The risk management associations of Malta (MARM) and Slovenia (SI.RISK) have been accepted as the latest members of the Federation of European Risk Management Associations (FERMA). They bring to a total of 19 the number of countries whose risk managers are represented in FERMA.

Peter den Dekker, the President of FERMA, said: “I am thrilled to welcome these new members to FERMA. Their enthusiasm shows the recognition of FERMA as the voice for the European risk manager and demonstrates the growing development and professionalism of risk management across Europe.”

The Maltese Association of Risk Management (MARM)The Maltese Association of Risk Management (MARM)

The enthusiasm of the members of the founding council of the Maltese Association of Risk Management has enabled them to build a new organisation to promote the knowledge and use of risk management within the private and public sectors in the Maltese Islands.

The President of MARM, John Schembri, comments, “Malta is possibly the smallest European state with an effervescent economy. Risk management is an emerging area of management and the market signs are that it is now ripe for more focus and attention. The association intends to reach out to all sectors of the risk management market in the Maltese Islands. MARM shall be a very proud member of FERMA and all of us will endeavour to promote risk management in the best light possible within a growing market.”

The council members of MARM are John Schembri (President), Ian-Edward Stafrace (Vice President), Mario Genovese (Treasurer), Andre Farrugia (Secretary), John O’Dea (public relations officer) and Simon Grima (council member). They come from various business sectors including financial services, aviation, safety/security, manufacturing, retail and hospitality and public sector.

The Slovenian Association of Risk Management and Insurance Management (SI.RISK)The Slovenian Association of Risk Management and Insurance Management (SI.RISK)

The founding members of SI.Risk are risk and insurance professionals from the larger Slovenian companies. They have been meeting for two years and are currently working on two projects: changes to Slovenian tax laws in connection with directors’ and officers’ (D&O) liability and environmental issues and changes of Slovenian legislation.

Through SI.RISK they intend to provide a platform for the exchange of experience and views among members, represent the views of risk managers with the Slovenian legislature and other organisations, and promote risk and insurance management.

The President of SI.RISK is Maja Sustersic, Head of Insurance and Risk Management for the Slovenian energy company PETROL. Other board members are Vlasta Mekiš and Eva Grden. Ms Sustersic says, “We believe that the membership in FERMA is an important step for the development of both risk and insurance management in Slovenian companies. The membership of SI.RISK in FERMA will give us the opportunity to express our professional position on relevant issues, to participate in surveys and benchmarks organised by FERMA and to cooperate with our colleagues in other countries.”

Invitation to journalists

Journalists are invited to attend the 2011 FERMA Forum in Stockholm where they can meet representatives of MARM and SI.RISK, among other members. There will be a press conference at 11 am on Tuesday 4 October on site at the Waterfront Congress Centre. For the full programme, see: