THE WILLIS UTILITIES PRACTICE

Size: px
Start display at page:

Download "THE WILLIS UTILITIES PRACTICE"

Transcription

1 THE WILLIS UTILITIES PRACTICE

2 UTILITIES: INDISPENSABLE RISK: UNAVOIDABLE THE RIGHT RISK PARTNER: INVALUABLE THE WILLIS UTILITIES PRACTICE Willis 2

3 POWER As the utility industry adopts strategies that emphasize flexibility and limit capital exposure, insurance programs play an increasingly important role. Driven as well by changes in ownership and management, utilities have become sophisticated buyers of insurance, highlighting the need for a broker expert in both traditional and nontraditional risks, including: CORPORATE GOVERNANCE. Personal accountability to a wide range of stakeholders for missteps, perceived or actual, is higher than ever before. ENVIRONMENTAL EXPOSURES. Old sites, waste depositories, emissions controls, carbon sequestration and other implications of global warming must be addressed. WEATHER EXPOSURES. Climate change can hit revenue streams cool summers mean low power sales; warm winters, low gas sales; droughts can hurt hydro facilities. REGULATORY CONCERNS. FERC, PUC, rate base recovery and rate freezes keeping track of all of these issues is complicated. TERRORISM. Transmission companies as well as fossil fuel, hydroelectric and nuclear facilities are potential major targets. SPOT MARKET EXPOSURES. Replacement power, gas supply prices and spark spread issues continually loom. TECHNOLOGY ISSUES. Markets for prototype equipment and design exposures are restricted. POWER SALES EXPOSURES. Power purchase contracts, gas take-or-pay contracts, capacity payments, merchant power sales all come with risks. RENEWABLE ENERGY. Risk profiles will change as utilities react to the regulatory drive to expand renewable energy availability and grapple with new technologies and designs. BUILDERS RISK. Technology issues, civil exposures, advance loss-of-profits and wrap-ups; plus, projects in foreign countries can result in Kidnap & Ransom and Political Risk exposures as well. Willis 3

4 WHO WE SERVE Willis understands the factors differentiating one set of exposures from another and is thus able to work with clients to develop risk management strategies and options appropriate to the full scope of their operations, financial circumstances and long-term goals. The main utility business components we service include: Vertically integrated electric utilities: investor-owned, municipally-owned and cooperatives Horizontally integrated electric utilities Regulated power generation Independent power producers Merchant power producers Electric and gas transmission companies Electric and gas distribution companies Water distribution and waste management companies Alternative energy operations Our utility clients range from some of the world s largest multinational utilities to small local utilities with limited service territories. In 50 countries around the globe, we represent a full range of generators, from nuclear and hydro to combined cycle gas turbine and renewable energy operators, electric and gas distribution and transmission companies and water companies. Large power projects are challenging in part because of their sheer size, usually remote locations and because they frequently encompass multiple contracting parties. Willis works with the project principals to ensure their broad insurance program provides effective and efficient protection to all parties involved. This is usually accomplished through an owner-controlled insurance program (OCIP) tailored to meet the project s specific needs at the lowest reasonable cost. As the world s leading construction broker, Willis is arguably the leader in establishing OCIPs and CCIPs (contract-controlled insurance programs) and shaping them to suit the contractual arrangements between the principal parties. Our practice focuses on the four standard utility sectors: electric, gas, water and alternative energy. We cover both regulated and non-regulated entities. Our clients operations vary widely by location, age of facility and exact type of operation, and each has a different set of business drivers. Willis 4

5 KNOWLEDGE AND EXPERTISE The Willis Utility Practice functions in two ways: as a source of industry-specific knowledge and expertise, and as a conduit for our clients to access the full array of Willis risk management and product offerings. This combination offers clients the benefit of Willis expertise in traditional areas such as Property, Casualty, Executive Risks, Construction and Employee Benefits, as well as many other areas that are material to meeting the needs of modern utility clients, including: Actuarial service Captive management Engineering and loss control Risk management consulting Contract review and analysis Mergers and acquisitions Project finance Structured risk financing We develop new products for the utility sector as its risk financing needs evolve. Past innovations include: Environmental cost cap and liability products Multiyear weather insurance deals Alternatives to financial and performance bond insurance Generation spot price volatility covers The reason you buy insurance is to protect assets and liabilities, and when the unexpected loss event occurs you want to make a quick and effective recovery. We have a thorough understanding and detailed knowledge of adjusting complex claims and working with insurance carriers toward an optimal resolution of the claim. Our claim experience includes construction and operational losses due to major mechanical breakdowns, catastrophic fires, builders risk collapses, business interruption, delay in start-up, contingent business income loss, Workers Compensation claims, third-party property damage and injury, directors and officers suits, fiduciary suits, explosions, flood, professional liability, political risk, marine transit, and tax credit recapture losses. Willis 5

