Case StudiesCase StudiesThe following are a few of our recent larger case studies that show the range and depth of SRSL's capability. Our services cover small to large projects from SME's to Global enterprises.
SRSL is engaged in the provision of insurance-based
risk management solutions to Euro Tunnel – a bi-national (Anglo-French
company), which is responsible for the management and operation of the Channel
Tunnel until December 2086.
Euro Tunnel is responsible for managing the tunnels, terminals and tracks between Folkstone, Kent and Coquelles near Calais. Consequently, the company requires the highest level of safety, security, environmental protection and corporate governance.
SRSL has completed the implementation of a tailor-made risk management strategy to meet the insurance needs to Euro Tunnel. The Euro Tunnel operation involves a massive and complex infrastructure. Every day, an average of 400 trains and shuttles travel through the Channel Tunnel, carrying some 40,000 people, 7,000 cars and 3,500 trucks. This further highlights the importance of a detailed risk management strategy, which took into account British and European safety, transport and environmental issues.
When the Swiss Reinsurance Company decided to change its headquarters to a striking
building named the Swiss RE Tower, SRSL was
instructed to handle the insurance management of the development. The building
is approximately 500,000 square feet (making it the second highest structure
in this area of town) and is located in the heart of the City on the site where
the Baltic exchange building used to stand. With its distinctive “gherkin”
shaped form and 40-storey height, it stands out as an icon from the cluster
of buildings that make up London’s financial centre.
The service provided by SRSL included quarterly site visits, drafting detailed reports and issuing/following through risk recommendations. This formed part of the insurance programme devised for the client.
On November 2001, the Government announced its decision to approve the building
of Heathrow’s Terminal 5. T5 will allow Heathrow to maintain its position
as Europe’s leading international airport and provide much needed state-of-the-art
facilities to help meet the future demand to fly.
SRSL was responsible for the insurance-based risk
management of the T5 tunnelling phase – one of the largest construction
projects in the UK. It is a huge and complex construction programme, phase 1
alone consists of 16 major interconnecting projects and 134 sub-projects. SRSL
was instructed to risk manage the insurance programme for the T5 construction.
This involves quarterly site visits, drafting detailed reports and issuing/following
though on any risk recommendations.
The T5 project includes:
The Channel Tunnel Rail Link (CTRL) project is a public-private partnership,
which has been set up to build a rail link from St Pancras London to the Channel
Tunnel. The phased construction of CTRL began in October 1998 with the start
of work on section one. Section one will run between the Channel Tunnel and
Fawkham Junction in north Kent and is on schedule for completion in October
2003. Work on section two began in July 2001 and will complete the UK’s
first high-speed line into central London by the end of 2006.
SRSL has been employed to handle the insurance risk-based management of the project. A number of issues have arisen, which required his expertise. SRSL has been involved with the area 200 contracts of the London tunnels, which includes contract 220 (Stratford railway to London West Portal – 7.5kms) and contract 240 (Stratford railway to Barrington Road, Ilford – 4.7kms). The intricate nature of the work being carried out, coupled with the high-risk element of the construction work requires a thorough risk management assessment and strategy.
The contracts with which SRSL has been involved are complex – contract 220 involves the excavation of the vent shaft at Corsica Street. Both tunnel-boring machines have launched from the Stratford Box and are making good progress towards St Pancras. Contract 240 involves the construction of the vent shafts at Barrington Road and Woodgrange Road.
SRSL is available to provide on-site assistance, drafting detailed reports and issuing/following through on any risk recommendations.