Insurance broker appointed for Christchurch anchor projects

Insurance broker Marsh Limited has been appointed by the Canterbury Earthquake Recovery Authority (CERA) to act as broker and risk consultant for the Christchurch CBD redevelopment 'anchor' projects being led by the New Zealand Government.

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

Christchurch Central Development Unit Director Warwick Isaacs explained "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."

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

Welcoming its appointment, Marsh New Zealand Executive Grant Milne stated "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."

http://www.cera.govt.nz