6 Willis 6

7 THE VALUE GAP The knowledge, skills and expertise offered by more than 200 professionals that comprise the Willis Utility Practice help widen what we call the value gap the difference between what clients can or choose to do for themselves and what we can do for them. The more we can do for our clients, the greater the value gap, and the more valuable we believe our services are to them. How do we accomplish this? By offering clients a competitive advantage over their peers through superior strategies and insurance solutions whether this means finding a less expensive insurance program, a new approach to loss control or a credit enhancement program that allows the insured to enter into larger trading deals. Through development with extensive research and analysis of tailored solutions in esoteric areas, such as environmental, loss portfolio transfers, captive options and other structured risk solutions. By helping develop revenue enhancement products via such programs as warranty coverages and electric rate guarantee programs. By educating insurers, thus enabling more attractive placements. Willis Utility Practice clients also benefit from comparable expertise in several Willis specialty practices. ENVIRONMENTAL Our industry-leading environmental operation has extensive experience with superfund and manufactured gas exposures, asbestosis hazards and other complex environmental exposures. WEATHER Our proven weather programs can be carefully structured to protect revenue streams or offer revenue enhancement opportunities. ENTERPRISE RISK MANAGEMENT Our consultants work with clients to identify exposures extending beyond traditional insurance risks and develop cutting-edge financial solutions that can have a substantial impact on the bottom line. MERGERS & ACQUISITIONS Our M&A specialists provide crucial support to an industry that is expected to see continuing consolidation over the next several years. Willis 7

8 ONE TEAM LED BY YOUR CLIENT ADVOCATE The Willis Client Advocate concept is a key factor that sets Willis apart. Through the Client Advocate Model, all of our resources people, knowledge, technology, experience come together for a single purpose: to help your organization succeed. Your Client Advocate is the senior Willis person selected to work with you and manage all aspects of your account current and prospective risks, loss prevention and loss settlement, marketing and administration. He or she has the expertise to understand your organization and its component parts and will take the time to learn your operations, the specific nature of your risks and your long-term financial goals. Your Client Advocate is your doorway to the global expertise of Willis, your willing champion in the marketplace and your trusted adviser. GLOBAL RESOURCES DELIVERED LOCALLY Through the Willis team approach, we combine the convenience and servicing capabilities of a local broker with the superior expertise and market relationships of a global player. With your Client Advocate as a single point of contact and our state-of-the-art technology and communications as a foundation, we offer Glocal service: global resources, delivered locally. No matter where our clients or their operations are located, they benefit from all Willis resources wherever they might be found. Willis 8

9 MARKET RELATIONSHIPS The Willis approach to the marketplace differs markedly from that of our competition: we mobilize global resources to assure superior delivery that is customized by local Associates. We do not use a centralized marketing group to negotiate with specific markets, but rather, our marketing specialists are part of your Willis account service team and develop a tailored marketing strategy. We believe that a centralized marketing operation cannot be as intimately familiar with your risk exposures or loss history as an involved, local team. In addition, a centralized approach essentially removes you from the process and significantly reduces important personal interaction between you and the underwriters. Our methodology maximizes information flow, ensuring optimal partnerships are established in the placement process. At the same time, our approach allows our local marketers, working with our Global Markets team, to benefit from relationships with global carriers built on the strength of our business worldwide. ONE SIMPLE SOLUTION Whether you are an investor-owned electric utility or a cooperative, handle gas transmission or are an independent power producer, whether you have operations in a single location or spread around the world, the Willis Utility Practice can help. We can provide access to any type of insurance coverage, offer broad-based consulting expertise or create the cuttingedge financial products that your organization may need to be fully protected. We have the extensive market relationships required to provide the best available options for your risk management programs. Your problems may be complex, but the solution is simple: Willis. Willis 9

10 CONTACT For additional information, please contact your local Willis representative or: NORTH AMERICA David Scott Willis Utilities Practice Leader Paul Becker Willis Construction Practice Leader Ayesha Navarro Willis Canada EUROPE Michael Buckle Willis Global Markets International +44 (0) Willis 10

GENERATING VALUE POWERING REVENUE A PARTNER IN SUCCESS: THE WILLIS UTILITIES PRACTICE

GENERATING VALUE POWERING REVENUE A PARTNER IN SUCCESS: THE WILLIS UTILITIES PRACTICE POWER GENERATION GENERATING VALUE POWERING REVENUE A PARTNER IN SUCCESS: THE WILLIS UTILITIES PRACTICE Willis 2 When your generation assets generate your revenue, you need to be sure those assets are properly

More information

THE LATEST TECHNOLOGY AN EMERGING RISK PROFILE THE WILLIS RENEWABLE ENERGY AND SOLAR CONSTRUCTION TEAMS

THE LATEST TECHNOLOGY AN EMERGING RISK PROFILE THE WILLIS RENEWABLE ENERGY AND SOLAR CONSTRUCTION TEAMS SOLAR POWER THE LATEST TECHNOLOGY AN EMERGING RISK PROFILE RISK MANAGEMENT EXCELLENCE THE WILLIS RENEWABLE ENERGY AND SOLAR CONSTRUCTION TEAMS Willis 2 THE SUN IS RISING ON THE SOLAR POWER ALTERNATIVE

More information

WATER COLLECTION TREATMENT SUPPLY DISTRIBUTION

WATER COLLECTION TREATMENT SUPPLY DISTRIBUTION WATER COLLECTION TREATMENT SUPPLY DISTRIBUTION A CONSTANT NEED A GROWING RISK A GUIDING HAND: THE WILLIS WATER UTILITY EXPERTS Water is life. It s also big business. Ensuring a safe and steady water supply

More information

NEW TECHNOLOGIES NEW RISKS NEW PARTNER: THE WILLIS ENERGY TEAM. Willis 2

NEW TECHNOLOGIES NEW RISKS NEW PARTNER: THE WILLIS ENERGY TEAM. Willis 2 WIND POWER NEW TECHNOLOGIES NEW RISKS NEW PARTNER: THE WILLIS ENERGY TEAM Willis 2 If the question in today s world is global warming, the answer is renewable energy. The world is looking for efficient

More information

SOLVING THE RISK MANAGEMENT NEEDS OF THE NUCLEAR REVIVAL

SOLVING THE RISK MANAGEMENT NEEDS OF THE NUCLEAR REVIVAL SOLVING THE RISK MANAGEMENT NEEDS OF THE NUCLEAR REVIVAL REVIVING THE NUCLEAR POWER OPTION Satisfying our ever-growing demand for electricity and protecting air quality to minimize global warming are dual

More information

JLT Mining. The Canadian economy is, in part, driven by a robust and sophisticated Mining Industry.

