Established in 2001, ZPPP is Zurich Insurance Group’s specialist PFI / PPP unit, providing construction and operational phase insurance on either a stand-alone basis or through multi-year, multi-class insurance programmes.
We are the only London market insurer with a dedicated PFI team. We understand the industry, understand the contractual tensions and welcome complexity.
We underwrite almost 250 projects and partner with other Zurich units to ensure that the Group knowledge is applied to our clients benefit.
PFI projects are often undertaken at several locations and involve: adopted and/or refurbished assets, new-build and multiple, often phased, completion dates. Coverage interface problems are eliminated by the use of our six section multi-year, multi-line policy whether wholly underwritten by Zurich or led by Zurich and subscribed to by a panel of insurers writing identical lines across the programme.
Sectors
We specialise in UK PFI / PPP and provide coverage for most sectors including;
- Healthcare
- Infrastructure
- Roads and Street Lighting
- Government and Public Buildings
- Schools, Colleges
- Police Stations, Fire Stations
- MoD assets
To view a full list of all sectors we cover click here » more
Our clients
We have a wide cross-section including: contractors, sponsors, financiers and secondary market investors.
Whilst we value and encourage direct client contact, all of our business is broker introduced to facilitate subscription placement in the London market. We act as lead insurer for the great majority of our policies but are able to write on a 100% retained or joint-lead basis as appropriate.
Portfolios
PFI portfolios need to be designed with flexibility to accommodate what is effectively an affinity group of projects with different shareholders and different needs. The portfolio will be expected to deliver value for money whilst allowing each project to stand on its own to the extent that the arrangements for each project must be capable of satisfying external due diligence.
The creation of a PFI/PPP portfolio entails more than the simple amalgamation of several policies.
| Construction all risks |
| Delay in start up |
| Construction Public Liability |
| Operational phase material damage |
| Operational risks business interruption |
| Operational activities Public / Products Liability |
| Surety bonds for PFI projects |
| Employers Liability |
| Directors & Officers Liability |
| Coverage for international PPP |
Risk Management
One of the benefits of writing both construction and operational risks is the opportunity it offers for our risk management input during the design and early construction phase. Certain assets, schools for example, are often more exposed during operation than during construction, whilst the reverse is the case for infrastructure projects such as roads and bridges. Our risk control engineers work closely together recognising that in-built risk protections are less expensive and more effective than ad hoc risk improvement works introduced after the asset has been built. Our construction risk control team includes qualified civil engineers who have contributed to guidance such as the code of practice for tunnelling works.
Find out more on the code of practice for tunnelling works here » more
Find out more about our school design guide here » more
Robert Tucker
Head of ZPPP
+44 (0) 20 7648 3305 |
Andy Bowles
Senior Underwriter
+44 (0) 20 7648 3307 |
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Michael Bush
Underwriting Assistant
+44 (0) 20 7648 3309 |
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