ALESCO CAPABILITY PROFILE LATIN AMERICA

Size: px

Start display at page:

Download "ALESCO CAPABILITY PROFILE LATIN AMERICA"

Christina Bradley
5 years ago
Views:

1 ALESCO CAPABILITY PROFILE LATIN AMERICA

2 ABOUT ALESCO Alesco is a fast-growing and dynamic insurance broker that specialises in property, liability, accident & health, contingency and related lines of business across a diverse range of industries from energy and construction to marine, aviation and fine art, just to name a few. Combining the strength and reach of a global brand, with the service levels and flexibility of a specialist independent broker, Alesco is committed to building confidence and creating certainty in your business. Clients across the globe rely on Alesco to identify, manage and mitigate risk and to broker policies with the world s leading insurers and reinsurers. Should clients require support in an individual specialism or the development of a single, comprehensive proposition across their portfolio, we have the proven skills and connections to serve all national and international interests. 2

3 CONTENTS 04 INTRODUCTION 06, 07 OUR CAPABILITIES 08 PROPERTY 09 CASUALTY 13 AVIATION 14 CONTINGENCY & SPECIAL RISKS 15 MARINE 16 MINING CONSTRUCTION FINE ART, JEWELLERY & SPECIE 11 ENERGY 18 OUR APPROACH 12 FINANCIAL INSTITUTIONS ALESCORMS.COM 3

4 INTRODUCTION For many years, diverse risks emanating from Latin America have been a core focus for Alesco. Working across a range of industries, we partner with insurance brokers of all sizes and specialisms across the region, providing them with direct access to the London insurance market and to renowned technical expertise and risk insight. From offshore energy projects in the Gulf of Mexico, through to shipping lanes at the southern-most tip of Argentina, Alesco understands the sheer variety and complexity of Latin American risks. We have the right experience; it is this that enables our clients in the region to identify, mitigate, and transfer their risks in the most effective way. Alesco is also committed to adding to the reputation and strength of the local insurance industry. Every deal we broker and each piece of business we place is part of a shared investment, with our clients and broker partners, in the exciting growth opportunities we see within the Latin American market.

5 5

6 OUR CAPABILITIES Alesco offers specialist products and services across a diverse range of sectors. EXTREME WEATHER LONDON PARIS NEW YORK BERLIN TOKYO DEPARTURES CANCELLED CANCELLED CANCELLED CANCELLED CANCELLED AIRPORTS AND AIRCRAFT RAIL FINE ART AND EXHIBITIONS MEDIA AND ENTERTAINMENT HOTELS HOTEL MUNCIPAL MUNICIPAL BUILDINGS RETAIL TELECOMMUNICATIONS BANKS AND FINANCIAL INSTITUTIONS 6

7 MINING CONSTRUCTION RENEWABLES AGRICULTURE OIL AND GAS INFRASTRUCTURE! POWER GENERATION MANUFACTURING CARGO + PHARMACEUTICALS MARINE AND SHIPPING ALESCORMS.COM 7

8 PROPERTY One of the few specialised Latin American Property teams in London and one entirely comprised of Spanish and Portuguese speakers. Our products provide All Risks Property Damage, Business Interruption and Natural Catastrophe cover. We manage clients throughout Latin America, working closely with our local producers. We have particular specialisms where our clients operate in high risk territories or hazardous industries, where clients are exposed to extreme catastrophic perils and those clients with challenging loss histories. Property Specialist Adam Bragg - Executive Partner +44 (0) Adam_Bragg@alescorms.com Our clients also benefit from the expertise of our Alternative Risk Transfer specialists, who can provide solutions outside of traditional insurance including captives, bonds and derivatives. Who we work with Food & agri (fish processing, sugar mills) Hotels Industrial risks (processing, milling, bottling, plastics) Infrastructure (completed roads, tunnels, bridges, waterworks) Mining Municipals (hospitals, offices, schools, universities) Power generation (hydro, thermal) Retail (shopping centres, supermarkets) Telecommunications (cables, transmission and distribution lines). What we offer Property Damage and Business Interruption coverage Specialist coverages for high risk industries such as underground mining Coverage for political risks and people risks in high-risk territories Specialist derivatives solutions for weather and critical natural catastrophe risks Captive and other ART solutions Risk Consulting & Analytics including risk assessments, due diligence, risk engineering, claims training. 8