JLT Mining. The Canadian economy is, in part, driven by a robust and sophisticated Mining Industry. Mining Jardine Lloyd Thompson (JLT) is an international group of Risk Specialists and Employee Benefits Consultants and one of the largest companies of its type in the world. We offer a distinctive choice

More information

International Insurance Brokerage. Global risks demand global insurance solutions

International Insurance Brokerage. Global risks demand global insurance solutions e pat financial Global Financial Security International Insurance Brokerage Global risks demand global insurance solutions Table of Contents Introduction About Us Risk Solutions Why Expat Financial International

More information

GLOBAL PROPERTY. Commercial Property START

GLOBAL PROPERTY. Commercial Property START Commercial Property START A LEADER About Global Property AIG s Global Property division brings sophisticated and extensive capabilities to our clients risk management programs. AIG s unrivalled worldwide

More information

Solutions for Your Unique Healthcare Risk Management Challenges

Solutions for Your Unique Healthcare Risk Management Challenges Solutions for Your Unique Healthcare Risk Management Challenges Rising to Meet your Healthcare Challenges Beecher Carlson s National Healthcare Practice is acutely aware of what is ailing healthcare providers.

More information

Understanding Captives and Alternative Risk Transfer

Understanding Captives and Alternative Risk Transfer Understanding Captives and Alternative Risk Transfer Putting your insurance premiums to work for you Managing risk as you manage your bottom line What do Verizon, Coca-Cola, BP and most Fortune 500 sized

More information

BLUEPRINT CONTRACTOR ROLLING GENERAL LIABILITY ONLY PROJECT INSURANCE CONSTRUCTION PRACTICE ROLLING GL ONLY CCIP BACKGROUND

BLUEPRINT CONTRACTOR ROLLING GENERAL LIABILITY ONLY PROJECT INSURANCE CONSTRUCTION PRACTICE ROLLING GL ONLY CCIP BACKGROUND CONSTRUCTION PRACTICE BLUEPRINT October 2014 www.willis.com CONTRACTOR ROLLING GENERAL LIABILITY ONLY PROJECT INSURANCE PROJECT INSURANCE IS WRITTEN TO COVER A SPECIFIED PROJECT OR PROJECTS AND IS SPECIFIC

More information

Managing multinational insurance programs

Managing multinational insurance programs Managing multinational insurance programs In a globalized economy linked by overnight delivery, advanced telecommunications and the Internet, even small companies increasingly do business with foreign

More information

You invest in your executives. Protect that investment

You invest in your executives. Protect that investment You invest in your executives. Protect that investment GALLAGHER MANAGEMENT LIABILITY PRACTICE Executive management has unique liabilities. It takes a unique risk management company to cover them. Our

More information

Real Estate Practice. Fact-Based Solutions for Real Estate Risk Management. Risk. Reinsurance. Human Resources.

Real Estate Practice. Fact-Based Solutions for Real Estate Risk Management. Risk. Reinsurance. Human Resources. Aon Risk Solutions Real Estate Practice Real Estate Practice Fact-Based Solutions for Real Estate Risk Management Risk. Reinsurance. Human Resources. Today s Real Estate Risk Trends and Priorities Our

More information

WILLIS GROUP HOLDINGS HOW WE GET PAID

WILLIS GROUP HOLDINGS HOW WE GET PAID WILLIS GROUP HOLDINGS HOW WE GET PAID WILLIS GROUP HOLDINGS HOW WE GET PAID INTRODUCTION The purpose of this paper is to provide an overview of the ways that Willis is remunerated for the value we deliver.

More information

Global Logistics Practice. World-Class Global Logistics Risk Management. Aon Risk Solutions Aon Broking

Global Logistics Practice. World-Class Global Logistics Risk Management. Aon Risk Solutions Aon Broking Global Logistics Practice World-Class Global Logistics Risk Management Risk. Reinsurance. Human Resources. Empower Results 1 What is Logistics? Logistics refers to the part of the supply chain that plans,

More information

Chubb North America Major Accounts

Chubb North America Major Accounts Chubb North America Major Accounts Contents Chubb North America Major Accounts 03 Core Coverages and Services 04 Specialty Coverages 07 Industry Practices 08 Claims 08 Technology 09 Service 09 Middle Market

More information

Transportation Casualty

Transportation Casualty Transportation Casualty From airlines and mass transit to railroads and trucking companies of all sizes, AIG provides admitted and non-admitted insurance programs for a full spectrum of transportation

More information

Insurance for Energy Risks H Braun and L L Lai

Insurance for Energy Risks H Braun and L L Lai Insurance for Energy Risks H Braun and L L Lai 1) Areas Covered Energy Sector Categories Insurance Objectives Risk Categories Insurable Risks Options for Identified Risks Role of the Insurance Sector Insurers

More information

THE WILLIS LAW FIRM PRACTICE

THE WILLIS LAW FIRM PRACTICE THE WILLIS LAW FIRM PRACTICE There are few professions more demanding than the practice of law. Law firms will tell you that they have zero tolerance for mistakes. Managing risks at law firms requires

More information

leisure industry PraCTiCe GrouP

leisure industry PraCTiCe GrouP leisure industry PraCTiCe GrouP PerCePTual risk MaPPinG GloBal MarKeTs international Willis will provide you with valuable solutions and execute these in a timely process wherever your business or your

More information

Specialized Insurance. Unmatched Expertise.

