Outsourced Risk Management Advisory Services

An increasing number of companies are seeking professional risk management support and due diligence reviews of their insurance and / or reinsurance programmes.

Kingsbridge can provide various levels of outsourced support, for example:

• Assisting company Risk Management Departments whose personnel are overstretched on specific projects
• Assisting Treasury or Legal Departments who are responsible within the company for the insurance and risk management functions

The services we provide in this field are:

Insurance Programme Reviews

• Reviewing client's critical business risks, risk retention philosophy and main risk financing requirements
• Review of client's insurance programme documentation to ensure that the broker has arranged cover with no gaps or exclusion of perils which could cause serious financial loss
• Review and report on the financial rating of insurers and / or reinsurers involved in the insurance programme

Managing Broker Tenders

• Preparation of Invitation of Bid, detailing client requirements, selection criteria, underwriting information including estimated maximum loss scenarios
• Organising broker presentations to tender committee
• Evaluation of responses from bidders, report and recommendation to client
• Due diligence review of broker placing documents to ensure best available limits and conditions achieved
• Guidance to client on development of bespoke policy wordings

Insurance Adviser on Project Financed Risks

• Review Senior Debt Facility Agreements and Conditions Precedent
• Negotiating minimum insurance requirements with lenders to ensure client is compliant with insurance conditions of the Facility Agreement
• Review broker placing documents to ensure cover arranged in accordance with lenders’ minimum insurance requirements.
• Negotiating with lenders’ advisers the terms of Deeds of Assignment of Insurance and / or Reinsurance.
• Advising client on negotiating waivers from lenders of specific Finance Agreement conditions.

Mergers and Acquisitions

• Pre-acquisition insurance and risk management due diligence.