Force Behind Industry’s First Cost of Risk Survey Berry Griffin, Jr. Inducted into The Risk Management Hall Of Fame

April 16, 2018

NEW YORK (April 16, 2018) —RIMS, the risk management society™, and American International Group, Inc. (AIG) today announced Berry Griffin, Jr. as the 2018 inductee into 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. Mr. Griffin was officially inducted at RIMS 2018 Annual Conference & Exhibition in San Antonio.

The RMHF Selection Committee considers the following criteria for induction into 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.

“RIMS stands as the premier risk management association in the world and has grown its network to over 10,000 professionals because of individuals like Berry Griffin, Jr.,” said RIMS CEO Mary Roth. “Dedicated, passionate and genuinely invested in demonstrating the value of risk management, Berry’s contributions continue to drive conversation and evolve risk practices. It is an honor to induct this longstanding RIMS leader into the Risk Management Hall of Fame.”

“It is a privilege to welcome Berry into the Risk Management Hall of Fame,” said Lex Baugh, CEO of North America General Insurance, AIG. “We are honored to continue our long-standing partnership with RIMS in celebrating the talented professionals like Berry, who have made distinct and significant achievements in the risk management community.”

The 2018 inductee to the RMHF is:

Berry Griffin, Jr.’s risk management career spanned more than 30 years and he remains active in the profession, attending RIMS Annual Conferences & Exhibition each year.

Berry served as the Risk and Insurance Manager for both Baker International and Hughes Aircraft where he was highly regarded for his contributions.

Berry made immense contributions to the national and international risk management profession through his volunteer work. He was a leader of the American Society of Insurance Managers (ASIM was the association’s name prior to becoming RIMS). He held all officer positions with ASIM, successfully completing many projects, committee assignments and speaking opportunities on a range of risk management topics.

In 1979, he was elected to President of the Risk and Insurance Management Society, Inc. Under his leadership, Berry and the team of risk management professionals who served on RIMS Board of Directors produced the first Cost of Risk Survey. Berry’s team was able to capture this important data and deliver a valuable resource that is still offered by RIMS today as RIMS Benchmark Survey.

Berry also helped the Society maintained its position as one of the most highly-regarded advocacy groups representing the risk and insurance manager. During his tenure, RIMS routinely testified in front of Congress, met with IRS leaders and weighed in on the regulation of captives to support risk professionals’ best interests.

He represented RIMS on the National Association of Insurance Commissioners’ Model Competitive Rating Bill Industry Advisory Committee and played an important role in its report. His valued recommendations were effective in pushing for workers’ compensation to be competitively rated.

Berry oversaw RIMS’ participation in global events including helping the U.S. Council Insurance Committee of the International Chamber of Commerce coordinate its international summit on risk management in Paris in 1979. He was instrumental in supporting the growth of risk management forums in Europe, Australia, Japan and Latin America.

He was active in the Southern Californian risk management community, eventually serving as the president of RIMS Los Angeles Chapter. He was also instrumental in the formation of at least eight RIMS chapters including: RIMS Canadian Capital, Puerto Rico, Central Illinois, Arkansas, Salt Lake City, Potomac, San Diego and Western Carolina chapters.

Berry cares tremendously about mentoring, acting as a mentor and role model for countless risk management professionals. A key contributor to the development of the Spencer Educational Foundation, he continues to support the Foundation’s cause to create meaningful opportunities for the next generation of risk management professionals. 

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

About AIG
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 common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

Additional information about AIG can be found at | YouTube: | Twitter: @AIGinsurance | LinkedIn: These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

For more information, contact:

Josh Salter, Director of Communications, (212) 655-6059 or

About RIMS

As the preeminent organization dedicated to promoting the profession of risk management, RIMS, the risk management society®, is a global not-for-profit organization representing more than 3,500 industrial, service, nonprofit, charitable and government entities throughout the world. Founded in 1950, RIMS is committed to advancing risk management capabilities for organizational success, bringing networking, professional development and education opportunities to its membership of more than 10,000 risk management professionals who are located in more than 60 countries. For more information on RIMS, visit

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