Business Services Industry
Judith C. Hanratty: executive prompted oil giant to reassess tolerance for risk retention.(Interview)
Business Insurance, November, 1997 by Goddard, Sarah
Judith C. Hanratty has given The British Petroleum Co. P.L.C. a better understanding of its risks, while showing other risk managers on a grand scale new possibilities for self-insurance. Rather than spread its considerable risks among insurance companies, most of which had fewer resources than BP, the oil company under Ms.
Hanratty's guidance chose to spread them even more broadly - to its shareholders. Ms. Hanratty, 54, a barrister specializing in constitutional and administrative law in her native New Zealand, moved to London in 1986 to assist in the privatization of what is now The British Petroleum Co. She had planned to stay 18 months as a member of the BP share sale team. During that time, however, the scope of the work of the share sale team changed to...
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