Infrastructure development is a powerful force in today’s global economy. Hundreds of billions of dollars are being spent every year maintaining, repairing, replacing, and building new capabilities for transportation, power, ports, terminals, and energy. Governments are looking to the private sector to help finance that investment.
Our Infrastructure Practice understands the divergent risk tolerance of the public sector, equity investors, lenders, and the construction sector, and can assist you in managing, reducing and mitigating risk in your projects and investments through the preservation of asset value, reduced volatility of revenue streams, and redeployment of capital.
Our approach focuses on lifecycle risk. As the challenges and risk profiles of stakeholders change throughout a project – from development through planning, design, construction, and operations – we provide the insights necessary to manage changing risks.
Through collaboration with other Marsh industry practices, we can provide you with solutions tailored specifically to the development of projects in power (carbon, nuclear, and renewables), transportation (high-speed rail, airports, roads, bridges, tunnels, and ports and terminals), utilities (electricity, gas, and water), energy (oil and gas – including refining, transportation, and storage), and social infrastructure (hospitals, schools, and accommodation).
For public entities, the focus is on providing clear economic justification and an investment rationale for each project, while demonstrating public responsibility and accountability to protect both the short- and long-term interests of taxpayers. In addition to value for money, value at risk is a key factor, as publicentities are increasingly pressured to avoid cost and delay overruns.
Marsh can help governments and other public sector agencies in the project risk management process. Our differentiator: asset class and project-specific risk allocation and quantification.
The ability to identify, quantify, allocate, and manage insurable and uninsurable risk influences an equity investor’s potential to formulate a winning bid. It can also provide the protections and return on investment demanded by your management team, investors, lenders, governing bodies, insurers, and the owner.
For financial and strategic investors, including dedicated infrastructure and private equity funds, direct investing pension and sovereign funds, as well as public/private partnership bid vehicles, Marsh provides the confidence to help successfully meet investment objectives. We help you gain a competitive edge while protecting your investors’ interests. In addition, we help you satisfy the contractual requirements of capital providers and governmental counterparties by understanding inherent risks over the lifecycle of greenfield projects and operational infrastructure assets.
Before agreeing to finance an infrastructure development project or operational asset, debt providers need to be assured that all project risks associated with the venture have been identified, analysed, and effectively controlled or transferred.
Working with project parties – legal, financial, and technical advisers, sponsors’ insurance brokers, and others – Marsh’s lender insurance advisory team applies technical knowledge and experience to help you make projects bankable, while fulfilling your duty-of-care to lenders.
We deliver practical, innovative, capital-efficient solutions to help you generate yield and margin growth. We define, design, and deliver these solutions by collaborating with you on your strategies for deploying capital on project and enterprise risk.
Marsh is recognised as one of the foremost insurance agencies, brokers and advisers for specialist project-specific professional liability coverage for all types of infrastructure projects.
We work with construction professionals (whether these be consulting firms or design/build contractors) and project owners to develop bespoke professional liability insurance solutions, which could enhance the financial security for the owner's investment and provide adequate protection to the construction professionals against any potential liability arising from professional errors and omissions.
Some services and insurance products may not be available in Japan. Please contact our office for details.