Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Financiers’ insurance due diligenceDistinctive. Choice.CONSTRUCTION
Distinctive. Choice.JLT is an international group of Risk Specialists andEmployee Benefits Consultants and one of the larg...
Pull quote text here.                                                                             This box should sit     ...
Experience    JLT has developed a successful formula for         •   risk and insurance analysis – we identify the insurab...
It is vital for financiers                                                                   to be secure in the          ...
The Financiers’ InsuranceDue Diligence teamcomprises consultantswho have worked on morethan 400 separate projectfinanced t...
Project profile of due diligenceProjects located in Argentina, Austria, Bahrain,    •   over 125 UK PFI healthcare, transp...
Our clients include    •   ABN AMRO                        •   HSBC    •   Ambac                           •   HVB/Unicred...
Distinctive. Choice.                   JLT is an international group of Risk Specialists and                   Employee Be...
JLT Specialty Limited6 Crutched Friars                                             Lloyds Broker. Authorised and Regulated...
Financiers Insurance Due Diligence 2008
Financiers Insurance Due Diligence 2008
Upcoming SlideShare
Loading in …5
×

Financiers Insurance Due Diligence 2008

678 views

Published on

  • Be the first to comment

  • Be the first to like this

Financiers Insurance Due Diligence 2008

  1. 1. Financiers’ insurance due diligenceDistinctive. Choice.CONSTRUCTION
  2. 2. Distinctive. Choice.JLT is an international group of Risk Specialists andEmployee Benefits Consultants and one of the largestof its type in the world. We offer a distinctive choiceto our clients and partners through our combinationof independence, scale and specialism.As an independent business, we are able to operatewith autonomy and flexibility. We have the scale toprovide solutions to the complex demands of the world’sleading companies and to deliver global servicing whilstrecognising that the needs of each of our clients is unique.By developing highly specialised services, we provide ourclients with a depth of expertise and experience.The value we create is driven through the personaldetermination of our 6,200 highly motivated andskilled people.
  3. 3. Pull quote text here. This box should sit over an image and be filled with 100% IMAGE AREA pantone 289 at a 75% opacityThe direction of due diligenceJLT has a dedicated unit specifically designed Our key objectives in providing insurance due diligence advice are:to cater for the needs of lenders and ECAs in • to provide specialist and experienced personnel to review,connection with the limited and non-recourse assess and monitor the risk transfer processfinancing of projects. Our Financiers’ Insurance • to help ensure the insurance requirements of the loanDue Diligence team has been providing advice agreement, throughout the construction and operationalsince 1995, enabling our consultants to gain phases, are suitable and robustimmense experience with many diverse • to check that the insurance requirements, including theprojects. Our consultants are multi-disciplined credit rating of the insurers, are met, or any shortfalls notified to the financiers and dealt with appropriatelyacross power, energy, natural resources, • to minimise the commercial risk to the financiers, byinfrastructure and PPP/PFI projects around checking that the key project exposures are optimallythe world. insured and financiers’ insurable interests are protected to the maximum available extent required • to reduce the workload of the financiers and their legal advisers, in the insurance and risk management field. 1
  4. 4. Experience JLT has developed a successful formula for • risk and insurance analysis – we identify the insurable and uninsurable risks faced by the project participants servicing the needs of financiers of limited and non-recourse projects. We have the necessary • contract analysis – our review of the project and financing documentation and identification of risk ensures the experience to respond to the insurance insurance arrangements address such risks and are demands of a project finance transaction, consistent and achievable pre- and post-financial close and any • the approach to insurance of the concessionaire and the re-financing, including: award body – we can assist with the negotiation of insurance cost sharing and future uninsurability provisions • advising on the extent of risk transfer available within the traditional and non-traditional insurance markets2
