For Independent Power Producers
|
|
- Bryan Cook
- 5 years ago
- Views:
Transcription
1 For Independent Power Producers Many insurance demands, one insurance specialist
2 Insurance is but one part of the puzzle for IPPs but it is an aspect that can derail critical negotiations.
3 01 One vision, one project, one specialist Alesco is a specialist insurance broker dedicated to the power and energy sector. Our independent power producers (IPP) team has unrivalled expertise and our success has been built on a simple but effective approach we offer complete continuity through the lifecycle of a project. From the earliest stage of development through to full commercial operation, you can expect 24/7 support and you won t be passed from call to call as you seek answers to vital questions. You will have one point of contact on hand to back your project and create a programme that will provide protection and assurance for all parties as well as the right balance between risk and reward. You have a vision. We have the know-how. Together, we ll help your project succeed.
4 02 About Alesco The optimal insurance programmes for IPPs are the result of detailed work during the contractual negotiations and development phase. This is where we specialise, adding value before, during and after the placement of cover so that owners reap the benefit of a coherent and cost-effective insurance product Bob Lock, Partner, Alesco ONE SPECIALIST WHERE EXPERIENCE COUNTS Alesco Risk Management Services Ltd (Alesco) is a specialist insurance broker and risk consultant dedicated to the power and energy industry. Based in London, with dedicated service teams in Africa, Asia, Europe and The Americas, Alesco are one of the fastest growing energy insurance specialists in the world. Our handpicked teams not only have deep sector experience but work tirelessly for our clients across the spectrum of risk and insurance matters. Our extensive knowledge of the IPP model means that we are on hand to deliver the optimum outcome across every aspect of a project s lifecycle, from risk pricing through to settling the most complex of losses. We are not content to have a history of achievement as we recognise that what matters is securing continuing success for clients. It is why we remain at the forefront of developments in the global energy insurance markets, whether working with conventional or renewable power, in established or emerging markets. We won t lose sight of what it takes to meet and manage the challenges ahead. ONE TEAM THAT DELIVERS.
5 03 The Alesco experience You know that the journey from identifying a power generation opportunity to witnessing it in operation is a long and demanding one. At Alesco, we understand what it takes to assist you every step of the way Henry Croft-Baker Partner, Alesco Experience has taught us that each project is unique and that there will be stumbling blocks ahead. But we know how to clear the road. From pre-feasibility to construction, commissioning, testing and on to full commercial operation, projects of scale and ambition attract complex demands, we have a track record of solving problems which guarantees insurance will not prevent your project from crossing the line. Owners, sponsors, lenders, contractors, governments, offtakers there are competing demands placed on clients and we understand what it takes to deliver and manage contractual negotiations. That commitment extends far beyond financial close. The technical and financial knowledge that we accumulate during development and construction phases means that we re able to add value once your project is fully operational, when annual service and placement strategies become essential and through to the end of a concession. We are the one advocate you will need to keep your plans on track. HERE TO SUPPORT YOUR BEST INTERESTS.
6 04 Services/Technology POWER GENERATION The introduction of new technology and new sources of power generation including renewable energy has made the power and utility sector a more specialised field of insurance, requiring expertise in both Underwriting and broking that goes significantly beyond the mere placement of risk. Our Power Generation team has extensive international experience within the sector. Advising on particularly complex areas, such as the potential impact on revenue of contractual obligations, is our speciality. RENEWABLE ENERGY Alesco s team has successfully placed multi-faceted, multi-line insurance and reinsurance programmes (in both operational and construction phases) for clients engaged in every form of renewable energy generation and transmission across the globe. CLIENTS Conventional Energy In the field of conventional power (gas/diesel/coal), our clients include: State and national utilities Non-recourse financed power generation companies Independent Power Producers Investors Lenders Developers Owners Operators Contractors Electricity distribution companies Renewable Energy We have clients in all sectors of renewable energy from standalone sites to global multinationals including: Modern Gas-Fired Technology Wind Biomass and waste to energy Hydro, Reservoir and Run-of-River Solar PV and Solar thermal Bio-ethanol Geothermal Overhead Transmission and Distribution Networks Desalination
7 05 We don t outsource any claims service as we want to make sure that we deliver the best possible service for each and every claim presented by our clients, regardless of size Ken Kavanagh Partner, Alesco CLASSES OF INSURANCE We work to provide insurance solutions for both the Conventional and Renewable power generation sectors and, as can be expected, that includes all aspects that can impact on the development, construction and operation of plants. In a dynamic and often volatile world however, we also make sure that our clients can secure protection from the unpredictable the weather, war, terrorism or political upheaval. From Weather Hedging Derivatives to Political Risks, Alesco offer a single focus that will take into account all the myriad factors that can impact on your prospects. CLAIMS MANAGEMENT As our clients engage in ventures of high hazard and which involve assets of high value, it is no surprise that claims handling is of paramount importance. After all, claims collection is the test of a good product and the rationale for its purchase. It is why Alesco is one of the few brokers that do not outsource any part of the claims service. Our in-house claims and account servicing teams have extensive experience and are adept at managing catastrophic events, large single event losses and technically complex claims. It is another aspect of our belief that to be effective, a service plan cannot be piecemeal, but should encompass all our clients needs. IPP projects have a complex and technical insurance requirement which is why one specialist, capable of taking care of all aspects, counts when it truly matters. ALL HANDLED UNDER ONE ROOF.