Specialized Insurance. Unmatched Expertise. Specialized Insurance. Unmatched Expertise. The General Insurance Group is the largest business segment within the Old Republic Insurance Group and specializes in the property & casualty marketplace. Who

More information

ACE Renewable Energy

ACE Renewable Energy ACE Renewable Energy Powering Insurance Solutions ACE Renewable Energy A Leading Provider of Insurance for Renewable Energy Production ACE USA specializes in Renewable Energy insurance solutions for diverse

More information

Insurance Industry Expertise

Insurance Industry Expertise Insurance Industry Expertise Delivered With High-Level Attention and Service Audit Tax Advisory Risk Performance The Unique Alternative to the Big Four For more than 50 years, clients in all sectors of

More information

ENERGY INSURANCE SOLUTIONS FOR THE OIL AND GAS INDUSTRY

ENERGY INSURANCE SOLUTIONS FOR THE OIL AND GAS INDUSTRY ENERGY INSURANCE SOLUTIONS FOR THE OIL AND GAS INDUSTRY ACE USA offers a full spectrum of insurance products designed to meet the needs of the oil and gas industry. We recognize the increasing demands

More information

Aon Risk Solutions. Trucking Practice. Specialized Services for the Nation s Road Transportation Industry. Risk. Reinsurance. Human Resources.

Aon Risk Solutions. Trucking Practice. Specialized Services for the Nation s Road Transportation Industry. Risk. Reinsurance. Human Resources. Aon Risk Solutions Trucking Practice Specialized Services for the Nation s Road Transportation Industry Risk. Reinsurance. Human Resources. 1 Solutions Designed to Address the Challenges in the Road Transportation

More information

Allianz Global Corporate & Specialty Hull and Machinery Insurance

Allianz Global Corporate & Specialty Hull and Machinery Insurance Allianz Global Corporate & Specialty Hull and Machinery Insurance Comprehensive cover, flexible solutions Allianz Global Corporate & Specialty at a glance Full range of products and services across the

More information

SPECIALIST INSURANCE SERVICES

SPECIALIST INSURANCE SERVICES SPECIALIST INSURANCE SERVICES energy WWW.PRICEFORBES.COM contents about us...5 our approach...6 five steps to service delivery...8 upstream & Mid-stream operations...13 downstream operations...14 claims...15

More information

BDO Consulting. Insurance Claim Services. Logo

BDO Consulting. Insurance Claim Services. Logo BDO Consulting Insurance Claim Services Business interruption and property damage claim preparation is our core business exclusively servicing policyholders. We utilize a comprehensive and detailed approach

More information

Manage Risk Worldwide

Manage Risk Worldwide Manage Risk Worldwide Zurich International Programs Corporate customers 2 At Zurich, we re proud of our ability to help protect businesses that operate internationally. For nearly 40 years, we have built

More information

Managing Risk in Mega-EPC Projects Where Do We Start?

Managing Risk in Mega-EPC Projects Where Do We Start? 42 24 29 N 20 15 50 E CIVIL GOVERNMENT SERVICES MINING & METALS OIL, GAS & CHEMICALS POWER Kosovo Motorway, Kosovo Managing Risk in Mega-EPC Projects Where Do We Start? What is Risk? Concept: Risk A risk

More information

October 2012. Your world, Insured.

October 2012. Your world, Insured. October 2012 Your world, Insured. Leading The Way We have established ourselves as a world leader in insurance by helping our partners and customers realize their plans for the future. With a long history,

More information

An ISO 9001 : 2008 Certified Company WINNING AND SUSTAINING CUSTOMER TRUST

An ISO 9001 : 2008 Certified Company WINNING AND SUSTAINING CUSTOMER TRUST An ISO 9001 : 2008 Certified Company WINNING AND SUSTAINING CUSTOMER TRUST. 15 YEARS OF INSURANCE BROKING WELCOME TO INDIA INSURE India s first Licensed Insurance Broker with a Team of 150 professionals

More information

ACTION ITEM EXECUTIVE SUMMARY

ACTION ITEM EXECUTIVE SUMMARY F6 Office of the President TO MEMBERS OF THE COMMITTEE ON FINANCE: For Meeting of ACTION ITEM FORMATION OF A CAPTIVE INSURANCE COMPANY EXECUTIVE SUMMARY As reported at the March 2012 meeting, the Chief

More information

Plan for risk, today and tomorrow

Plan for risk, today and tomorrow Think SUSTAINABILITY. Think Chubb. Plan for risk, today and tomorrow Entering new markets. Moving from R&D to commercialization. Addressing contractual requirements from investors, vendors, or partners.

More information

To Unbundle or Bundle: Is This Even the Most Important Question?

