Company Overview of Infrassure Ltd.
Infrassure Ltd. provides energy and infrastructure insurance services for risk protection for power, energy, and infrastructure projects and installations in Switzerland and internationally. It offers industrial and engineering insurance, including insurance services covering various project phases of power plants and infrastructure projects ranging from preconstruction to operation. The company also provides marine cargo, marine cargo delay in start-up, construction and erection all risks, CAR and EAR third party liability, CAR and EAR delay in start-up, industrial all risks, and IAR business interruption insurance coverage services. Infrassure Ltd. was formerly known as Alstom Power Insura...
Founded in 1996
Key Executives for Infrassure Ltd.
Chief Executive Officer and Director
Regional Head of Africa & Middle East Europe
Chief Underwriting Officer
Compensation as of Fiscal Year 2013.
Infrassure Ltd. Key Developments
Infrassure Ltd. Announces Management Changes
Jul 16 13
Infrassure Ltd. announced that Colm Kelly, until recently deputy to Hans Zimmermann, will take up the role of Chief Underwriting Officer. Hans, who has been with Infrassure since 2008, will take up a position on the Board of Directors. Sylva de Fluiter, formerly the deputy Chief Risk Officer, will take over the CRO role following the departure of Thomas Leddy, who has been with the company since 2006. Tom has decided to take new career challenges elsewhere. Phillip Wallace, deputy Chief Operating Officer, has assumed for the duration of the transition period the responsibilities of Jakob Thyme, who previously held the COO position and who has decided to pursue other career opportunities. Phillip, who joined Infrassure in 2005, will also take up the newly created position of Chief Claims Officer. In addition, a new position of Chief Development Officer has been created to manage the continuous improvement and development of business processes and resources. The new position will be taken up by Steven Smith, formerly Underwriting and Claims Director, who has been with the company since 2006.
Infrassure Ltd. Reports Earnings Results for the Nine Months Ended September 2012
Oct 15 12
Infrassure Ltd. reported earnings results for the nine months ended September 2012. For the period, the company reported net premium written of CHF 122,193,000. Net premium earned was 124,130,000. Income before taxes was CHF 34,238,000. Net income after taxes was CHF 30,991,000.
Infrassure Ltd. Reports Earnings Results for the Six Months Ended June 2012
Jul 25 12
Infrassure Ltd. reported earnings results for the six months ended June 2012. For the period, the company reported net income after taxes of CHF 4,879,000 against net loss after taxes of CHF 3,127,000 for the same period in the last year. Income before taxes was CHF 5,105,000 against loss before taxes of CHF 3,063,000 for the same period in the last year. Net premium earned was CHF 84,286,000 against CHF 180,788,000 for the same period in the last year. Net premium written was CHF 88,388,000 against CHF 163,126,000 for the same period in the last year. However, the overall result has been negatively impacted by four large losses for which significant initial reserves have been allocated pending further developments and investigations. The claims incurred for the first half-year are at CHF 78.3 million.
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