9 CASUALTY Our team of specialists handle in access of USD260m of Gross Written Premium (GWP) into the London, European and Bermudian markets. We pride ourselves in developing new, specialist covers as risks change and evolve and we are also one of the few brokers to retain a dedicated Claims team for Casualty in-house, in London. Who we work with What we offer Auto parts manufacturing Primary CGL & Products Liability Chemicals Lead Umbrellas Consumer products Excess Liability Food & beverage Punitive Damages Heavy manufacturing Product Recall / Guarantee Hospitality Environmental Impairment Liability. Life Science / Medical Manufacturers Mining Municipalities / Public Entities Pharmaceutical Casualty Specialist Russ Alexander - Partner +44 (0) Russ_Alexander@alescorms.com We also have specialist covers for: Active Shooter Medical Malpractice Sexual Molestation Liability. Railroads Retail Telecommunications Trucking. 9

CONSTRUCTION We arrange construction insurance for contractors and owner-controlled programmes across a range of industries including mining, energy, ports and terminals, power, renewables, and

10 CONSTRUCTION We arrange construction insurance for contractors and owner-controlled programmes across a range of industries including mining, energy, ports and terminals, power, renewables, and transport infrastructure. Our client base is truly international, with diverse project experience across developed and emerging economies. We work with, all key stakeholders on projects of all sizes. Who we work with What we offer Contractors CAR/ EAR (Construction All Risks / Engineers Erection All Risks) Financiers CPE (Contractors Plant and Equipment) Governments and Local Authorities CCR (Civil Engineering Completed Risks) Project owners across a range of Construction / erection all-risks industries Project sponsors. Delay in start-up / advance loss of profits Environmental / pollution liability General liability / third-party liability Latent defects Lenders Due Diligence Marine Cargo Marine Cargo delay in start-up Operational all-risks Pre-handover operational coverage (seamless construction to operational coverage) Terrorism & Political Risk. 10 Construction Specialist Ed Burr - Partner +44 (0) Ed_Burr@alescorms.com

11 ENERGY With over 400 clients spread across six continents, our team handles upstream, downstream, power and renewable energy risks. Whilst our book is predominantly wholesale for North America, our international book is retail and serviced under the Alesco brand, where we work for seven of the 25 largest energy companies. Energy Specialist Matt Savitt - Partner +44 (0) Matthew_Savitt@alescorms.com Who we work with Banks and Traders Conglomerates Energy Investors Exploration & Production Gas Midstream National Oil Companies Oil Field Contractors / Service / Drilling Power Refining and Petrochemicals Renewables (including biofuel, geothermal, hydroelectric, solar and wind). What we offer DOWNSTREAM ENERGY Property Damage Machinery Breakdown Business Interruption Contingent Business Interruption Increased Cost of Working / Additional Increased Cost of Working Critical Natural Catastrophe Third Party Liability Sabotage & Terrorism Weather Derivitives Downstream Energy - Risk Consulting Financial analysis of risk tolerance Statistical analysis of loss data to evaluate alternative deductible options using both clients and industry wide loss data Exposure and Natural Catastrophe modelling (PRISM software) Analysis of Business Interruption and Contingent Business Interruption exposures Review of Estimated Maximum Loss (BML) calculation and impact upon limits Benchmarking Analysis of insurance market capacity and emerging trends Alternative Risk Transfer (ART), Industry mutual (OIL), multi year multi class deals, retained risk financing plans, weather parametrics Risk financing studies including optimizing the use of captives EVA (Economic Value Added) ACORN software Premium Allocation support Training workshops on insurance topics of interest POWER GENERATION Property damage Critical Natural Catastrophe cover Sabotage and Terrorism Machinery breakdown Business interruption/contingent Business Interruption Third party/excess liabilities Weather guarantee (wind/solar/hydro) Cyber Risks Forced Outage Protection UPSTREAM ENERGY Exploration (onshore/offshore) Rig Physical Damage Loss of Hire Control of Well, Re-drilling, Seepage and Pollution Third Party Liabilities Construction and Installation Physical Damage Delay in Start-Up Control of Well, Re-drilling, Seepage & Pollution Third Party Liabilities (incl. Third Party Seepage & Pollution) War, Terrorism and Political Risks OPERATING Physical Damage Business Interruption/Loss of Production Income Control of Well, Re-drilling, Seepage & Pollution Third Party Liabilities (incl. Third Party Seepage & Pollution) War, Terrorism and Political Risks ALESCORMS.COM 11

