We were commissioned to undertake an insurance market resurvey and engineering report to support a clients’ multi-million insurance programme placement in the International Market. We also helped the client achieve a better understanding of the industrial projects and risk exposures with which they are involved.
The Project, which took place over 7 days covered:
- one international airport
- one local airport
- two main cargo handling ports with cargo sheds
- one cruise liner port and shopping malls
- a ferry terminal, several jetties
- lighthouse facilities
- radio communications and radar facilities, and
- port head offices within the Group.
The Authority handles approximately 600,000 tonnes of cargo, facilitates over 800,000 travellers, safely lands 40,000 aircraft and berths over 1000 vessels per year.
The Project Report covered insurable perils of commercial property, boiler and machinery, natural catastrophes such as fire, windstorm, flood, earthquake, and business interruption. This led to a number of recommendations which were accepted by the client and improved the placing prospect of the risk.
As part of our standard operating procedures, our consultant Mark Hutchinson has a B-1 US visa. B-1 visas are nonimmigrant visas for persons traveling to the United States temporarily to engage in business activities such as the negotiation of contracts, consultation with business associates, litigation, and participation in scientific, educational, professional or business conventions, conferences or seminars and other legitimate activities of a commercial or professional nature.