Equity Risk Partners (ERP) has launched a new practice unit — the Infrastructure and Privatization Group.
ERP, a full service insurance brokerage and risk management consulting firm, based in San Francisco, focuses exclusively on the needs of the private equity industry. The firm says development of the new practice is in response to the tremendous allocation of capital by private equity firms to infrastructure and privatization projects. The new practice helps to position the firm for the expected influx of infrastructure and mixed-use development that will result from the impending economic recovery, the firm’s leaders say.
“With billions of dollars dedicated to future infrastructure improvements combined with the trend towards privatization, we are expecting rapid growth in these areas as the economy rebounds,” said Michael Marcon, CEO, Equity Risk Partners.
To head the new operation, ERP has brought in industry veteran Peter French. French has decades of experience in large scale construction and infrastructure insurance. He comes to Equity Risk Partners from Willis HRH, where he served as the national practice leader for HRH’s construction practice. Prior to his time with Willis Group, French held a variety of senior-level positions with Marsh in the Denver, San Francisco, Los Angeles and San Diego offices, mastering the insurance business from all angles.
Based in Equity Risk Partners’ San Francisco headquarters, the Infrastructure and Privatization Group will serve private equity clients and their portfolio companies around the world. The Infrastructure and Privatization Group expands upon Equity Risk Partners’ existing practice areas, which include due diligence, employee benefits, property/casualty, personal risk management, risk management consulting, transactional products, services and trade credit/political risk.
Source: Equity Risk Partners,