FINANCIAL INSTITUTIONS With over 600 clients spread across 50 countries and territories, our team has capabilities in a range of niche industry subsectors.

12 FINANCIAL INSTITUTIONS With over 600 clients spread across 50 countries and territories, our team has capabilities in a range of niche industry subsectors. Our broad expertise means we can look at insurance differently, offering clients year-round insight and a service that is reassuringly predictable, so they can leave the risks to us. Who we work with What we offer Asset and wealth management firms All Risks Property Banks (retail & investment) Computer Fraud Broker dealers Crime (including Fidelity & Bankers Clearing and settlement firms Blanket Bonds ) Credit unions Cyber Liability FinTech companies Directors and Officers Liability Hedge funds Employment Practice Liability Insurance companies, MGAs, MGUs Excess Securities Investor Protection Investment advisors Mortgage Portfolio Protection M&A firms Pension Trustee Liability Mortgage banks and brokers Professional Indemnity / Civil Liability Payment systems firms Public Offering of Securities Liability Private equity and portfolio companies Public Officials (PI) Trust companies. Transactional Advisory & Policies (Including Warranty and Indemnity and Tax Opinion). 12 Financial Lines Specialist James Michalowski-Cummings - Divisional Director +44 (0) James_MichalowskiCummings@ajg.com

AVIATION With brokers based in both London and in the USA, our team is responsible for placing some of the most complex programmes in the aviation and space insurance market.

13 AVIATION With brokers based in both London and in the USA, our team is responsible for placing some of the most complex programmes in the aviation and space insurance market. We are a global team, handling risks from all over the world. We have specific expertise in USA, Latin America, Africa and Europe and have particular strengths in managing general aviation risks, corporate jets and helicopters. Aviation Specialist Mark Walters - Executive Director +44 (0) mark_walters@ajg.com William Coltart - Executive Director Who we work with Airlines, Airports, Air traffic control Caterers, Ground handlers, Refuellers General aviation, corporate jets, helicopter operators Government and police fleets Service providers, manufacturers, Airports Liability Rotor-Wing turbine commercial fleets Repairers, maintenance and facilities Spacecraft manufacturers and launch vehicle operators. What we offer Airline and General Aviation (All-Risks Hull, Spares Passenger and Third Party Liability, Hull Deductible, Hull War and Excess War Third-Party Liability covers) Manufacturers of airframes or aircraft parts/components including sales and demonstration flights (liability covers) Airports, service operators and air navigation service providers (liability covers) Maintenance repair and overhaul, ground handling, refuelling (liability covers) Banks and financing organisations (contingent liability covers) Additional covers (i.e. Loss of Licence, Loss of Use, Personal Accident, Mechanical Breakdown and Business Interruption) Satellite insurance; pre-launch, in-orbit and third party coverages for satellite owners and operators. Also liability for manufacturers. +44 (0) william_coltart@ajg.com ALESCORMS.COM 13

CONTINGENCY & SPECIAL RISKS Our experience spans four continents and over 40 countries, to provide a wide range of clients with an even broader range of tailored products with one thing in common a

