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Risk in Context Podcast: Enhancing project creditworthiness through insurance solutions

In this episode Marsh's leaders discuss the various credit risks that could derail a project, and the risk management actions and insurance solutions that can help improve a project’s creditworthiness.

14/01/2025 · 2 minute read

Large-scale projects, such as the development of renewable energy sites, require a comprehensive financing strategy. But a myriad of economic, regulatory, political, and other risks can impact the creditworthiness of these capital-intensive projects that often require significant upfront investments, contributing to difficulties securing the necessary financing.

A robust insurance programme can play a pivotal role in mitigating these risks. By providing coverage for a variety of potential setbacks, insurance can enhance the creditworthiness of projects, making these mega projects more attractive to investors and lenders. And by identifying and addressing potential risks early in the project lifecycle, stakeholders can enhance their negotiating position with lenders and investors to try and gain more favourable financing terms.

In this episode of Risk in Context, Angela Duca, Marsh’s Global Head of Credit Specialties, speaks with Stephen Kay, Global Infrastructure Business Development Leader, and Vincent Moy, International Surety Practice Leader. They discuss the various credit risks that could derail a project, and the risk management actions and insurance solutions that can help improve a project’s creditworthiness.

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Key takeaways

Identify risks early in the project lifecycle

Engaging risk specialists early in a project’s lifecycle can help identify and address emerging and evolving risks that could impact the project’s creditworthiness and can help secure adequate coverage to improve the project’s chances of success.

Continuously monitor performance and adapt

Implement processes that allow for continuous monitoring of your project’s performance and market conditions so that you can adapt risk management strategies in response to evolving challenges and opportunities.

Leverage insurance to improve project creditworthiness

Insurance can provide project owners and developers with the necessary coverage to protect against various risks, including political risks, non-payment, and performance issues, enhancing project stability and improving financing opportunities.

About our speakers

Angela Duca

Angela Duca

Global Head of Credit Specialties

  • United States

Angela Duca is Marsh’s Global Head of Credit Specialties and a member of Marsh’s global specialty executive committee. She is responsible for driving strategy, growth, client service, and innovation in Credit Specialties solutions worldwide. She joined Marsh in 2008 and previously served as Chief Administrative Officer for Credit Specialties, where she collaborated with leadership to establish and implement global strategies, contributing to the team's success and execution of key initiatives. In her more than 20 years in the insurance industry, she has provided solutions for property and casualty, multinational, specialty, and credit and political risk coverage across various sectors, including manufacturing, chemicals, services, and financial institutions.

Stephen Kay

Stephen Kay

Managing Director, Global Infrastructure BD Leader, Credit Specialties

  • United States

Stephen Kay is a managing director in Marsh Specialty’s Credit Specialties Practice and the Global Infrastructure Business Development Leader. His expertise includes political risk and structured credit products for banks, capital market investors, and corporates, including Basel II-compliant credit products.

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Vincent Moy

Managing Director, International Surety Leader

  • United States

Vincent Moy is Marsh Specialty’s International Surety Leader and a member of Marsh’s Credit Specialties executive committee. He manages the international surety business, leading a global team working across more than 40 countries with specialists in a variety of industries, including construction, shipbuilding, energy, natural resources, and manufacturing. He also oversees a collaborative team to deliver surety solutions to enable clients to win contracts, deliver products and services, and manage for liquidity.

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