Expert Risk Strategy
Our team of specialists assist our clients with navigating risk strategy between all of the parties (project owner, contractors and/or lenders and/or others as applicable) and the resulting risk allocation philosophy. We also review the project, proposed risk and indemnity clauses that form part of the construction contracts.
Expert Risk Strategy
Through our specialist team collective wisdom we assist our client with:
- Collection, development and preparation of project underwriting information
- Provide the Project with the appropriate technical questionnaires.
- Engage with both the project owners and contractors on risk and insurance requirements so as to shorten and manage time constraints.
- Support and/or assist as necessary either the project team or contractors or both in the collection of and the relevant information.
- Ongoing risk analysis
Lenders Requirements
- Assist in the preparation of lenders’ requirements into the project insurance covers to the extent that they are available or alternatively find other risk mitigation measure.
- Prepare an Owners Insurance Report (OIR) for presentation to the Lenders – outlining the projects scope of work and intended insurance strategy to mitigate the perceived risks.
- Ensuring that the scope of insurance requirements under any project finance documents including any loan syndication documents are met based on proposed insurances put in place.
- Strategic advisory to lenders on available insurance and reinsurance coverage in the market.
- Assist the project in negotiations with lenders and their insurance advisors.
Other services:
- Policy Wording preparation
- Insurance and reinsurance strategy and market approach
- Placement and Administration
- Claims Servicing
- Continuing Project Support
- Transfer to Operational Insurances
Knight Mawere
Chief Operating Officer
Muroro Dziruni
Chief of Staff