14 CONTINGENCY & SPECIAL RISKS Our experience spans four continents and over 40 countries, to provide a wide range of clients with an even broader range of tailored products with one thing in common a focus on people. Our products look after individuals and groups of people as they live, work, and travel internationally; and support the companies whose success is dependent on their safety and well-being. Contingency & Special Risk Specialist Simon Henderson - Executive Director +44 (0) simon_henderson@alescorms.com Who we work with Large domestic and multinational corporates Small to medium sized enterprises Senior executives and high net worth individuals, families and sporting and entertainment superstars. What we offer Contingent Terrorism Contractual Bonus Crisis Management Response Death & Disgrace Emergency Political & Natural Catastrophe Evacuation Event Cancellation & Non-Appearance Film Contingencies Kidnap & Ransom Membership Benefits Over Redemption Prize Indemnity Product Recall Transmission Failure Weather. 14

15 MARINE Our team specialises in covers spanning the whole marine industry. We have market leading positions in the Greek, US, Scandinavian, British, French and Asian shipping markets for Hull and Machinery. Our P&I team is one of the largest and most influential in the market while our Liability team handles major placements for maritime operations across the world. Marine Specialist Andrew James - Executive Director +44 (0) Andrew_James@alescorms.com Angus Blayney - Associate Director Who we work with Charterers Marina operators Marine pilots Marine Professionals including naval architects Offshore support services / offshore operators Port Authorities Private maritime security companies Ship Agents Ship Owners Ship Repair facilities Stevedores and Wharfingers Terminal Operators Traders Warehouse and Depot Operators Shipyards. What we offer Builders Risks Cargo and Stock Throughput Charterers Liability Containers Freight Defense & Demurrage Hull and Machinery Loss of Charter Hire Marine Liability Marine Professional Indemnity Mortgagees Interest Overside & Underwater Equipment Piracy, Kidnap & Ransom Pollution Ports and Terminals (Liability, Property & Handling Risks, Revenue Stream & BI) Protection & Indemnity (P&I) Terrorism, Strikes, War Risks Voyage / Tow Risks Workers Compensation. +44 (0) Angus_Blayney@ajg.com ALESCORMS.COM 15

MINING Our mining practice manages a diverse book of business on a cross-class basis - across the project lifecycle from feasibility phase to decommissioning, including casualty and property as well

16 MINING Our mining practice manages a diverse book of business on a cross-class basis - across the project lifecycle from feasibility phase to decommissioning, including casualty and property as well as for the construction phase and for special contingencies such as the kidnap and ransom of personnel. Mining Specialist Samantha Duncan - Executive Director +44 (0) Samantha_Duncan@alescorms.com Our team takes a holistic view of risk and provides a range of products and services that allow our mining clients to identify, understand, mitigate and transfer risk in the way that best suits their strategic objectives and the challenges of this complex industry. Who we work with What we offer Miners exploration (juniors) We can arrange a wide range of insurance Miners operational (mid-tier and major) for your mining construction project or Contractors your ongoing mining operations, which can Financiers Traders include the following lines and more: Insurance for open-pit or underground mining, and the equipment used for mining them Cover for your processing plant, including concentrators, smelters and other refining plant Consequential loss insurance following an interruption to your business Insurance for the construction of new property or the refurbishment of existing assets Contractors mobile plant and equipment insurance Third-party liability cover, including contractors working on site Cargo risk insurance, including the transportation of bullion and precious metals 16 Political risks insurance, including confiscation, expropriation, nationalisation and revoked licences Kidnap and ransom insurance for your mining personnel Insurance for damage as a result of riot, strike, civil commotion, war or terrorism Personal accident insurance Directors and officers insurance, covering a range of liabilities including prospectus indemnity.

