Companies dealing in risk are being urged to take a holistic and integrated approach to the subject by the president and chief executive officer of XL Capital.
Speaking at the XL Capital Congress conference Brian M. O'Hara said: "Organisations that understand risk when making strategic decisions have the best chance of striking the right balance between risk and reward- a balance which is fundamental to profitable and sustainable growth."
XL Capital reported a net profit of £364m for the first half of 2003 compared with a $2.3m £1.4m loss in the first half of 2002.
