RIMS, the risk management society, has inducted the late Jorge Luzzi (pictured) into its Risk Management Hall of Fame (RMHF), recognizing one of the profession's most influential global figures for his decades-long contribution to advancing risk management practice and institutions worldwide.
The honor was presented at RISKWORLD in Philadelphia.
“Jorge Luzzi’s contributions to advancing the risk management profession globally were immeasurable. He will inspire others for generations to come,” said RIMS CEO Gary LaBranche. “RIMS sincerely thanks all of the international associations who shared Jorge’s accomplishments and nominated him for the RIMS Risk Management Hall of Fame. RIMS is proud to celebrate his legacy at RISKWORLD.”
Luzzi’s career spanned senior risk roles at major corporations including Pirelli, Telecom and RCG, where he was an early advocate for positioning risk management as a strategic function rather than a purely technical or insurance-buying role.
In those posts he combined technical expertise with a focus on how risk management could support business growth, capital allocation and resilience. Colleagues credited him with helping to embed risk thinking into decision-making at board and executive level before enterprise risk management became standard language across many organizations.
That approach helped elevate the profile of corporate risk and insurance buyers, contributing to more sophisticated, partnership-based relationships on program design, captives, alternative risk transfer and global insurance structures.
Alongside his corporate work, Luzzi built a reputation as one of the most connected figures in the profession, playing a central role in strengthening risk management associations in Latin America, Europe and beyond.
He was the founding president of FUNDALARYS, the Latin American Risk Management Foundation, creating a platform for education, collaboration and knowledge-sharing across a region where formal risk structures were still emerging. He went on to lead a succession of key industry bodies, serving as president of IFRIMA (the International Federation of Risk and Insurance Management Associations), FERMA (the Federation of European Risk Management Associations) and ABGR in Brazil, and as an honorary member of ANRA, the Italian risk management association.
Luzzi worked closely with numerous other organizations, including APARYS in Panama, APOGERIS in Portugal, ADARA in Argentina, ADOGERIS in the Dominican Republic, AGERS and IGREA in Spain, global broker network Brokerslink and RIMS in North America. His involvement helped connect risk communities in different jurisdictions, encouraging the exchange of ideas and contributing to more consistent professional standards.
The Hall of Fame induction adds to a long list of honors from within the risk and insurance community. RIMS presented Luzzi with its highest individual accolade, the Harry and Dorothy Goodell Award for lifetime achievement, in 2002. ALARYS named him Risk Manager of the Year in 2000, and in 2005 he was formally recognized by the Legislative Assembly of the State of São Paulo for his contribution to insurance and risk management culture in Brazil.
Luzzi also made a substantial contribution to the profession’s body of knowledge, authoring numerous articles and a 2019 book, “The Challenges of Risk Management,” published by MDS Group, which examined the evolving role of risk managers in an increasingly complex global environment.
At the time of his passing in 2024, Luzzi was CEO of RCG–Risk Consulting Group, executive director of MDS’s Malta-domiciled alternative risk transfer vehicle HighDome, president of Portuguese risk management association Apogeris and a director of IFRIMA.
Those roles reflected the breadth of his influence across corporate risk management, specialist consulting, alternative risk transfer and association leadership. Many insurers and reinsurers viewed him as a key point of contact linking risk managers, markets and policymakers across multiple regions.
His career also mirrored the wider evolution of the profession. As corporations increased their use of global programs, captives and structured solutions, risk managers moved closer to treasury and the C-suite. Luzzi’s advocacy for cross-border collaboration and for closer engagement between risk managers and capital providers helped shape the environment in which today’s integrated insurance and capital markets solutions are developed.
Jorge Luzzi is survived by his wife Manuela and daughters Alexandra and Daniela.
