History

1.    1989 Established

Founded by Peadar Duffy and commenced trading in April 1993 as a security consultancy,

2.       1994 Inclusion in Special Risks Insurance

Since 1994 RMI has been included in certain Lloyds and AIG special risks (kidnap and ransom, product tampering etc.) insurance policies as responder in the event of policy activations. In addition RMI acts as support to other organisations as appropriate. There are roughly 10 companies worldwide which are similarly included in special risks insurance policies. RMI has retained its independence and is not tied or retained by underwriters or other organisations.

3.       1996 Emergency Planning

In 1996 RMI commenced provision of emergency planning services to companies in the pharmaceutical sector.

4.       1998 Business Continuity Management

In 1998 RMI commenced provision of business continuity management (BCM) services to financial services companies. Since then BCM has developed beyond its original limitations of IT (Disaster Recovery) and emergency management. In this regard given RMI’s international client base we have experienced particular growth in supply chain risk management, planning and testing.

5.       1999 MBO and Venture Capital Investment

In 1999 and 2000 RMI management provided an exit for shareholders not involved in the business. This preceded an investment by ICC Venture Capital which remained an investor in the business until 2006 when an exit was facilitated by RMI’s disposal of its stake in Freightwatch Group which is now a leading provider of technology enabled transportation security services internationally.

6.       2002 RMI created RiskForce as a vehicle for alliance with international insurance brokers. RiskForce received an investment from RMI of over €1 million and an additional €1 million from US investors associated with the insurance industry there. A proposed acquisition of RiskForce in 2004 did not materialise when the insurance industry in the US experienced regulatory problems which caused the industry to alter its focus at that time. Recent events associated with the global financial crisis have caused a renewed focus on enterprise risks and particularly on the intersection of corporate governance and risk management.

7.       2006 RMI opened an office in Bahrain to service a contract for the provision of services for the Royal Commission Jubail. Jubail is the world’s largest industrial city. RMI has invested circa €750,000 in this business and along with management and other investors in the region brought the investment to circa €1.5 million. The Jubail contract has lead to many more similar services for Government Ministries and Utilitiy Companies in the Kingdom of Saudi Arabia, Bahrain, Qatar and UAE.

8.       2008 RMI reorganised its business in the Middle East under the leadership of newly appointed CEO Serge Gherabi. RMI Ireland and RMI Middle East continue to share and exploit opportunities.

This and the reorganisation of the business in the Middle East was a result of events associated with the Global Financial Crisis of ‘08

9.      2011 RMI appoints Michael Baume (Former CIO AIB Group), Tony Hickey (Former Assistant Commissioner), John Smyth (Former CEO First Active plc) to its Advisory Board.

RMI launches new Cyber Crime Assurance and Governance Services and strengthens its Investigations team.