8 06 One specialist with a full scope of services The services we provide address the many issues that arise from project conception and ultimately through to the expiry of the concession. It is often the case that clients require a fully outsourced service and so we act as their risk and insurance team. PRE-CONSTRUCTION Draft insurance clauses for incorporation into all the relevant project agreements including Concession Agreement, EPC Contract, O&M Contract, Power Purchase Agreement and Loan Agreement Negotiation of insurance terms with project parties, especially contractors and lenders, and their advisers Performance of due diligence on executed agreements Evaluation of exposures faced by the project to facilitate programme design Review of sums insured with particular note of the extent to which import duties into the project territory may have been waived for the initial consignments Understand revenue streams and identify exposure to contractual penalties (in particular under the PPA and Fuel Supply Agreement) Review of exposure to liability to neighbouring properties and or businesses Evaluate exposure to threats of war and/or terrorism in territory Design and agree scope of the appropriate insurance programme accommodating both the risk profile review described above and the insurance requirements of the project agreements Review local insurance issues relevant to the local territory, including compulsory insurances, local insurance premium tax levels, any mandatory use of local insurers as well as providing indicative insurance costings for incorporation into the project s financial model Prepare full underwriting submission as the basis of negotiation with prospective underwriters.
9 07 Our aim is to provide the highest standards of service to clients by ensuring that their assets and liabilities are fully protected under the most favourable terms negotiable Hugo Gibbs Partner, Alesco AT FINANCIAL CLOSE Negotiate optimum insurance programme in accordance with broking strategy described in the section that follows Present and agree final insurance programme with the project company Present and agree final insurance programme with contractors, lenders and any other interested parties Adhere to any procedural requirements set out in the project agreements, including provision of a Broker s Letter of Undertaking, Acknowledgments of Assignment from insurers, market reports, evidence of insurance, confirmation of receipt of premiums and any other documentation required under the project agreement. THROUGHOUT THE CONCESSION Provide continuing advice and support to the project company Negotiate any extensions required to the contract period Present and agree renewal terms with the project company Maintain dialogue with shareholders Secure agreement from lenders and O&M contractors to renewal terms and any alterations in scope of cover Provide documentation in accordance with procedures stipulated in the project agreements Provide 24-hour claims response service Represent the project company in securing equitable settlement of any claims arising during construction or operation.
10 08 Securing the right outcome One way to measure success Words only go so far and what matters is delivering the right outcome. Here are some examples of how and where our expertise proved vital. WEST AFRICA Issue Towards the end of March 2011, the political climate in Ivory Coast was at its most volatile. Rebel forces under Alassane Ouattara had spread south to the economic capital Abidjan and during the turmoil, a power plant recently purchased by our client was surrounded by uninvited militia of unknown loyalty. The incumbent insurers of the power plant s War on Land and Terrorism policy imposed a 500% premium increase for the imminent renewal. Outcome Asked if we could assist in improving the terms, we collated all available security information from the plant and from external sources, convinced an alternative panel of underwriters that the plant s isolated location coupled with its fundamental importance to the country s economy minimised its exposure to threat, and as a result restricted the premium increase to 20%. MIDDLE EAST Issue A leading power company was midway through an expansion project from construction to full commercial operation. It needed a seamless transition to a full suite of annual insurances as well as the assurance that the project finance programme was adequately designed, fully compliant and acceptable to the lenders advisers. Outcome We undertook a full review of all project agreements ensuring that our bespoke programme design was fully compliant. By carrying out an extensive re-marketing of the entire programme, aided by detailed technical analysis into all areas of the project, we were able to explain the project in detail to insurers and highlight positive risk factors. This maximised competition and leverage and resulted in a significant premium saving that even outperformed the benchmark target agreed with our client. AUSTRALASIA Issue An aging coal-fired power station had little insurance support from an underinsured programme with very limited covers. The panel of insurers did not reflect best-in-class providers of power generator experience and the costs for the risk transfer were completely disproportionate to the cover received. The management team was also concerned that their product was not lender compliant. Outcome We were tasked with reviewing the risk and corresponding insurances and quickly grasped that the client was not receiving fair value or appropriate cover and that insurers were not being challenged. Once explanations were provided to the buyer, with the help of a broker of record mandate, we approached alternative lead markets which better understood the risk, and we secured double the level of monetary limit previously purchased. The cover was far broader for both plant and perils and it was secured at a substantial decrease: 40% below the client s cost expectations.
11 09 SOUTH AMERICA Issue Under the terms of a Power Purchase Agreement (PPA) with an electricity authority, a heavy fuel oil thermoelectric power plant company was required to buy insurance with protection for purchasing replacement power. The PPA was originally signed without an insurance adviser, leaving this clause and its potential impact unaddressed. Outcome We successfully placed the policy that included Additional Increased Costs of Working for the purchase of replacement power. It is often very difficult to obtain this type of coverage for countries that have a high volatility in spot prices but we were able to do so by demonstrating historical averages of spot prices and capping the price per megawatt hour. As well as mitigating replacement power purchase volatility our client was then compliant with the terms of the PPA. How we helped: We collated all available security information from the plant and from external sources, convinced an alternative panel of underwriters that the plant s isolated location coupled with its fundamental importance to the country s economy minimised its exposure to threat, and as a result restricted the premium increase to 20%. WEST AFRICA Issue A company that owns and operates power generation stations was planning the installation of containerised power generation in West Africa but the plant was no longer covered by the Original Equipment Manufacturer s warranty. Outcome We worked closely with the client to thoroughly research and understand the risk, while utilising our strong relationships within the specialist power markets. Our team then successfully secured full LEG 3 (DE5) coverage for all defective design and workmanship for a full 12 months following commencement of operations. The policy offered a viable alternative to the manufacturer s warranty and met the requirements of our client plus the national utility company. This transferred a risk that would otherwise have been prohibitively expensive. EUROPE Issue A leading European power company was moving from a largely self-insured (uninsured) position as a state business to a commercial market programme that would support a stock market listing. It was required to implement an enterprise-wide risk management programme for the benefit of shareholders and corporate capital investors. Any new programme would also need to have the flexibility to cope with overseas acquisitions and a significant project finance programme. Outcome Obtaining traditional underwriting information on a ground up basis would be difficult as the risk had been uninsured for many years. The solution was to use a captive insurance company to retain the primary layer of risk and to purchase additional protection/reinsurance from the industry mutual OIL (Oil Insurance Limited) that would include business insurance on selected assets considered essential to the group s cash flow.
