Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Insurance broker appointed for anchor projects

25 February 2014

Insurance broker appointed for anchor projects

Insurance broker Marsh Limited has been appointed by the Canterbury Earthquake Recovery Authority (CERA) to act as broker and risk consultant for central city anchor projects the Crown is leading.

Marsh was selected from the pool of six parties that responded to a Request for Proposal for services for the Frame, the Avon River Precinct, the Convention Centre Precinct, the Metro Sports Facility, the Stadium and the Bus Interchange.

"We think there will be benefits to the Crown, and therefore the taxpayer, in a combined programme of contract works insurance across the anchor projects, rather than single insurances for each project under more traditional arrangements," says Christchurch Central Development Unit director Warwick Isaacs.

Among its responsibilities, Marsh will also be responsible for submitting and managing any claims relating to the projects.

Marsh New Zealand country head Grant Milne said: "Marsh is deeply committed to the rebuild in Christchurch, so are thrilled to be partnering with CERA to provide risk and insurance services for their anchor projects".

“Our objective is to provide CERA with risk and insurance solutions that provide the best coverage for what is required, yet is affordable at the same time. Our considerable local and global expertise in managing construction risks of many types and sizes will help us to do this."

www.cera.govt.nz

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Gordon Campbell: On Tiwai Point (And Saying “No” In Greece)

Its hard to see how Rio Tinto’s one month delay in announcing its intentions about the Tiwai Point aluminium smelter is a good sign for (a) the jobs of the workers affected or (b) for the New Zealand taxpayer. More>>

ALSO:

Half Empty: Dairy Product Prices Extend Slide To Six-Year Low

Dairy product prices continued their slide, paced by whole milk power, in the latest GlobalDairyTrade auction, weakening to the lowest level in six years. More>>

ALSO:

Copper Broadband: Regulator Set To Keep Chorus Pricing Largely Unchanged

The Commerce Commission looks likely to settle on a price close to its original decision on what telecommunications network operator Chorus can charge its customers, though it probably won’t backdate any update. More>>

ALSO:

Lower Levy For Safer Cars: ACC Backtracks On Safety Assessments

Dog and Lemon: “The ACC has based the entire levy system on a set of badly flawed data from Monash University. This Monash data is riddled with errors and false assumptions; that’s the real reason for the multiple mistakes in setting ACC levies.” More>>

ALSO:

Fast Track: TPP Negotiations Set To Accelerate, Groser Says

Negotiations for the Trans-Pacific Partnership will accelerate in July, with New Zealand officials working to stitch up a deal by the month's end, according to Trade Minister Tim Groser. More>>

ALSO:

Floods: Initial Assessment Of Economic Impact

Authorities around the region have compiled an initial impact assessment for the Ministry of Civil Defence, putting the estimated cost of flood recovery at around $120 million... this early estimate includes social, built, and economic costs to business, but doesn’t include costs to the rural sector. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news