To Unbundle or Bundle: Is This Even the Most Important Question? May 2015 A PMA Companies Thought Leadership Publication Workers Compensation To Unbundle or Bundle: Is This Even the Most Important Question? Workers Compensation To Unbundle or Bundle: Is This Even the

More information

UK Healthcare Team RISK AND INSURANCE SOLUTIONS FOR THE HEALTHCARE INDUSTRY

UK Healthcare Team RISK AND INSURANCE SOLUTIONS FOR THE HEALTHCARE INDUSTRY UK Healthcare Team RISK AND INSURANCE SOLUTIONS FOR THE HEALTHCARE INDUSTRY Healthcare providers need a strategic partner with an in-depth understanding of the complexities of the healthcare industry.

More information

Allianz Global Corporate & Specialty Project Cargo

Allianz Global Corporate & Specialty Project Cargo Allianz Global Corporate & Specialty Project Cargo Managing risks and protecting assets Expertise Allianz Global Corporate & Specialty has assembled a highly skilled global team of Project Cargo underwriters

More information

G U E S T E S S A Y S

G U E S T E S S A Y S Comparing and Maximizing Performance Bond and Commercial General Liability Protections Frank L. Pohl, Esq. and James C. Washburn, Esq. Often when acting as the prime on a construction project, the design

More information

TECHNICAL & ENGINEERING INSURANCE ACE TECHNICAL LINES

TECHNICAL & ENGINEERING INSURANCE ACE TECHNICAL LINES TECHNICAL & ENGINEERING INSURANCE ACE TECHNICAL LINES Companies today are looking for an insurer who can cater for their whole range of technical or engineering insurance requirements, from machinery breakdown,

More information

GLOBAL SPECIALTY LINES GLOBAL EXPERTISE, DELIVERED LOCALLY.

GLOBAL SPECIALTY LINES GLOBAL EXPERTISE, DELIVERED LOCALLY. GLOBAL SPECIALTY LINES GLOBAL EXPERTISE, DELIVERED LOCALLY. 02 Global expertise, delivered locally. introducing rsa RSA is one of the world s leading multinational quoted insurance groups. The services

More information

Commercial Insurance >

Commercial Insurance > Commercial Insurance AIG Commercial Insurance combines one of the world s farthest reaching property casualty networks with our diversified, multichannel distribution network to offer our customers a broad

More information

JLT Mining. Utilising our expert knowledge of the mining industry and through understanding your individual business, JLT Mining can deliver:

JLT Mining. Utilising our expert knowledge of the mining industry and through understanding your individual business, JLT Mining can deliver: Mining Jardine Lloyd Thompson is one of the world s largest providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. JLT s client proposition is built

More information

- A Brokers Perspective

- A Brokers Perspective GEARING UP FOR A DE-TARIFF REGIME Strategies & Experiences in Managing Risk Transfers - A Brokers Perspective IFC, New Delhi August 22, 2006 Sanjay Kedia Content Market Overview Total Cost of Risk Components

More information

Delivering Clean Energy

Delivering Clean Energy Delivering Clean Energy Meeting Energy Needs Homes and businesses across the country depend on energy to support the economy and sustain a high quality of life. Yet there s also a responsibility to provide

More information

Aon Risk Solutions. Life Sciences Practice. Providing End-to-End Solutions for Life Sciences Companies. Risk. Reinsurance. Human Resources.

Aon Risk Solutions. Life Sciences Practice. Providing End-to-End Solutions for Life Sciences Companies. Risk. Reinsurance. Human Resources. Aon Risk Solutions Life Sciences Practice Providing End-to-End Solutions for Life Sciences Companies Risk. Reinsurance. Human Resources. 1 The Life Cycle Risk Continuum An overview of industry-specific

More information

Customized solutions for the Lawyers Professional market

Customized solutions for the Lawyers Professional market AGENT MATERIAL Hanover Professional Portfolio Customized solutions for the Lawyers Professional market HANOVER PROFESSIONAL PORTFOLIO Presenting a solid case for offering flexibility. For a select group

More information

Milliman Long-Term Care Services. Industry-Leading Actuarial Services for Long-Term Care Insurance Products

Milliman Long-Term Care Services. Industry-Leading Actuarial Services for Long-Term Care Insurance Products Industry-Leading Actuarial Services for Long-Term Care Insurance Products A Long-Term Commitment to Long-Term Care Whether you re entering the long-term care (LTC) insurance market for the first time or

More information

Zurich Captive Services. Help take care of your people and business together

Zurich Captive Services. Help take care of your people and business together Zurich Captive Services Help take care of your people and business together Zurich Captive Services Release the true value of your captive Captives have long helped large multinational companies to finance

More information

Property Insurance Market Report United States. Summary and Forecast Q1 14

Property Insurance Market Report United States. Summary and Forecast Q1 14 Property Insurance Market Report United States Summary and Forecast Q1 14 Property Summary Property underwriters enjoyed a profitable 2013 due to lower losses and higher rates, which followed two-plus

More information

Relationships. Understanding. Certainty. Your Best Insurance Policy

Relationships. Understanding. Certainty. Your Best Insurance Policy Relationships. Understanding. Certainty. Your Be Safeguarding our clients businesses as if they re our own. Your Be We believe that strong relationships allow for a deeper understanding of our Clients

More information

GALLAGHER FOOD & AGRIBUSINESS. Risk Management Solutions

GALLAGHER FOOD & AGRIBUSINESS. Risk Management Solutions GALLAGHER FOOD & AGRIBUSINESS Risk Management Solutions We have the food and agribusiness expertise you need; from field to fork. The Food and Agribusiness industries are vital to the viability and sustenance