12 10 YOUR IPP TEAM Our team members are handpicked for their sector specialism but also because they demonstrate unstinting commitment when supporting their clients to achieve the right outcome. Bob Lock LEADERSHIP Bob Lock Partner Bob Lock has more than 30 years experience in the insurance industry, the majority in client advocacy roles. He specialises in the IPP sector and has represented many of the world s leading power generation companies on their development, construction and operational insurance requirements. Bob has lived and worked in the energy-rich Middle East and has worked for clients on first of a kind IPPs in Africa, Asia and the Middle East. Bob was previously at Aon before joining Alesco to develop our presence in the power generation sector, bringing his client skills, industry relationships and detailed understanding of the power generation industry to the Alesco team. Tel: +44 (0) E: bob_lock@alescorms.com Henry Croft-Baker Henry Croft-Baker Partner Henry Croft-Baker joined the insurance industry nearly 40 years ago and during that time has worked with US and European sponsors supporting the development of projects from South America to Asia. Henry s experience and cross-class knowledge has contributed to the successful close of independent power projects constituting tens of thousands of MW of which a significant proportion is in Africa. Tel: +44 (0) E: henry_croft-baker@alescorms.com Hugo Gibbs Partner Hugo Gibbs has over twenty years experience in the Insurance Industry and has specialised in the delivery of placement solutions for the power sector since 1992; first with the regulated utility market and then since the late 90 s in the international IPP sector handling projects across the globe. Hugo Gibbs Hugo takes a cradle to grave approach in bringing developers closer to the ultimate risk takers in the Reinsurance markets, both locally and internationally. His specialty is in harnessing complex reinsurance solutions to meet the ever increasing need of the power sector to transfer risk. Previously at Marsh and then as a founding partner in Oxygen, Hugo has joined Alesco to deepen our market penetration and extend our business development in the sector. Tel: +44 (0) E: hugo_gibbs@alescorms.com
13 11 The IPP team at Alesco is one of the most deeply resourced in the City Simon Matson, Managing Partner, Alesco Alison Baker Associate Acknowledged by her peers as an expert in the construction and engineering insurance market, Alison has represented owners anddevelopers on power projects in Europe, Africa and Asia, ensuring compliance with complex nonrecourse finance requirements for traditional and renewable energy projects. Having previously worked at Aon and Marsh in power, civil construction, annual contractors programmes and undertaking due diligence reviews on behalf of lenders, Alison brings a significant talent and more than30 years industry experience to Alesco s power team. Tel: +44 (0) E: alison_baker@alescorms.com Andrew Crichton Associate Andrew Crichton has been with Alesco for 4 years and in that time has focused on power, and more recently on projects in Africa. Andrew provides the team technical support, with a focus on IPPs, in the daily managing of the insurance program design, market negotiations and delivery of a specific insurance product. Tel: +44 (0) E: andrew_crichton@alescorms.com Glyn Davies Partner Glyn has many years experience working on major energy risks and is well placed to service the conventional and renewable power sectors anywhere in the world from construction phase through to fully operational requirements. During his career Glyn has placed particular emphasis on complex, multiasset location programmes. Tel: +44 (0) E: glyn_davies@alescorms.com Ken Kavanagh Partner Ken is a claims specialist and is an integrated member of the servicing team, bringing extensive experience of a wide range of claims management emanating from the power generation sector. With more than 27 years in the industry his experience in the management of claims includes catastrophic events, large single event losses, and technically complex claims. Tel: +44 (0) E: ken_kavanagh@alescorms.com
14
15 As your partner, Alesco will not accept a standard insurance market product, we will design a solution for your needs. Simon Matson Managing Partner, Alesco
16 Alesco Risk Management Services 133 Houndsditch London EC3A 7AH Tel: +44 (0) Tel: +44 (0) Alesco Risk Management Services Limited is an appointed representative of Arthur J. Gallagher (UK) Limited which is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number:
GIVE YOUR FUTURE THE DISCOVER THE POSSIBILITIES OF A CAREER IN RISK
GIVE YOUR FUTURE THE DISCOVER THE POSSIBILITIES OF A CAREER IN RISK ABOUT ARTHUR J. GALLAGHER ARTHUR J. GALLAGHER IS THE BRAND NAME WE USE IN MANY OF OUR GLOBAL ACTIVITIES OUTSIDE THE US OPERATIONS OF
More informationChubb Technical lines
Chubb Technical lines Companies today are looking for an insurer who can cater for their whole range of technical or engineering insurance requirements. These broad and varied needs include everything
More informationNatural Resources. We can show you more.
