BFL CANADA appoints a new National Practice Leader for Enterprise Risk Management

Top Quote Michael Yip joins BFL CANADA in Vancouver, BC, CANADA as National Practice Leader for Enterprise Risk Management (ERM), a field where demand for professional services is growing strongly. Michael is highly experienced with strategic risk management processes and a former global management consultant and private merchant banker. Michael's appointment will expand and bolsters BFL's services in ERM. End Quote
  • (1888PressRelease) January 31, 2013 - Vancouver, BC, Canada - BFL CANADA is pleased to announce that Michael Yip has joined BFL as National Practice Leader - Enterprise Risk Management (ERM), a new national practice group recently formed to offer ERM services and solutions to our clients. Michael brings over 20 years of strategic management consulting experience to BFL and is skilled in the development and implementation of strategic risk management processes and in advancing effective risk based mitigation solutions. He previously held senior management positions with major global management consulting firms in Canada and the U.S., as well as managing principal roles with a private merchant banking firm.

    "BFL has been offering ERM services for a number of years, however, the creation of a National Practice and the recruitment of an outstanding leader such as Michael will both deepen our specialist resources and enhance client experience" said John Wright, Executive Vice-President, BFL CANADA Western Region.

    Michael specializes in incorporating the ERM methodologies in his approach to strategic consulting and is also experienced in the development and management of alternative risk financing options, including captives, reciprocals and risk sharing arrangements. Michael holds a Bachelor of Commerce (B.Comm.) degree from the Haskayne School of Business, specializing in Risk Management and New Venture Finance and the Canadian Risk Management (CRM) professional designation.

    A frequent speaker and thought leader in ERM, risk technology and business process improvement, Michael has been engaged in domestic and international assignments to establish and implement corporate governance and compliance initiatives such as corporate-wide risk identification, risk assessment, strategic risk mapping and total cost of risk analysis. He also provides strategic consulting in the design and development of Governance, Risk and Compliance (GRC) technology strategies, including leading engagements in business process improvement and enterprise risk management systems implementations.

    "I am very excited about joining BFL CANADA to lead their new National Enterprise Risk Management (ERM) consulting practice" said Mr. Yip. "I am delighted to be a part of an organization with such a proven path of success. Having the opportunity to join BFL further motivates me to build a very relevant platform for ERM - one that aligns with their dynamic business model and will help support their continued and ongoing success."

    Barry Lorenzetti, founder, President and CEO of BFL noted "Michael's addition to the team, coupled with our Lockton Global network, strengthens our ability to provide consultancy advice to clients looking to improve their risk management strategy."

    BFL CANADA is the largest employee-owned and operated commercial insurance brokerage and consulting services firm in Canada. BFL CANADA provides a complete range of insurance products, risk management and employee benefits services to all industry sectors across Canada and, through an ownership position in Lockton Global LLP, in the U.S. as well as in over 100 countries around the world.

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