More information

Zurich Public Sector Solution

Zurich Public Sector Solution Zurich Public Sector Solution Solutions for an Evolving Public Sector Managing risk for a Public Sector entity has taken on an unprecedented level of complexity. Consider for a moment the evolving risks

More information

Is a Captive Right for You? Case Studies

Is a Captive Right for You? Case Studies Is a Captive Right for You? Case Studies Designed By: www.drdacpa.com 1120 Bay Area Blvd 1011 Tremont Street Houston, Texas 77058 Galveston, Texas 77550 281.488.2022 409.765.9311 281.488.5864 (fax) 409.765.9393

More information

COMPENSATION GUIDE FOR US CLIENTS

COMPENSATION GUIDE FOR US CLIENTS COMPENSATION GUIDE FOR US CLIENTS ABOUT MARSH Marsh is a global leader in insurance broking and risk management. Marsh helps clients succeed by defining, designing, and delivering innovative industry-specific

More information

Glossary of Insurance Terms: (obtained from website: http://www.iii.org/individuals/glossary/alfa.l/)

Glossary of Insurance Terms: (obtained from website: http://www.iii.org/individuals/glossary/alfa.l/) Glossary of Insurance Terms: (obtained from website: http://www.iii.org/individuals/glossary/alfa.l/) ACTUAL CASH VALUE A form of insurance that pays damages equal to the replacement value of damaged property

More information

Business Plan template

Business Plan template template If you re considering establishing or purchasing a small business, it s important that you have a Business Plan. This plan will help provide you with an essential road map for your new business.

More information

Managing Risks and Optimising an Energy Portfolio with PLEXOS

Managing Risks and Optimising an Energy Portfolio with PLEXOS Managing Risks and Optimising an Energy Portfolio with PLEXOS Tom Forrest, B.Com. (Hons) Senior Power Market Consultant - Europe 1 Introduction Energy markets inherently exhibit far greater risk compared

More information

INSURANCE MARKETS AND RISK TRENDS IN 2014 JANUARY 2014

INSURANCE MARKETS AND RISK TRENDS IN 2014 JANUARY 2014 JANUARY 2014 UNITED STATES INSURANCE MARKET REPORT 2014 For a copy of Marsh s US Insurance Market Report 2014, please visit marsh.com or ask your Marsh representative. AVERAGE PROPERTY RATE CHANGES ALL

More information

Client Engagement and Compensation Guide

Client Engagement and Compensation Guide Aon Risk Solutions Client Engagement and Compensation Guide Risk. Reinsurance. Human Resources. Introduction The aim of this document is to provide a high-level summary of the work that Aon Risk Solutions

More information

Directors and Officers Liability Insurance Guidance and Advice for Risk Managers

Directors and Officers Liability Insurance Guidance and Advice for Risk Managers Directors and Officers Liability Insurance Guidance and Advice for Risk Managers The insurance market has responded to recent corporate failures by requiring more information from organisations seeking

More information

Protecting Your Credit Union

Protecting Your Credit Union Protecting Your Credit Union A More Strategic Approach 2013 As a credit union, you are strategic in everything you do. Shouldn t your approach to risk/insurance be the same? Why do you buy directors and

More information

ACCIDENT AND HEALTH YOUR PEOPLE

ACCIDENT AND HEALTH YOUR PEOPLE ACCIDENT AND HEALTH YOUR PEOPLE The human workforce is the single most important asset in any organisation: it is also the most vulnerable. Providing the best protection for your people against unexpected

More information

FINANCIAL SERVICES GUIDE

FINANCIAL SERVICES GUIDE FINANCIAL SERVICES GUIDE W0355AU (2014) WWW.WILLIS.COM.AU Willis Australia Limited ABN 90 000 321 237 AFS Licence No 240600 Date of Issue: 1 August 2014 Introduction This Financial Services Guide (FSG)

More information

Construction Webinar October 16, 2012. Stewart Roberts Claims Manager

Construction Webinar October 16, 2012. Stewart Roberts Claims Manager Construction Webinar October 16, 2012 Stewart Roberts Claims Manager CURIE Property Policy 4.3 PROPERTY EXCLUDED This policy does not apply to: a) motor vehicles licensed for regular highway use b) New

More information

Health Care Practice. An Integrated Approach to Meet the Financial and Risk-Related Needs of Health Care Organizations. Aon Risk Solutions

Health Care Practice. An Integrated Approach to Meet the Financial and Risk-Related Needs of Health Care Organizations. Aon Risk Solutions Aon Risk Solutions Health Care Practice An Integrated Approach to Meet the Financial and Risk-Related Needs of Health Care Organizations Risk. Reinsurance. Human Resources. Empower Results 1. Solutions

More information

Michael Gaudet 2015 PHC 7/23/2015. Key Broker Challenges

Michael Gaudet 2015 PHC 7/23/2015. Key Broker Challenges Cyber 2015: The Market, Choosing Coverages and AEGIS Update Broker s Perspective Michael Gaudet Marsh FINPRO Energy, Power & Utility Industry Leader Marsh USA, Inc. Key Broker Challenges Coverage consistency

More information

Predictive Analytics. Helping you uncover valuable insights and develop effective business strategies

Predictive Analytics. Helping you uncover valuable insights and develop effective business strategies Predictive Analytics Helping you uncover valuable insights and develop effective business strategies Predictive Analytics Helping you uncover valuable insights and develop effective business strategies.