Natural Resources We can show you more. CNA Hardy Natural Resources We partner with customers to help protect assets and operations in the best possible way; a partner with cross class expertise that understands
More information1 Construction insight Thrive in growth economies: Part 1: Effective Political Risk Management for Construction Projects
1 1 Construction insight Thrive in growth economies: Part 1: Effective Political Risk Management for Construction Projects Construction Insight Thrive in growth economies Introduction This three part Construction
More informationProfessional Indemnity Division. An Introduction
01 Professional Indemnity Division An Introduction 02 Professional Indemnity Division The Howden way We believe in building relationships based on trust and respect. We work with businesses that take their
More informationLockton Financial Risks
Lockton Financial Risks A Division of Global Professional & Financial Risks Protecting your balance sheet About Lockton Lockton is the world s largest privately owned global insurance broker. Our focus
More informationGLOBAL CONSTRUCTION PRACTICE
GLOBAL CONSTRUCTION PRACTICE TOTAL ALIGNMENT OF CORE SKILLS AND GLOBAL CAPABILITY DELIVERED LOCALLY Marsh has created a fully integrated Global Construction Practice to help the sector build a successful
More informationNatural Resources. We can show you more.
Natural Resources We can show you more. CNA Hardy Natural Resources We partner with customers to help protect assets and operations in the best possible way; a partner with cross class expertise that understands
More informationLockton Real Estate and Construction
Lockton Real Estate and Construction Insurance Due Diligence and Project Co-ordination Services Safeguarding Transactions for Property Investors/ Lenders/Developers/Fund Managers www.locktonreac.co.uk
More informationRenewable Energy Insurance. The Leader in Renewable Energy Insurance Our Knowledge, Your Power
Renewable Energy Insurance The Leader in Renewable Energy Insurance Our Knowledge, Your Power GCube Difference History of Leadership With over 20 years of experience, we have become the industry leader,
More informationBEGINNERS GUIDE TO YOUR GUIDE TO CREDIT INSURANCE
BEGINNERS GUIDE TO YOUR GUIDE TO CREDIT INSURANCE CONTENTS Chapter 1 The Basics 2 What is Credit Insurance? Why is Credit Insurance so Important? Who is Credit Insurance Suitable For? Chapter 2 Benefits
More informationProfitability and Bankability of Renewable Energy Projects
Profitability and Bankability of Renewable Energy Projects INCREASING OPPORTUNITIES USING INSURANCE A WHITE PAPER BY Beecher Carlson / A Introduction This White Paper explores the ways in which the bankability
More informationIFC Transaction Advisory Services Creating opportunity where it s needed most. From Concept Design to Project Execution
IFC Transaction Advisory Services Creating opportunity where it s needed most From Concept Design to Project Execution ECREEE Abidjan, March 2014 Introduction and agenda Introduction and agenda Introduction:
More informationAXA Africa Specialty Risks
AXA AFRICA SPECIALTY RISKS Political Risk and Trade Credit Growing a business in an emerging market can come with a wide range of issues. That s why offers tailor-made coverage that s designed to help
More informationChubb Global Markets. Our portfolio
Chubb Global Markets Our portfolio Summary of the different lines available Accident and health 7 Environmental risk 17 Aviation 9 Financial institutions 19 Cyber risk 11 International casualty 21 Credit
More informationRisk management for the renewable energy sector
Aon Risk Solutions Power Renewable Energy Risk management for the renewable energy sector Plug into protection that s as innovative as your technologies. Risk. Reinsurance. Human Resources. Your projects
More informationCASUALTY. ace global guard. multinational liability insurance
CASUALTY ace global guard multinational liability insurance Contents Introduction 1 The Truly Global Solution 2 Global Accounts and Multinational Servicing 4 Bringing It All Together 6 MAX 6 ACE Worldview
More informationGlobal Property Construction
Global Property Construction Overview From Ground-Breaking to Sky-Scraping Every stage of a construction project, from planning and design to final inspections and operation, is accompanied by numerous
More informationReal Assets Investing for a positive change
2018 Legal & General Investment Management Real Assets - Corporate Profile Real Assets Investing for a positive change DP World, London Gateway Port Legal & General Investment Management, Real Assets 2018
More informationSTRUCTURING MULTINATIONAL INSURANCE PROGRAMS FOR THE MIDDLE MARKET
STRUCTURING MULTINATIONAL INSURANCE PROGRAMS FOR THE MIDDLE MARKET Sponsored by The Hartford Published and Distributed by Multinational insurance programs were once reserved for the largest of companies,
More informationThe policy and regulatory aspects of a bankable solar power project. Uzbekistan Energy Forum, London 18 April 2018 Louis Skyner Partner
The policy and regulatory aspects of a bankable solar power project Uzbekistan Energy Forum, London 18 April 2018 Louis Skyner Partner Contents 1. The restriction of subsidies and policy priorities. 2.
More informationYour claims. advocate
Your claims advocate Why is a strong claims team important? An insurance broker should not only be measured on their ability to secure a competitive premium and the right level of cover, but their capacity
More informationALLIANZ MULTINATIONAL YOUR WORLD IS OUR BUSINESS
ALLIANZ MULTINATIONAL YOUR WORLD IS OUR BUSINESS ALLIANZ MULTINATIONAL YOUR WORLD IS OUR BUSINESS ABOUT ALLIANZ MULTINATIONAL In a world where business and trade opportunities are constantly evolving,
More informationChubb Global Guard. Multinational Liability Insurance. Casualty
Chubb Global Guard Multinational Liability Insurance 1 Casualty Contents Introduction 03 The Truly Global Solution 04 Chubb Global Guard 04 Global Accounts and Multinational Servicing 04 Introducing Chubb
More informationAUTOMOTIVE SPECIALIST MOTOR TRADE INSURANCE
AUTOMOTIVE SPECIALIST MOTOR TRADE INSURANCE INTRODUCTION UK roads carry over 34.4 million vehicles of all types 1, supported by a network of manufacturing, sales, service, fleet, bodyshop, repair, testing
More informationCONSTRUCTION SERVICES Technical Briefing Insurance for Construction Environmental and Pollution Liabilities
CONSTRUCTION SERVICES Technical Briefing Insurance for Construction Environmental and Pollution Liabilities ARTHUR J. GALLAGHER AJGINTERNATIONAL.COM CONSTRUCTION SERVICES 1 2 CONSTRUCTION SERVICES AJGINTERNATIONAL.COM
More informationMANAGING EMPLOYEE RISKS FOCUSING ON MULTINATIONAL SOLUTIONS
MANAGING EMPLOYEE RISKS FOCUSING ON MULTINATIONAL SOLUTIONS Multinational Benefits, Multinational Risks Building a successful benefits strategy comes with challenges, opportunities and risks, even within
More informationCARGO REINSURANCE DELIVERING A SUPERIOR SERVICE WITH A COMPREHENSIVE RANGE OF PRODUCTS INDEPENDENT CONNECTED COMMITTED.