  5. 5. It is vital for financiers to be secure in the knowledge that the borrower’s insurance programme optimises cover for project risks• working with legal, technical and other advisers with regard to the insurance requirements of the loan agreement• meeting tight deadlines – we deliver quality reports incorporating confirmation that the insurance conditions precedent have been met• the syndication process – we can assist as required with information memoranda and speak at syndication presentations. 3
  6. 6. The Financiers’ InsuranceDue Diligence teamcomprises consultantswho have worked on morethan 400 separate projectfinanced transactions
  7. 7. Project profile of due diligenceProjects located in Argentina, Austria, Bahrain, • over 125 UK PFI healthcare, transportation, schools, prisons/police/judiciary housing, accommodation andBelgium, Bolivia, Brazil, Bulgaria, Chile, China, leisure projectsColombia, Cyprus, Czech Republic, • over 55 power projects (several involving portfolios of up toDominican Republic, Estonia, Egypt, France, 21 separate IPPs)Germany, Greece, Hungary, Iceland, India, • over 20 road projectsIndonesia, Italy, Ireland, Jordan, Laos,Malaysia, Mauritania, Mexico, Netherlands, • over 42 wind power projects (including seven offshore)Nigeria, Norway, Oman, Pakistan, Peru, • over a dozen oil and gas, LNG, petrochemical andPhilippines, Poland, Portugal, Qatar, Saudi pipeline projectsArabia, Spain, South Africa, South Korea, • over 10 airport projectsSweden, Russia, Taiwan, Thailand, Trinidad & • eight wastewater projectsTobago, Tunisia, Turkey, UAE, Uganda, • nine space/satellite projectsVietnam and the United Kingdom. • various other light rail and railway projects, submerged tube tunnels, steel plants, cement plants, aluminium smelters, pulp mills and mining projects. Whilst all due diligence is undertaken in English, within the team we have speakers of French, Italian, Spanish, Bengali and Hindi. 5
  8. 8. Our clients include • ABN AMRO • HSBC • Ambac • HVB/Unicredit • Barclays Bank PLC • ING • Banco BPI • JBIC • Banco Espirito Santo • KBC • Bank of Ireland • KfW • Bank of Scotland (HBOS) • Lloyds TSB Bank • BNP Paribas • Macquarie Bank • BayernLB • MBIA Assurance SA • Calyon • Millennium BCP • Citibank • Mizuho • Corporación Andina de Fomento • NIB Capital Bank • Den norske Bank • Prudential M&G • Depfa • Royal Bank of Scotland • Deutsche Bank • Samba • Dexia Public Finance Bank • SG • EIB • SMIF • Fortis • Standard Chartered • FSA • West LB • Helaba • XL6
  9. 9. Distinctive. Choice. JLT is an international group of Risk Specialists and Employee Benefits Consultants and one of the largest of its type in the world. We offer a distinctive choice to our clients and partners through our combination of independence, scale and specialism. As an independent business, we are able to operate with autonomy and flexibility. We have the scale to provide solutions to the complex demands of the world’s leading companies and to deliver global servicing whilst recognising that the needs of each of our clients is unique. By developing highly specialised services, we provide our clients with a depth of expertise and experience. The value we create is driven through the personal determination of our 6,200 highly motivated and skilled people.SOLID PMS289 BLUE OR DIVISION COLOURAS PER COLOUR STRIP ON OUTSIDE COVER
  10. 10. JLT Specialty Limited6 Crutched Friars Lloyds Broker. Authorised and Regulated by the Financial ServicesLondon EC3N 2PH Authority. A member of the Jardine Lloyd Thompson Group. Registered Office:Tel +44 (0)20 7528 4000 6 Crutched Friars, London EC3N 2PH. Registered in England No. 01536540.Fax +44 (0)20 7528 4500 VAT No. 244 2321 96www.jltgroup.com © January 2011 263001CONTACTSMartin Benatar (Team Leader) Chris Cook Sabbir KhandokarTel: +44 20 7558 3988 Tel: +44 20 7528 4409 Tel: +44 20 7558 3440Mobile: +44 7920 586 342 chris_cook@jltgroup.com sabbir_khandokar@jltgroup.commartin_benatar@jltgroup.com Vivienne Dell’Aira Bromley Peter SymesWarren Beardall Tel: +44 20 7558 3768 Tel: +44 20 7528 4096Tel: +44 20 7528 4732 vivienne_dell’aira@jltgroup.com peter_symes@jltgroup.comwarren_beardall@jltgroup.com Martin Dockrill Team Fax: +44 20 7528 4784Cris Blakey Tel: +44 20 7528 4829Tel: +44 20 7558 3443 martin_dockrill@jltgroup.comcris_blakey@jltgroup.com

×