FINE ART, JEWELLERY & SPECIE Our Fine Art, Jewellery and Specie team specialise in arranging coverage for high-value items that merit particular care and protection, such as collections, jewellery,

17 FINE ART, JEWELLERY & SPECIE Our Fine Art, Jewellery and Specie team specialise in arranging coverage for high-value items that merit particular care and protection, such as collections, jewellery, rare musical instruments, heirlooms, wine and classic cars. We offer specie, jewellers block, and cash-in-transit covers across a range of industries and countries, with particular expertise in managing risks in emerging market territories. Who we work with Armoured car companies Art Dealers and galleries Banks and Financial Institutions Fine Art Transporters & Storage Facilities Jewellers and Dealers of precious stones Museums, Libraries & Archives Orchestras and Music Colleges Private and corporate collections. What we offer All Risks Physical Loss and Damage ATM and Smart Safe Provides Cheque Cashers Foreign Exchange/ Bureau de Change Pawnbrokers Cover for collections (antiques, art, books, classic cars, coins, jewellery, musical instruments, stamps, watches, wine or other collections of value) Cover for Exhibitions General Specie (bank storage, bullion, gold, diamonds, other precious stones) Jewellers Block (for manufacturers, wholesalers, retailers and collectors) Cover for Cash in Transit / Premises. Fine Art, Jewellery, Specie & Private Clients Specialist Mark Owers - Divisional Director +44 (0) Mark_Owers@ajg.com Roy Warner - Executive Director +44 (0) Roy_Warner@ajg.com ALESCORMS.COM 17

18 OUR APPROACH A: ANALYSIS The diversity of our Latin American book means we understand complex risks from many perspectives and we offer a range of services to help our clients make more strategic decisions about risk mitigation and transfer. Risk Consulting: 1. Structuring, Placement and Insurance Pricing: Programme Design cost versus benefit analysis, total cost of risk analysis and benchmarking. 2. Reserving: SIR funding adequacy studies, burning cost analysis, and stress testing. 3. Visualisation: Tools to understand your risk profile in respect of natural hazards, weather and topography. Also includes event analysis (weather, geo-political, macro) scenario analysis. Silent Policy Review: Our global specialists conduct silent policy reviews to give companies a valuable second opinion on their policies. We make recommendations on suitability, price and renewal suggestions. Alternative Risk Transfer (ART): Risk transfer doesn t have to mean traditional insurance. Alesco has particular expertise in Alternative Risk Transfer (ART); non-traditional risk solutions including bonding, capital solutions and captives. We can conduct feasibility studies to assess whether a captive, bonding or capital solution makes financial sense. B: BROKING Our core expertise lies in the design, structuring and placing of insurance programmes with the international insurance markets. We believe in tactical broking; the alignment of insurers locally and internationally to provide reliable, robust support takes account of clients long-term risk management objectives. C: CLAIMS The true value of an insurance policy is claims performance. We assist our clients to understand potential loss scenarios and increase their preparedness, so that in the event of a loss, our clients can get back to business more quickly. Pre-loss claims support: We work with clients to develop claims protocols across each of the company s insurance classes, in addition to running workshops to enhance preparedness. Distressed claims: the ability to consult on prospective clients claims which may have become distressed. For example, claims which have been declined in whole or in part or which have become unduly delayed. Insurer claims performance benchmarking. Complex claims project management.

19 ALESCORMS.COM 19

CONDITIONS AND LIMITATIONS This information is not intended to constitute specific guidance and recipients should not infer specific guidance from its content.

20 CONDITIONS AND LIMITATIONS This information is not intended to constitute specific guidance and recipients should not infer specific guidance from its content. Recipients should not rely exclusively on the information contained in the bulletin and should make decisions based on a full consideration of all available information. We make no warranties, express or implied, as to the accuracy, reliability or correctness of the information provided. We and our officers, employees or agents shall not be responsible for any loss whatsoever arising from the recipient s reliance upon any information we provide and exclude liability for the statistical content to fullest extent permitted by law. Alesco is a trading name of Alesco Risk Management Services Limited. 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:

AXA 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