CARGO REINSURANCE DELIVERING A SUPERIOR SERVICE WITH A COMPREHENSIVE RANGE OF PRODUCTS www.priceforbes.com INDEPENDENT CONNECTED COMMITTED INDEPENDENT CONNECTED COMMITTED BETTER FOR YOU We are an independent
More informationGLOBAL CAPTIVE PRACTICE
GLOBAL CAPTIVE PRACTICE CAPTIVES ENABLE RISK FINANCING WITHIN THE RISK MANAGEMENT AND BUSINESS STRATEGIES OF THEIR SPONSORS. WHAT MAKES WILLIS UNIQUE? The Willis Global Captive Practice is an integrated
More informationTRAINING CATALOGUE ON IMPACT INSURANCE Building practitioner skills in providing valuable and viable insurance products
TRAINING CATALOGUE ON IMPACT INSURANCE Building practitioner skills in providing valuable and viable insurance products 2017 Contents of the training catalogue The ILO s Impact Insurance Facility... 3
More informationAon Insurance Managers Bermuda
Aon Risk Solutions Issue 1 2018 Aon Insurance Managers Bermuda A Message from Anup Seth Welcome to the inaugural edition of the Aon Insurance Managers In this Issue (Bermuda) newsletter. As we continue
More informationTHINKPIECE. Global terrorism insurance. Structuring global insurance programmes for terrorism and political violence. No.
No. 19 September 2015 Global terrorism insurance Structuring global insurance programmes for terrorism and political violence THINKPIECE After more than a decade of highly visible international incidents,
More informationTHB Marine.
The specialist broking partner Marine Established in 2006, we believe our Marine team offers an unparalleled combination of strength, scale and personalised service. We also appreciate that an insurance
More informationGALLAGHER REAL ESTATE & HOSPITALITY PRACTICE. Real Insurance Solutions for Real Estate and Hospitality
GALLAGHER REAL ESTATE & HOSPITALITY PRACTICE Real Insurance Solutions for Real Estate and Hospitality Real Estate & Hospitality Risk Management Services We Understand Your Business Understanding the specific
More informationINSURANCE SOLUTIONS SPECIALTY CONSTRUCTION
CONSTRUCTION INSURANCE SOLUTIONS There are many traditional insurance solutions available, offered on either an annual basis or project specific basis that cover select parties or provide cover for all
More informationHow investors and lenders can reduce project risk, improve their opportunities and increase their return
How investors and lenders can reduce project risk, improve their opportunities and increase their return Joining a project at financial close to provide funding both equity injection and debt carries a
More informationHelping you improve your investment portfolio in challenging markets
Aon Hewitt Retirement and Investment For Professional Clients only Helping you improve your investment portfolio in challenging markets Investment solutions for insurers Over 820 investment professionals
More informationPPAs and Tariff Design
RENEWABLE ENERGY TRAINING PROGRAM FINANCING RENEWABLE ENRGY PROJECTS PPAs and Tariff Design Bassem Abou Nehme Energy Finance Consultant TWI - Financial Solutions 1 Outline What is a PPA? Structure of PPA
More informationTHE IMPACT OF LARGE LOSSES IN THE GLOBAL POWER INDUSTRY
Marsh Risk Management Research CLAIMS PERSPECTIVE THE IMPACT OF LARGE LOSSES IN THE GLOBAL POWER INDUSTRY OCTOBER 202 CONTENTS Introduction Insurance Claims in the Power Industry 2 Efficiency Push Raises
More informationRenewable Energy Insurance. The Leader in Renewable Energy Insurance Our Knowledge, Your Power
Renewable Energy Insurance The Leader in Renewable Energy Insurance Our Knowledge, Your Power History of Leadership With over 20 years of experience, we have become the industry leader, insuring over 30,000MW
More informationUnlock a future of infinite potential
Unlock a future of infinite potential Introduction Travelers is a leading provider of insurance for the renewable energy sector Contents Introduction 3 Case study 4 Insurance for renewables 6 Why Travelers?
