Infrastructure & Project Finance

Working for major international companies as well as locally based operators and contractors. Our team act on behalf of all key stakeholders, including project owners and sponsors, contractors, special purpose companies, banks, engineers, governments and public authorities, whom we support through the development of risk allocation and the marketing strategy, liaison with the project lenders, the design of policy wordings, the placing of the agreed programme, and managing ongoing servicing through development and operation.

We provide bespoke insurance cover for contractors and owner-controlled programmes across a range of industries including mining, energy, ports and terminals, power, renewables, and transport infrastructure.

Our highly experienced, specialist international development and construction team places and co-ordinates major construction and operating programmes across the globe.

Our approach means clients benefit from:

• A fully integrated and effective strategy to de-risk the project co-ordinated with in territory brokers and insurers and global insurance markets.
• A wide range of policies available including environmental risks, delay in start-up, pre-handover coverage (seamless construction to operational coverage), out-put performance coverage, terrorism /political risk.

In addition to providing independent advice and support on the full range of “standard” project and operational insurances Matrix offers access to a range of specialised, bespoke products that drive added value in financings and investments, including:

• Insuring the value of collateral used in debt funding
• Wrapping insurance-based principal protection coverage around alternative investment vehicles
• Managing complex commodity price risk exposures via a simple insurance policy structure

Higher-risk transactions can be properly defeased through underlying (re)insurance and provision of collateral. This cover is effectively financial engineering, bundling a range of risks and recoveries into a similarly clean package—creating “debtquity” via an insurance contract.

Additionally, Basel III compliant Non-payment insurance policies offered by A-rated insurance companies are a viable source of investment-grade, unfunded risk capacity, and risk protection for project finance lenders.

Matrix’s proprietary Non-Payment Insurance (NPI) coverage program is an innovative solution that can add substantial value to major project financings. Non-payment insurance features can include:

• 100% protection of debt, principal and interest
• More flexibility and protection compared with traditional risk distribution techniques
• Enhances project funders risk-bearing capacity
• Reduces borrower credit risk, country exposure relief and regulatory capital relief
• Reduces the cost of transactional finance

Policies are flexible in design and offer a range of durations, settlement processes and attachment points.