PROJECT FINANCE UNDERWRITING
Invictus Risk Solutions LLP is a UK-based multi award-winning Risk Management Consultant for which Project finance is a specialist area. Our insurance ‘wrap’ is constructed with interlinked, A+-rated corporate London, global market and Lloyds of London backed policies reinforcing the investor’s own due diligence, and the peace of mind any project investor will be looking for.
Most project financings are led with private debt which provides the long-term returns/income that private investors seek. By deploying the Invictus ‘wrap’ into the financing, the private debt element is protected and can be regarded in the same light as mainstream fixed-income assets, subject to the completion of the proposal documentation and the formal acceptance of the risk by the panel of preferred Underwriters:
- All market sectors
- All deal values
- Across six continents
- Set-up fee (usually between £10,000 and £30,000) paid in advance by the client. This insures time allocated by A+-rated underwriters worldwide on preparing all aspects of the Wrap in the event the transaction fails to move forward for whatever reason.
We work closely with PFX as their rigorous Intake Process provides all or most of the supporting information and documentation required for the project to qualify for our insurance ‘wrap’.
The ability of any business model to generate revenue for its chosen funding partners is the single most important aspect of the investment and loan consideration. The purpose of the Invictus insurance suite is to protect the investment/loan and to support the future operational success by identifying and removing all known and unexpected risks vis-a-vis the following elements that may impact a proposed project and its assets:
- Management Liability (EL PL/D&O/PI/Crime/Office, etc.)
- Construction and installation
- Property & Casualty
- Trade Credit and Political Risk
- Contract Performance Bonds and Surety elements
- Advanced Loss of Profit, Business Interruption and Delay in Start Up
Subject to insurance due diligence declarations and evidence of an offer of funding, we are ready and able to execute a suite of insurance solutions that will securitise a project through a suite of policies.
The “insurance wrap” will be offered by a preferred panel of specialist "A" rated Underwriters. The Underwriters operate out of the London and Global insurance markets with the appetite, capacity, experience, knowledge, licence and reinsurance to identify and remove all known and unexpected risks from a proposed project, to mitigate potential losses and to settle claims.
The Underwriters are all “A” Investment Grade Credit Rated as evidenced by AM Best, Fitch, Moody’s and Standard & Poor’s which independently attest to their financial strength, contract certainty, secured claim settlement and stability. By the very nature of the inception, contract certainty and securitisation afforded by the proposed “insurance wrap”, the Underwriters’ Investment Grade Credit Rating of “A” will automatically transfer across to the proposed project.
If a funder has a preferred underwriter with whom they wish to engage, Invictus will work to accommodate this. In addition, if the funder wishes to pursue an alternative insurance product known to them, this too will be positively reviewed upon receipt of a copy of the schedule and wording, with the previous client details redacted. Thereafter, Invictus will work with the funder to source and secure a meaningful alternative or replicant.
Please e-mail a summary of the project including deal value, market sector and country to: