more like business as usual, but with the imperative to transition to a green and digital world. These awards help us maintain awareness of the value that risk managers give their organisations in meeting the expectations they face and taking advantage of the opportunities that these changes create.”

Meet the winners of:


Risk Manager of the Year: Maurizio Micale
Maurizio is Group Vice President Corporate Insurance Risk Management
STMicroelectronics, Switzerland

A mechanical engineer by background, Maurizio has more than 30 years of professional experience in risk and insurance management. He has been serving STMicroelectronics as Group Vice President of Corporate Insurance Risk Management since 2000. Through his work, Maurizio has ensured that awareness of risk management and the contribution of risk management are embedded from the top to the bottom of his organization.

Rising Star of the Year: Aston-J Spreddie

Aston-J is Head of Operational Risk

Vitality UKAston-J worked in IT in various industries before joining Vitality as an IT risk business partner 4 years ago. He has translated his knowledge into support for the development of risk management frameworks. At Vitality, he created a new, emerging risk framework that balances external risk research and contributing factors alongside internal business impact.

Innovative Insurance Programme of the Year: Gitte Kristiansen
Gitte is Global Head of Pensions & Insurance
ISS World Services, Denmark

Through her highly innovative approach of analysing data and breaking down silos, Gitte developed a collaborative programme that enabled ISS to better understand relationships between insurance costs, the underlying drivers in claims and handling of claims, and correlated this to sick leave. This programme revealed a world of hidden costs not many companies are yet focusing on. Her initiative has great potential for other organisations.

Business Continuity Programme of the Year: Mykhailo Rushkovskyi

Mykhailo is Head of Risk Management, DTEK, UkraineThere are few risk managers around the world who have had to take emergency action whilst their country is under the threat of invasion. Mykhailo undertook war risk assessments using a variety of intelligence and information from social media, traditional media and internal data to develop a map of his organisation’s vulnerabilities and develop scenarios with the business. He ran quantitative analytics to better understand how war would affect the organisation and what solutions were possible. He also used quantitative analysis to make better insurance decisions.

Outstanding Contribution to Risk Management: The Crossrail Elizabeth Line/TFL Risk Management Team

This award is for a team for a particular initiative that the judges believe has made an outstanding, significant and long-lasting contribution to the risk and insurance management community.
The risk management team for the new London Underground Crossrail Elizabeth Line have set a new best practice standard in risk management for complex underground works. In doing so, they have delivered an impressive new rail system also capturing and leaving a legacy of risk management expertise.


Training and Education Programme of the Year: Zurich Commercial Insurance Customer and Broker Webinar Series

Congratulations to all the winner and finalists of this edition.

See you next year!

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