More informationJLT EMPLOYEE BENEFITS. Buy-inSure The solution to your 5m 60m pensioner buy-in transactions
JLT EMPLOYEE BENEFITS Buy-inSure The solution to your 5m 60m pensioner buy-in transactions Pedigree The successful completion of a buy-in transaction is built on a foundation of robust processes, strong
More informationContingent & Special Risks
Contingent & Special Risks Real Estate & Construction @LocktonREAC www.locktonreac.co.uk Lockton Real Estate & Construction Broking done differently 97+ dedicated skilled Associates within the team One
More informationRAIL EXPOSURES FOR DEVELOPERS. Risk and Insurance Considerations
RAIL EXPOSURES FOR DEVELOPERS Risk and Insurance Considerations 2 RAIL EXPOSURES FOR DEVELOPERS INTRODUCTION Rail has been a problematic issue both for developers and their contractors for some years in
More informationFUND PROTECT INNOVATION IN THE PROTECTION OF FUND DIRECTORS PERSONAL LIABILITY
FUND PROTECT INNOVATION IN THE PROTECTION OF FUND DIRECTORS PERSONAL LIABILITY FUND PROTECT INNOVATION IN THE PROTECTION OF FUND DIRECTORS PERSONAL LIABILITY Fund Protect Key Benefits Premium Market appraisal
More informationPIONEER RENEWABLE ENERGY
PIONEER RENEWABLE ENERGY We want to work with you Warren Diogo Head of Renewable Energy +44 20 7480 0257 warren.diogo@pioneeruw.com Jack O Sullivan Assistant Underwriter +44 20 7480 4352 jack.o sullivan@pioneeruw.com
More informationLloyd s Asia. Underwriting human progress
Lloyd s Asia Underwriting human progress What is Lloyd s? Lloyd s is the world s specialist insurance and reinsurance market. With expertise earned over centuries, Lloyd s is the foundation of the insurance
More informationCASUALTY INSURANCE ACE OFFSHORE INSURANCE FOR CONTRACTORS AND SUPPLIERS TO THE OFFSHORE OIL & GAS INDUSTRY
CASUALTY INSURANCE ACE OFFSHORE INSURANCE FOR CONTRACTORS AND SUPPLIERS TO THE OFFSHORE OIL & GAS INDUSTRY The offshore oil and gas industry might be mature but it remains dynamic, offering fresh opportunities
More informationfirm profile firm profile
firm profile firm profile SB Partners, formerly known as KSB Partners is a full service corporate law firm with a presence in Gurgaon and Mumbai operating across diverse industry segments and practice
More informationLeisure Trusts Specialist insurance and risk management
Leisure Trusts Specialist insurance and risk management A specialist approach Understanding your risks The range of sport and recreation facilities offered by Leisure Trusts whether they are single or
More informationTHE GLOBAL IT INTEGRATOR FOR TRADING
THE GLOBAL IT INTEGRATOR FOR TRADING EQUIPPED TO MEET YOUR FUTURE TRADING CHALLENGES WE GRASP HOW TRADING IS CHANGING Our deep understanding of the trading landscape and its regulation ensures you can
More informationwillis towers watson network
www.erimusib.com willis towers watson network Erimus insurance brokers are members of the Willis Towers Watson network, which ensures that our clients get the best of both worlds in dealing with a privately
More informationTHB NORTH AMERICA Open Market.
THB NORTH AMERICA Open Market www.thbgroup.com THB NORTH AMERICA Open Market The specialist broking partner Creative solutions for high exposures or specialty risks Our service THB North America works
More informationLloyd s Asia. Underwriting human progress. Lloyds Global Brochure - ASIA_154x233_V6.indd 1 22/08/ :51
Lloyd s Asia Underwriting human progress Lloyds Global Brochure - ASIA_154x233_V6.indd 1 22/08/2016 10:51 What is Lloyd s? Lloyd s is the world s specialist insurance and reinsurance market. With expertise
More informationTHB MARINE. Creative solutions for challenging and complex risks THBGROUP.COM
THB MARINE Creative solutions for challenging and complex risks THBGROUP.COM OUR OFFERINGS CARGO & STOCK THROUGHPUT WAR & PIRACY HULL & MACHINERY PROTECTION & INDEMNITY MARINE LIABILITY PORTS & TERMINALS
More informationAon Risk Solutions. Real Estate Practice. Fact-based Solutions for Real Estate Risk Management. Risk. Reinsurance. Human Resources.
Aon Risk Solutions Real Estate Practice Fact-based Solutions for Real Estate Risk Management Risk. Reinsurance. Human Resources. Do these problems sound familiar? My insurance broker doesn t understand
More informationpresentation 2016 VHM GROUP OF COMPANIES
presentation 2016 VHM GROUP OF COMPANIES VHM GROUP OF COMPANIES INVESTMENT CONSULTING ENGINEERING CONSULTING PROJECT MANAGEMENT ASSET MANAGEMENT 3 Content I. Mission statement II. Corporate structure III.
More informationCorporate, Finance & Acquisitions We make our clients' business goals - our legal objective
We make our clients' business goals - our legal objective Having successfully negotiated, documented and closed billions of dollars of commercial transactions and investments into the U.S. and abroad,
More informationSECTORS & MARKETS. Private Equity
SECTORS & MARKETS Private Equity OVERVIEW We have been at the forefront of private equity deals almost since the invention of the leveraged buyout. With leading practices in both private equity funds and
More informationMyanmar Representative Office. Improving performance through effective people, risk and financial management
Myanmar Representative Office Improving performance through effective people, risk and financial management An innovative and fresh approach to people and risk management An integrated offering for our
More informationIntroduction 2. Ascot International 4. Claims Management 6. Cargo 8. Energy 10. Facultative Reinsurance 12. Marine Hull and Liability 14
ascot international Introduction 2 Ascot International 4 Claims Management 6 HOUSTON NEW YORK CHICAGO SINGAPORE Cargo 8 Energy 10 Facultative Reinsurance 12 Marine Hull and Liability 14 Political Risk
More informationLending for impact An M&G Investments institutional perspective November 2016
Lending for impact An M&G Investments institutional perspective November 2016 The world requires investment on a huge scale to address environmental and social challenges ranging from reducing carbon emissions
More informationChina capital markets Be prepared to seize the investment opportunities INVESTOR GUIDE
China capital markets Be prepared to seize the investment opportunities INVESTOR GUIDE China capital markets Be prepared to seize the investment opportunities 2 China is opening up new doors to investment
More informationA trusted guide, counsel and expert for the things that matter over a lifetime.
