Aon Risk Services Inc. has been appointed by World Trade Center Properties LLC, an affiliate of Silverstein Properties Inc., as broker for insurance coverage related to the construction of the Freedom Tower in Lower Manhattan.
The Freedom Tower is the 1,776 foot-tall building that will serve as the new soaring icon of the World Trade Center site. The July 4, 2004, groundbreaking ceremony marked the start of construction on what will be one of the world’s tallest and greenest buildings. As with every building at the site, it will reportedly incorporate the highest standards of architectural design, life- safety, environmental sustainability and technology. As envisioned in the master plan, construction will be completed in 2009.
Patrick Ryan, chairman and CEO, Aon Corporation, said, “We are delighted to be working with the Silverstein team on a project that is so important to the people of New York and the Lower Manhattan business community.”
“We are making great progress on one of the most important projects in New York City history,” said Larry Silverstein, president and CEO of Silverstein Properties. “Aon is a welcome part of the team that is carrying on such important work.”
Aon Risk Services Inc., the risk management and insurance brokerage division of Aon Corporation, will arrange coverage for the construction as well as related risks, including builders’ risk, general and excess liability, and workers’ compensation.
Tanenbaum-Harber Co., Inc. serves as insurance consultant to World Trade Center Properties LLC.
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