infrastructure News

Cobalt Becomes Insurer of Preference for Major UK Infrastructure Project

Shariah-compliant managing general agent Cobalt Underwriting has been selected as the insurer of preference for the proposed London Paramount Entertainment Resort in Kent, England. Valued at £3 billion ($4.6 billion), the Paramount Studios-backed project is set to transform the Swanscombe …

Swiss Re to Expand Infrastructure Investments: Chief Investment Officer

Swiss Re AG Chief Investment Officer Guido Fuerer said the world’s second-biggest reinsurer would invest as much as 5 percent of its funds in infrastructure if securities used to fund projects were more easily tradeable. “The fact that we have invested …

California Lawmaker Proposes Annual $52 Fee For Road Repairs

Most California drivers would pay an extra $52 a year under a proposal to raise $2 billion a year to fix the state’s crumbling roads, bridges and highways. Assembly Speaker Toni Atkins’ proposal released Wednesday didn’t spell out how the …

California Drivers Lose $44B Over Worn-Out Roads Cost, Report Says

California’s worn-out, congested roads and bridges are costing drivers $44 billion a year, a report released today shows. Higher vehicle operating costs, congestion-related delays and traffic accidents cost $2,458 per driver in Los Angeles, according to the report released by …

GFIA Supports Business 20 Initiatives to Promote Economic Growth, Stability

The Global Federation of Insurance Associations (GFIA) has issued a bulletin noting the organizations support for the “recommendations made by the Business 20 (B20) group on how private sector activity and investment can help the Australian G20 Presidency meet the …

Swiss Re to Invest $500 Million in Europe Infrastructure Debt through Macquarie

Swiss Re announced that it will engage in long-term financing of infrastructure businesses and assets, and has committed an initial US$500 million for investments in senior secured debt of infrastructure businesses and assets located primarily in northern Europe. “Institutional investment …

Willis Germany to Present Photovoltaic Cover at Solar Energy Conference

Willis Germany, part of Willis Group Holdings, announced that it will be demonstrating the special features of “Willis Electronic Plus,” at the 27th European Photovoltaic Solar Energy Conference and Exhibition in Frankfurt on September 25-28. Willis described it as “an …

Aon Appoints Head Broker for Construction, Power, Infrastructure in Singapore

Aon Risk Solutions, the global risk management business of Aon Corp., has appointed Nicki Tilney as head broker of construction, power and infrastructure for Aon’s Global Broking Center (GBC) in Singapore, one of Aon’s hubs for insurance placement. She joins …