A trusted guide, counsel and expert for the things that matter over a lifetime. Life is full of challenges, opportunities and, sometimes, unexpected moments. But they re not the same for everyone we re
More informationCredit Perspectives. Receivables finance. Highlighting solutions to the challenges clients face. In this Issue
Aon Risk Solutions Aon Credit International Credit Perspectives October 2016 Receivables finance Highlighting solutions to the challenges clients face In this Issue 1 Introduction 3 A bank s perspective
More informationRussell Investments Emerging Markets Equity Fund
Russell Investments Emerging Markets Equity Fund Seizing the full range of emerging opportunities FOR PROFESSIONAL CLIENTS ONLY Fund objective The Fund aims to deliver strong and consistent excess returns
More informationSecurities Lending Outlook
WORLDWIDE SECURITIES SERVICES Outlook Managing Value Generation and Risk Securities lending and its risk/reward profile have been in the headlines as the credit and liquidity crisis has continued to unfold.
More informationTidal financing Lessons from offshore wind
Tidal financing Lessons from offshore wind Ocean Energy Europe - 22 November 2016 Clément Weber A specialist advisory boutique focused on renewable energy We get deals done Deep roots in renewable energy
More informationCONTENTS. WHY YOU NEED A WARRANTY Page 2. OUR WARRANTIES & OTHER SERVICES Page 6. INDICATIONS & QUOTATION Page 12. REGISTRATION & STANDARDS Page 18
GUIDE TO SERVICES CONTENTS WHY YOU NEED A WARRANTY Page 2 OUR WARRANTIES & OTHER SERVICES Page 6 INDICATIONS & QUOTATION Page 12 REGISTRATION & STANDARDS Page 18 ADDITIONAL INFORMATION Page 22 WARRANTY
More informationConstruction Risks. US Construction Practice
US Construction Practice Willis' US Construction Practice provides innovative products and delivers risk management services through its specialist building services teams, addressing the unique needs
More informationWINE STOCK MAINTITLE THROUGHPUT
WINE STOCK MAINTITLE THROUGHPUT SECONDWORD POLICY Insert main subtitle here Cover for wine exposures Refer to JLT brand guideline for Device usage Insert Image (210mm x 210mm) Refer to JLT brand guidelines
More informationGALLAGHER EQUITY ADVISORS PRACTICE
GALLAGHER EQUITY ADVISORS PRACTICE The Gallagher Difference The Gallagher Equity Advisors team has experience that covers the entire mergers and acquisitions spectrum, including private equity, venture
More informationTHIS DOCUMENT IS FOR PROFESSIONAL ADVISERS ONLY. GENERATION PORTFOLIOS THE PURPOSE-BUILT DECUMULATION SOLUTION. Generation
THIS DOCUMENT IS FOR PROFESSIONAL ADVISERS ONLY. GENERATION PORTFOLIOS THE PURPOSE-BUILT DECUMULATION SOLUTION Generation The Generation portfolios have been specifically designed for clients who seek
More informationSwitch Announces Rob Roy s Gigawatt Nevada, the Largest Solar Project in the United States
For Immediate Release February 7, 2018 Alise Porto pr@switch.com Switch Announces Rob Roy s Gigawatt Nevada, the Largest Solar Project in the United States Capital Dynamics to develop Gigawatt 1 the First
More informationTempleton Emerging Markets Smaller Companies Fund
Franklin Templeton Investment Funds Templeton Emerging Markets Smaller Companies Fund Core Value Fund Profile Fund Details Inception Date 18 October 2007 Investment Style Benchmark(s) Core Value MSCI Emerging
More informationRESIDENTIAL & COMMERCIAL DEVELOPER SERVICES
RESIDENTIAL & COMMERCIAL DEVELOPER SERVICES WHO IS PREMIER GUARANTEE? Premier Guarantee is one of the UK's leading providers of Structural Warranty and Defects Insurance Services and since 1997 have been
More informationAGCS: YOUR PARTNER IN A CHANGING ENERGY LANDSCAPE
Allianz Global Corporate & Specialty SE AGCS: YOUR PARTNER IN A CHANGING ENERGY LANDSCAPE Chris van Gend Munich, 02 November 2017 CONTENTS 01 AGCS AT A GLANCE 04 RANGE OF PRODUCTS AND SERVICES FROM AGCS
More informationNIGERIAN INFRASTRUCTURE DEBT FUND (NIDF)
INVESTMENT OPPORTUNITY IN INFRASTRUCTURE FUND January, 2019 Summary: Description MBC Securities Limited is pleased to introduce to you a unique investment opportunity in the SEC and PENCOM approved, Nigerian
More informationRaising Equity for large biomass to power projects
Specialist investment. 16/09/2016 Raising Equity for large biomass to power projects Presentation to IrBEA 'Financing Bioenergy Projects' Workshop Dublin 14 th September 2016 Dedicated Renewable Focused
More informationCAXTON PREMIER INTERNATIONAL SERVICES
CAXTON PREMIER INTERNATIONAL SERVICES 1 WHAT IS CAXTON PREMIER? Globalisation makes international payments an essential part of today s modern lifestyle. At the same time, political and economic uncertainty
More information(b) goods or assets situated in Uganda;
Page 2 No person, other than a person licensed as an insurer under this Act, shall issue any insurance policy on (a) persons who at the time of effecting a contract are residents of Uganda; (b) goods or
More informationCASUALTY ACE GLOBAL GUARD MULTINATIONAL LIABILITY INSURANCE
CASUALTY ACE GLOBAL GUARD MULTINATIONAL LIABILITY INSURANCE CONTENTS Introduction 1 The Truly Global Solution 2 Navigating Your World 4 Bringing It All Together 6 MAX 6 ACE Worldview 6 Partnership with
More informationButterfiel d in Gue rnsey
Butterfiel d in Gue rnsey Welcom e to Butterfield in Guernsey At Butterfield in Guernsey, we have been building successful, long-term relationships with institutions, individuals, their families and advisers
More informationTESTIMONIALS FROM PREVIOUS DELEGATES
TESTIMONIALS FROM PREVIOUS DELEGATES The training was very comprehensive and very well organised. Congratulations to all JLT people engaged in this training. Thank you for the excellent arrangements during
More informationStructuring bankable power projects to attract financings in Central America. Investing in a Sustainable Future
Structuring bankable power projects to attract financings in Central America Investing in a Sustainable Future Proparco, a DFI dedicated to Renewable energy in Latin America Investing in a Sustainable
More informationGUIDE TO FUNDING HOME IMPROVEMENTS
GUIDE TO FUNDING HOME IMPROVEMENTS FUNDING HOME IMPROVEMENTS If you re a budding property developer, renovating your home is the perfect way to get the house of your dreams for a fraction of the price.
