Risk Management Giants Glen Frederick and Richard Hackenburg Inducted into the Risk Management Hall of Fame
NEW YORK (April 24, 2017) —RIMS, the risk management society™, and American International Group, Inc. (AIG) today announced Glen Frederick and P. Richard Hackenburg as the 2017 inductees to the Risk Management Hall of Fame (RMHF). The RMHF serves as a means to maintain the history of the field of risk management and recognizes risk practitioners who have made significant contributions to advancing the discipline. Both honorees were officially inducted at RIMS 2017 Annual Conference & Exhibition in Philadelphia.
The RMHF Selection Committee considers the following criteria for membership in the RMHF: considerable contributions to the field; significant achievements, innovation and trend setting; demonstrated leadership, character and service; and the highest caliber of ethical and professional conduct.
“The risk management profession continues to make significant strides and has established itself as a must-have business function for countless organizations around the world,” said RIMS CEO Mary Roth. “Industry heroes like Richard Hackenburg and Glen Frederick were selfless, giving back to the risk management community and paving the way for future practitioners. It is an honor to join AIG in inducting these risk management stalwarts into the Risk Management Hall of Fame.”
“AIG is proud to continue our partnership with RIMS and we are honored to celebrate the significant achievements of industry veterans, Richard and Glen, said Rob Schimek,” CEO of AIG Commercial. “It is a privilege to announce their induction into the Risk Management Hall of Fame and to recognize their contributions to the risk management community.”
The 2017 inductees to the RMHF are:
GLEN FREDERICK, CRM
Throughout Glen Frederick’s nearly 30-year career in risk management, he demonstrated an immeasurable and selfless commitment to giving back to the profession that he loved.
As an integral member of a senior management team within the Government of British Columbia, Glen helped to establish a benchmark for risk management programs among Canadian Provinces.
Glen and his team worked with government ministries, agencies and crown corporations to identify and select risk mitigation strategies that met broad government policies while minimizing risk. He was also very involved in analyzing the government's risk financing that included the development of both insured and self-insured programs.
In addition to the traditional risk management activities, Glen was responsible for launching an Enterprise Risk Management (ERM) strategy that was implemented throughout the Provincial public sector.
Glen's team was also responsible for the successful application of an ERM strategy for the 2010 Olympic Games in Vancouver. This process was critical as the Province was ultimately responsible for the success of the Games. He also provided risk management expertise to the Vancouver Organizing Committee and the International Olympic Committee (IOC).
The Vancouver Games were the first to utilize an ERM strategy. As a result of the success of this initiative, the IOC now requires all future Olympic Games to implement an ERM strategy with similar methodology.
Glen also contributed to the advancement of risk management education. He was an instructor for the Canadian Risk Management designation courses for more than 20 years at Simon Fraser University and Algonquin College.
His involvement with RIMS spanned 25 years. He served on the boards of the Manitoba, Canadian Capital Region and British Columbia Chapters for almost all of his years as a RIMS member. He was very active with the RIMS Canada Council over a nine year period, providing strong leadership in his role as chair, as well as other executive positions.
Glen was a member of the RIMS Nominating Committee for one-term and was selected to chair that committee the following term prior to being sidelined by illness.
Sadly, Glen passed away in 2013, just two years after winning the RIMS Harry and Dorothy Goodell Award and RIMS Donald M. Stuart, the industry’s highest-honor and Canada’s highest-honor for risk professionals respectively.
He is survived by his wife Alice, his sons Steven and Scott and his daughter-in-law Carolyn.
P. RICHARD HACKENBURG, CPCU
P. Richard Hackenburg’s (Dick or Hack) legendary risk management career spanned more than 45 years.
He began as an insurance manager at Westinghouse Electric Corporation in 1967. It was there where he gained the professional foundation on which he built an illustrious risk management career.
In 1974, Richard became the Assistant Treasurer of Allegheny International, Inc. where he was responsible for the various risk management, group welfare, pension investments, industrial hygiene, environmental health, and real estate activities.
After Alleghany International, he held numerous high-profile positions throughout the industry that included President and CEO of Willis, Missouri; COO of Willis Advanced Risk Management Services; Executive Vice President at XL Insurance Company Limited; and Executive Vice President of Marketing Services at XL Global Services.
In his final professional role, he served as Vice President of Insurance and Risk Control Services at FOJP Service Corporation. His responsibilities included insurance program design and purchasing and risk control services for five large hospital systems, seven large nursing home entities and 45 social service agencies affiliated with the UJA-Federation of Jewish Philanthropies of New York, Inc. He retired on January 1, 2008.
Throughout his career, Richard has demonstrated a commitment to volunteerism and education to help advance the risk management profession and support other practitioners.
He authored numerous speeches and articles on corporate risk management principles and practices and, for over 20 years, taught AMA Insurance courses. He is a past member of the Associate in Risk Management (ARM) Advisory Committee of the Insurance Institutes of America where he served in an editorial capacity for the ARM textbooks.
Richard also shared his wealth of industry experience as an active member and officer of numerous professional associations including the Captive Insurance Companies Association (CICA), the Society of CPCU, the Manufacturers Alliance for Productivity and Innovation (MAPI), the National Association of Insurance Brokers (NAIB), and the American Management Association (AMA), where he was Past President of the Insurance Council and a member of the AMA Board of Directors.
He served in all officer positons for RIMS Pittsburgh Chapter. On the RIMS global board of directors he held various officer positions from 1980 to 1986 and served as the Society’s President from 1985 to 1986. He is an honorary member of RIMS and is an honorary Board Member (retired) of the Spencer Educational Foundation. He served on the Spencer Board of almost 20 years and was Board Chairman from 2001 to 2004.
He and his wife, Linda, have been married for almost 50 years and currently reside in Southport, North Carolina. They have three children and 10 grandchildren.
About the Risk Management Hall of Fame
The Risk Management Hall of Fame (RMHF) is home to those risk professionals who have made exceptional contributions to advancing the risk management discipline. RMHF is a joint venture of the RIMS and AIG, and was created to preserve the history and tradition of the profession. Founded in 2011, nominees are considered from around the globe and inductees are selected by the RMHF Selection Committee. New members to the Risk Management Hall of Fame are announced yearly at the RIMS Annual Conference & Exhibition. For more information, visit www.RiskHallofFame.org.
American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG’s core businesses include Commercial Insurance and Consumer Insurance, as well as Other Operations. Commercial Insurance comprises two modules – Liability and Financial Lines, and Property and Special Risks. Consumer Insurance comprises four modules – Individual Retirement, Group Retirement, Life Insurance and Personal Insurance. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
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