RM Job Security Risky For Some In Hard Mkt.
Risk managers who took credit for premium savings during the soft market could find their jobs on the line as the market hardens and premiums rise, observers warn.
“I think a significant amount of risk managers will lose their jobs in the next 18 months,” said Paul Buckley, treasury director, risk management, for Lucent Technologies Inc. in Morristown, N.J. “Why? Because they took credit for all those soft market years and the premium reductions they got and guess whos going to get blamed for the hard market?”
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