Surety Considerations for Public-Private Partnerships

Transcription

1 Surety Considerations for Public-Private Partnerships 1

2 About Advisen: Advisen Ltd. is a privately-owned, independent and unbiased provider of news, data and risk analytics to the commercial insurance industry. Advisen s mission is to deliver productivity and insight to insurance professionals. Advisen brings greater success though technology and data, revolutionizing the way the commercial insurance industry functions. Our customers leverage the Advisen platform, adding power to their proprietary ability and bringing value to their clients. Please locate us on: 2

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4 Surety Considerations for Public- Private Partnerships White Paper: Surety Considerations for Public-Private Partnerships Copy of these slides Recording of today s webinar 4

5 Today s Moderator David Bradford- President, Research & Editorial Group, Advisen Ltd.

6 Today s Panelists

7 Today s Panelists In his current role as Senior Vice President Surety Head of Contract Surety, Geoff has operational and underwriting responsibility for Zurich s contract surety book in North America. Prior to his current role, Geoff had roles at Zurich involving both operational and underwriting responsibility including a regional manager role as well as a senior underwriting officer. Geoff spent several years in field and home office positions with another major surety prior joining Zurich. Prior to entering the surety industry, Mr. Delisio held challenging positions of both a technical and managerial nature while working for a nationwide geotechnical and civil engineering company. His last position involved leading the Northeast Region, which included five offices encompassing eight profit centers with a total managerial and technical staff of 140 people. In SVP role was responsible for regional P&L, strategic business development plan, mentoring/training of staff, recruiting, and employee retention. Geoff received a Bachelors of Science in Civil Engineering from Ohio State University and a Masters of Business Administration from Northeastern University. He is a Professional Engineer registered in the States of Pennsylvania and Georgia as well as a LEED Accredited Professional.

8 Today s Panelists Aaron Toppston is the founding member and Director of (AIS), a global practice group dedicated to the public-private partnership (P3) industry. Areas of expertise include performance security, surety, and risk evaluation for major US civil and social infrastructure projects. Aaron is responsible for successful growth of the AIS business and integration into Aon s operating platform. In addition to serving as a project risk advisor, Aaron is also the leading advisor to construction clients on the US P3 market and is a strategic advisor to numerous firms developing concessionaire entities. Aaron also serves as strategic advisor to both Aon s US and global construction Executive Committees, driving insights and recommendations on growth initiatives in the P3 and construction industries. Aaron s work has been published in numerous industry journals.

9 Can you explain what a public-private partnership is, and what purpose they serve?

10 Slide provided by Aon 10

11 Slide provided by Aon 11

12 The P3 model is much more widely used in the UK, Canada, Australia and some other places than in the U.S. What has motivated their adoption in those countries?

13 Why hasn t the P3 model been widely adopted in the U.S.?

14 In what areas have P3s been most successful in the U.S.?

15 Can you explain how a P3 is structured? Who is the private in a publicprivate partnership?

16 How are the private entities paid under this model?

17 How are P3s typically financed?

18 What additional risks are contractors exposed to under these arrangements?

19 What sorts of protections do lenders typically seek in these arrangements?

20 How does the role of the surety differ in these arrangements as compared to conventional projects?

21 How does the surety evaluate contractors differently in these arrangements as compared to bid build projects?

22 Schedule is paramount! How does this imperative impact claims management?

23 What characteristics should a contractor and its broker look for in a surety when entering into a P3?

24 Q&A

25 White Paper: Available on Advisen s Corner Store 25

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