More informationOVERSEAS INVESTMENTS A GUIDE TO INTERNATIONAL PAYMENTS
OVERSEAS INVESTMENTS A GUIDE TO INTERNATIONAL PAYMENTS CONTENTS 1 Paying for overseas investments 2 The smart way to invest overseas 3 Timing is everything 4 A new standard in international payments 5
More informationTailored Solutions for Financial Institutions GALLAGHER FINANCIAL INSTITUTIONS PRACTICE
GALLAGHER FINANCIAL INSTITUTIONS PRACTICE Tailored Solutions for Financial Institutions Insurance Brokerage Benefits & Retirement Consulting Claims Administration & Advocacy Institutional Investment &
More informationSECTORS & MARKETS. Funds & Investment Services
Funds & Investment Services OVERVIEW Appleby s investment funds team comprises over 50 lawyers working in each of the world s leading offshore fund domiciles Bermuda, the British Virgin Islands, the Cayman
More informationS P E C I A L I S T A D M I N I S T R A T I O N L O N G - T E R M C O M M I T M E N T. I n f r a s t r u c t u r e F u n d S e r v i c e s
S P E C I A L I S T A D M I N I S T R A T I O N L O N G - T E R M C O M M I T M E N T I n f r a s t r u c t u r e F u n d S e r v i c e s C O M P R E H E N S I V E A N D C U S T O M I S E D Overseeing
More informationInsurance and Pensions Sector Report
Insurance and Pensions Sector Report 1. This is a report for the House of Commons Committee on Exiting the European Union following the motion passed at the Opposition Day debate on 1 November, which called
More informationLEVERAGE CAPITAL GROUP MENA
LEVERAGE CAPITAL GROUP MENA LEVERAGE CAPITAL GROUP - OVERVIEW Leverage Capital Group is a globally operating investment and finance company, providing corporate with financing solutions and having presence
More informationA Tailored Approach to Risk Management GALLAGHER ENERGY PRACTICE
GALLAGHER ENERGY PRACTICE A Tailored Approach to Risk Management Insurance Brokerage Benefits & Retirement Consulting Claims Administration & Advocacy Fiduciary Advisors Alternative Risk Program & Administration
More informationPinsent Masons in Spain
Pinsent Masons in Spain Pinsent Masons in Spain Pinsent Masons is a sector focussed global law firm. Our strategy is to invest in geographies that connect our clients to where they want to do business.
More informationWealth Advisory Services Winning with clients
About Us Deloitte, with more than 650 professionals operating out of offices in all major cities is one of the largest and fastest-growing professional services organisations in Cyprus providing a full
More informationNational Governing Bodies. Specialist sport insurance and risk management
National Governing Bodies Specialist sport insurance and risk management Understanding your risks Insuring the unexpected By its very nature, sport is unpredictable. Anything can happen - that s why we
More information15E Riley Road, Riley Road Office Park, Bedfordview, Gauteng, 2008
Engineering CONTACT Tel No: 011 455 5101 www.cib.co.za ADDRESS 15E Riley Road, Riley Road Office Park, Bedfordview, Gauteng, 2008 (Pty) Ltd is an Authorised Financial Services Provider (FSP No. 8425).
More informationAon Risk Solutions THE USE OF CONTRACTUAL INDEMNITY AND ENVIRONMENTAL INSURANCE TO INCREASE CERTAINTY IN CONTAMINATED PROPERTY TRANSACTIONS
Aon Risk Solutions THE USE OF CONTRACTUAL INDEMNITY AND ENVIRONMENTAL INSURANCE TO INCREASE CERTAINTY IN CONTAMINATED PROPERTY TRANSACTIONS Table of Contents Introduction... 1 Overarching Environmental
More informationUnderwriting human progress. Lloyd s Australia
Underwriting human progress Lloyd s Australia What is Lloyd s? Lloyd s is the world s specialist insurance and reinsurance market. With expertise earned over centuries, Lloyd s is the foundation of the
More informationGUIDELINES FOR ASPIRING NEW GENERATION APPLICANTS
Tel: +264 61 374300 8 Bismarck Street P O Box 2923, Windhoek Fax: +264 61 374305/4 Windhoek Namibia Website: www.ecb.org.na GUIDELINES FOR ASPIRING NEW GENERATION APPLICANTS Version 4, 28 September 2007
More information