Willis

Governments are actively encouraging private companies to finance, construct and manage facilities on their behalf. As economies seek to improve public sector services while containing state expenditure, public private partnerships are gaining popularity throughout the world.

Willis provides a complete range of services and expertise in all aspects of private finance risk exposure, and has extensive experience in the following sectors:

• roads
• public buildings
• rail
• hospitals
• schools
• universities
• Ministry of Defence
• information technology
• local authorities
• trams
• oil and gas
• power
• waste to energy plants
• prisons
• water and sewage treatment plants
• pilot training facilities

Willis routinely acts for service providers, lenders and government departments and typical assignments include:

• insurance programme design and placement
• consultancy on behalf of service purchasers
• insurance due diligence consultancy on behalf of project financiers, bond underwriters and third party equity investors.

We provide advice and guidance relating to issues such as:

• insurance procurement strategy
• preparation of risk matrices
• contract review
• risk assessment
• insurance programme review
• contribution to risk allocation process
• drafting of project specific policy wordings
• input to contract clauses relating to insurance, force majeure, termination, extension of time and delay/relief events
• force majeure, liquidated damages, completion risks and efficacy coverage

Willis' private finance expertise, and international network enable us to tackle assignments anywhere in the world.