More information

Executive Liability Insurance

Executive Liability Insurance Aon Risk Solutions Financial Services Group Life Sciences Industry Practice Executive Liability Insurance Solutions from Experts in the Life Sciences Industry Challenges on the Rise for Life Sciences Companies

More information

Commercial Property Construction Property and Civil Works War, Terrorism and Political Violence

Commercial Property Construction Property and Civil Works War, Terrorism and Political Violence Commercial Property Construction Property and Civil Works War, Terrorism and Political Violence Commercial Property Product updates Increased capacity: up to $10M (inclusive of full CAT), available on

More information

Group Insurance. South Bay Risk Management. Alan Virgil. DWEA Group Insurance Webinar May 9 th, 2012

Group Insurance. South Bay Risk Management. Alan Virgil. DWEA Group Insurance Webinar May 9 th, 2012 Group Insurance Alan Virgil South Bay Risk Management DWEA Group Insurance Webinar May 9 th, 2012 Casualty-Property Group Insurance Program Goal: To build a sizeable premium base within the renewable energy

More information

So, What Exactly is Risk Management?

So, What Exactly is Risk Management? So, What Exactly is Risk Management? By Paul Wielgus, Managing Director, GDS Associates, Inc. Buyers, sellers, and others in the energy business need to understand the risks in this very uncertain environment

More information

Allianz Global Corporate & Specialty Global Energy

Allianz Global Corporate & Specialty Global Energy Allianz Global Corporate & Specialty Global Energy Insurance and risk consulting for the energy industry Allianz Global Corporate & Specialty Creatively addressing the risks and challenges energy businesses

More information

Renewable Energy Insurance When You Need Specialist Advice

Renewable Energy Insurance When You Need Specialist Advice Renewable Energy Insurance When You Need Specialist Advice The Renewable Energy Industry is diverse and fast evolving, however, with advances in technology comes new risk. Insurance for the renewables

More information

Global Property Construction

Global 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 information

Relationships. Understanding. Certainty. Your Best Insurance Policy

Relationships. Understanding. Certainty. Your Best Insurance Policy Relationships. Understanding. Certainty. Your Best Safeguarding our clients businesses as if they re our own. We believe that strong relationships allow for a deeper understanding of our Clients businesses

More information

GLOBAL CONSTRUCTION: INTERNATIONAL OPPORTUNITIES, LOCAL RISKS

GLOBAL CONSTRUCTION: INTERNATIONAL OPPORTUNITIES, LOCAL RISKS GLOBAL CONSTRUCTION: INTERNATIONAL OPPORTUNITIES, LOCAL RISKS BUILDING A MULTINATIONAL INSURANCE PROGRAM FOR CONTRACTORS Geoffrey Hall, William Hazelton and Bryan Tedford GLOBAL CONSTRUCTION: INTERNATIONAL

More information

Protecting Your Credit Union

Protecting Your Credit Union Protecting Your Credit Union A More Strategic Approach Fall 2011 As a credit union, you are strategic in everything you do. Shouldn t your approach to risk/insurance be the same? Why do you buy directors

More information

Principal risks and uncertainties

Principal risks and uncertainties Principal risks and uncertainties Our risk management approach We have a well-established risk management methodology which we use throughout the business to allow us to identify and manage the principal

More information

CCI s Insurance & Risk Management program for the Hotel & Hospitality Industry

CCI s Insurance & Risk Management program for the Hotel & Hospitality Industry CCI s Insurance & Risk Management program for the Hotel & Hospitality Industry Knowledge of Your Business: We understand your issues from development to operations. All Types of Hospitality Clients: These

More information

Litigation, Regulation and Risk. Storm Clouds Ahead: Climate Change And the Insurance Industry

Litigation, Regulation and Risk. Storm Clouds Ahead: Climate Change And the Insurance Industry Climate Change Litigation, Regulation and Risk A T H O M S O N R E U T E R S / W E S T R E P O R T Storm Clouds Ahead: Climate Change And the Insurance Industry By Paul E. Gutermann, Esq. of Akin Gump

More information

AIG Property Casualty

AIG Property Casualty AIG Property Casualty One Of The Few Truly Global Property Casualty Insurance Organizations We have established ourselves as a worldwide market leader in property casualty insurance we look to tomorrow

More information

Understanding the Mysteries of International Risk and Insurance. Theresa Ulbricht, CPCU George Corde, CPCU Marcia Reynolds, CPCU

Understanding the Mysteries of International Risk and Insurance. Theresa Ulbricht, CPCU George Corde, CPCU Marcia Reynolds, CPCU Understanding the Mysteries of International Risk and Insurance Theresa Ulbricht, CPCU George Corde, CPCU Marcia Reynolds, CPCU Agenda Risk Management Overview The World Vision Organization International

More information

Actuarial services that enhance performance. Insurance PRECISE. PROVEN. PERFORMANCE.

