Project Finance

Kingsbridge provides due diligence advice to lending institutions on the insurance aspects of limited and non-recourse financing arrangements.

We review the risks to the project and advise lenders on the insurance mechanisms required to access claims funds in the event of a serious loss. Typically, our work involves reviewing insurance programme documentation provided by broker or insurer, to report upon:

• Whether the terms and conditions comply with minimum insurance requirements required by the loan agreement
• Whether clauses have been included in the policy which protect lenders’ interests e.g: non-vitiation
• Execution of assignments of insurance and / or reinsurance
• The financial rating strength of the subscribing insurers and / or reinsurers

Employing our in-depth knowledge of the insurance market, we further advise lenders on changes to market terms and conditions which could affect the commercial availability of insurance cover required by the loan agreement.