Infrastructure development is a powerful force in today’s global economy. Hundreds of billions of dollars are being spent every year repairing, replacing, and building new capabilities for transportation, power, ports, terminals, and energy. And governments are looking to the private sector to help finance that investment. Meanwhile, other stakeholders — developers, contractors, banks, accounting and law firms, consultants, and others — play important roles in the infrastructure lifecycle.
As an insurance broker and risk advisor that is part of the global infrastructure ecosystem, Marsh understands the nuances of risk in infrastructure project financing. Our global team is uniquely positioned to discuss strategies and solutions that reduce the volatility of infrastructure initiatives, help make risk allocation decisions, and make projects bankable.
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 insights necessary to manage changing risks.
By helping manage inherent risks in projects and investments, our global team can help preserve asset value, reduce revenue-stream volatility, redeploy capital more effectively — and create new business and investment opportunities.
Public Entities
For federal, state, and local governments, the focus is on providing clear economic justification and an investment rationale for each project — while demonstrating public responsibility and accountability to protect both short- and long-term interests of taxpayers. In addition to value for money, value at risk is a key factor, as public entities 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.
Investors
The ability to identify, quantify, allocate and manage risk, both insurable and uninsurable, 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 as well as public/private partnership bid vehicles, Marsh provides the confidence to successfully meet investment objectives. We help you gain a competitive edge while protecting investors’ interests. In addition, we help clients satisfy the contractual requirements of capital providers and governmental counterparties by understanding inherent risks over the lifecycle of greenfield projects and operational infrastructure assets.
Lenders
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, analyzed, 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 make projects bankable, while fulfilling sole duty-of-care to lenders.
Contractors
Marsh delivers practical, innovative, capital-efficient solutions that help generate yield and margin growth for our clients. We define, design, and deliver these solutions by collaborating with clients on their strategies for deploying capital on project and enterprise risk.
Marsh provides this service to more than 1,200 construction clients around the globe, making us the world’s leading broker for placements of construction insurance and surety premiums.
Professional Service Providers
Marsh is recognized as one of the foremost insurance brokers and advisers for project-specific professional liability coverage for all types of infrastructure projects.
Marsh works with construction professionals (whether consulting firms or design/build contractors) and project owners to develop bespoke professional liability insurance. These solutions help protect owners' invesments by providing adequate protection to the construction professionals against their potential liability arising from professional errors and omissions.