Actuarial services that enhance performance. Insurance PRECISE. PROVEN. PERFORMANCE. Actuarial services that enhance performance Insurance PRECISE. PROVEN. PERFORMANCE. Today s challenges, tomorrow s opportunities In today s ever changing insurance market, companies face more stringent

More information

Commercial insurance: cyclicality and opportunity on the road to 2020 January 2016

Commercial insurance: cyclicality and opportunity on the road to 2020 January 2016 www.pwc.com/us/insurance Commercial insurance: cyclicality and opportunity on the road to 2020 January 2016 2 top issues Commercial insurance: cyclicality and opportunity on the road to 2020 Beyond the

More information

energy JLT Specialty Limited Demand Different

energy JLT Specialty Limited Demand Different energy JLT Specialty Limited Demand Different JLT Specialty Limited Putting clients first JLT Specialty s Energy Division is recognised as a leading energy broker worldwide. In 2012, JLT Group placed more

More information

ACE Advantage Contrators Solutions

ACE Advantage Contrators Solutions ACE Advantage Contrators Solutions ACE ADVANTAGE CONTRACTORS SOLUTIONS Table of Contents Introduction 3 Builders Risk 4 Casualty Coverage 6 Umbrella s / Excess Liability 8 Contractors Pollution Liability

More information

#21 MEMORANDUM PERSONNEL DEPARTMENT

#21 MEMORANDUM PERSONNEL DEPARTMENT To: John C. Phillips, City Manager #21 MEMORANDUM PERSONNEL DEPARTMENT Subject: Liability Insurance Program for 2007/2008 Date: April 19, 2007 The City of Rock Island is entering its thirteenth year of

More information

12/14/2015 HOT TOPICS IN MULTI-USE BUILDINGS: INSURANCE, CONSTRUCTION AND DEVELOPMENT INTRODUCTION AND OVERVIEW

12/14/2015 HOT TOPICS IN MULTI-USE BUILDINGS: INSURANCE, CONSTRUCTION AND DEVELOPMENT INTRODUCTION AND OVERVIEW HOT TOPICS IN MULTI-USE BUILDINGS: INSURANCE, CONSTRUCTION AND DEVELOPMENT Philip K. Glick, CPCU, RPLU Two Liberty Place 50 S. 16 th Street, Suite 3600 Philadelphia, PA 19102 P: 267-702-1374 C: 610-551-4734

More information

HOT TOPICS IN MULTI-USE BUILDINGS: INSURANCE, CONSTRUCTION AND DEVELOPMENT

HOT TOPICS IN MULTI-USE BUILDINGS: INSURANCE, CONSTRUCTION AND DEVELOPMENT HOT TOPICS IN MULTI-USE BUILDINGS: INSURANCE, CONSTRUCTION AND DEVELOPMENT Philip K. Glick, CPCU, RPLU Two Liberty Place 50 S. 16 th Street, Suite 3600 Philadelphia, PA 19102 P: 267-702-1374 C: 610-551-4734

More information

From idea through installation, The Hartford provides comprehensive solutions to renewable energy companies. Prepare. Protect. Prevail.

From idea through installation, The Hartford provides comprehensive solutions to renewable energy companies. Prepare. Protect. Prevail. TECHNOLOGY & LIFE SCIENCE PRACTICE RENEWABLE ENERGY From idea through installation, The Hartford provides comprehensive solutions to renewable energy companies. Business Insurance Employee Benefits Auto

More information

Dedicated to the insurance needs of the oil and gas industry

Dedicated to the insurance needs of the oil and gas industry Dedicated to the insurance needs of the oil and gas industry The strength and expertise to deliver Just as the Lucas geyser marked the birth of the modern petroleum industry in 1901, Travelers is widely

More information

Our specialist insurance services for Property risks

Our specialist insurance services for Property risks Our specialist insurance services for Property risks About Us 1 Our Service 2 Manufacturing and Process Industries 3 Airports and Ports 4 Agricultural Industries 5 Hi-tech and Bio-tech 6 Heavy Metal Industries

More information

Please comply with the Lean Construction Institute s Usage Policies and Attribution Guidelines at http://www.leanconstruction.org/usage.

Please comply with the Lean Construction Institute s Usage Policies and Attribution Guidelines at http://www.leanconstruction.org/usage. Please comply with the Lean Construction Institute s Usage Policies and Attribution Guidelines at http://www.leanconstruction.org/usage.pdf when using this file. Thank you. James Evans, Albert Risk Management

More information

Page 1. Private Client Services

Page 1. Private Client Services Page 1 Private Client Services Frank Crystal & Company Private Client Services Presented to: Wealth Protection Workshop San Francisco, CA October 9, 2009 Presented by: Mary Gust Managing Director Frank

More information

ZURICH MULTINATIONAL INSURANCE APPLICATION

ZURICH MULTINATIONAL INSURANCE APPLICATION ZURICH MULTINATIONAL INSURANCE APPLICATION Helping you take control in a constantly changing regulatory world Corporate Customer ZURICH MIA BROADENING HORIZONS Zurich Multinational Insurance Application

More information

Milliman Life Insurance & Financial Services

Milliman Life Insurance & Financial Services About Milliman For more than 60 years, Milliman has pioneered business solutions and strategies worldwide. One of the world s largest independent actuarial and consulting firms, we are recognized leaders

More information

INSURANCE. Adding lasting to success. That s the intelligent enterprise

INSURANCE. Adding lasting to success. That s the intelligent enterprise INSURANCE Adding lasting to success. That s the intelligent enterprise Economic turmoil doesn t have to mean financial setback. Forward-looking insurance companies continue to grow, despite the current

More information

Private Equity Update

Private Equity Update December 21, 2005 Private Equity Update An informational newsletter from Goodwin Procter s Private Equity Group Must Know D&O: Answers to 10 Common Questions About Portfolio Company D&O Insurance Directors

More information

TRANSFORMING INFORMATION INTO INTELLIGENCE

TRANSFORMING INFORMATION INTO INTELLIGENCE TRANSFORMING INFORMATION INTO INTELLIGENCE Welcome to FactSet FactSet consolidates all the tools you need to monitor global markets, public and private companies, and equity and fixed income portfolios

More information