PRZOOM - /newswire/ -
London, United Kingdom, 2008/07/18 - A collaborative approach to risk by contractors, brokers, owners and insurers has helped secure the long-term viability of tunnelling schemes around the world.
At least, that was the consensus of delegates, who included engineers, lawyers, contractors and owners, at a seminar hosted by Jardine Lloyd Thompson, the leading specialist broker and risk consultant, yesterday.
“In the past 10 years tunnelling risks have been better analysed and there is evidence that standards of risk management on tunnelling has improved. The significant cooperation that has taken place between insurers, clients, engineers and brokers has assisted in ensuring the availability of insurance for these major projects", said Darrell Corner, Consultant Jardine Lloyd Thompson. "It's been the continuity of the available insurance that has allowed many of the major infrastructure projects around the world to proceed.”
Key conclusions from the seminar include:
• A collaborative approach that works towards a collective set of goals, is key to the success of future tunnelling schemes.
• Minimising tunnelling risk doesn’t mean an increase in costs.
A newsletter is being produced to capture the key elements of the discussion and the event was recorded and will be available as a webcast. To register to receive the newsletter or to view the webcast when available, please visit the Jardine Lloyd Thompson Group website.
Jardine Lloyd Thompson Limited - Construction
With a twenty-year heritage, the construction division at JLT Limited is recognised as the largest manager of global construction risk, placing in excess of £275m in construction insurance premiums, annually. We have a team of over 120 construction insurance professionals managing global construction risks and they have a reputation for excellence, built on knowledge and performance. This makes us the partner of choice for some of the world's major construction projects, leading UK and European contractors and PFI/PPP projects.
Members of our team are industry experts on tunnelling and have had involvement on infrastructure and power projects in 38 countries on all continents. These projects include; Taiwan High Speed, Rail Link, Singapore Metro, DLR Woolwich Arsenal Extension, Malmö Citytunnel Rail Link, Copenhagen Metro and Deep Tunnel Sewerage System, Singapore.