The Legacy of Robert S. Spencer
Robert Spencer was a seminal leader in the risk management field. For 17 years, he held numerous management positions at Fuqua Industries Inc., where he developed the organization’s diverse risk management program, co-founded the Bermuda-based Fuqua Insurance Company Ltd., set standards on the dealings of captives in the domestic and international reinsurance markets, and created a workers compensation, self-retention program adopted by 31 U.S. states.
In addition, Robert was a leader in RIMS, serving as president of the Atlanta Chapter in 1973, and as vice president (1974–1977) and then president (1977–1978) of the national organization. He was also a founding member of the Canadian Institute of Chartered Accountants. In all these roles, Robert developed numerous programs — including RIMS’ Anita Benedetti Student Involvement Program — so that the principles of good risk management could be passed on.
Long after his death, in 1979, Spencer continues Robert’s legacy by providing educational opportunities for young men and women seeking to advance their education in business, insurance, actuarial sciences, and risk management.