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| The Company: A luxury high-rise condominium project located in Mexico. The Challenge: The company required a single Property & Casualty insurance program that covered all interests and contractors. The Equity Risk Global Partners Solution: A Course of Construction policy was put into place to cover all property including contractors' tools and equipment. Also, a Wrap Up approach was taken on the General Liability for all parties involved. Coverage was placed for vacant land before construction began. The company required a subscription approach because a single underwriter could not handle the entire risk. |
The Company: An architectural and engineering design firm based in Munich, Germany. The Challenge: The company won a tender for the design of a new parking structure at Athens International Airport (AIA). As the leader of a consortium consisting of 19 firms mostly based in Greece, a project-specific PI policy had to be placed locally in Greece. The Equity Risk Global Partners Solution: After consolidating requirements of the project owner (AIA) and tailoring them to the specifics of the consortium leader and the 19 participating Greek firms, a special policy was placed in the Greek market that was joined to the master policy of the German leader, allowing them to benefit from the higher limits of the master policy as well as using it to obtain preferential rating. |