Established in 2001 the Zurich Infrastructure Unit is Zurich Insurance Group’s specialist team providing construction and operational phase insurance on a stand-alone basis or through multi-year, multi-class insurance programmes for UK and international project financed infrastructure projects procured on a PPP or similar basis.
We are the only London market insurer with a dedicated infrastructure & PPP team; we understand the industry, its contractual tensions and welcome complexity.
Our unit currently underwrites approximately 400 projects working in partnership with other Zurich departments to ensure that our Group knowledge and product line expertise is coordinated through a single team.
PPP/PFI and equivalent infrastructure projects often present a complex mix of construction and operational risks, for example; adopted assets and/or assets scheduled for refurbishment, new-build and multiple, often phased, completion dates at different locations. Coverage interface problems can be eliminated by the use of our multi-year, multi-line insurance programme whether wholly underwritten by Zurich or led by Zurich and subscribed to by a panel of co-insurers. We underwrite operational risks or operational risks in isolation or in combination with construction required.
Our specialist policy wording's incorporate financiers clauses and we have a preferred format that enjoys widespread market acceptance.