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OBOROne Belt One Road initiative

January 2018 January 2018

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OverviewOBOR locations aligned with Cunningham Lindsey

China’s 21st century economic plan for global trade is

essentially a mega infrastructure project with a focus on

transportation and energy.

This initiative, known as “One Belt, One Road” (OBOR),

is focused on joining the economies of Europe and

Asia, along with Africa and Oceania. This unique and

extraordinary project seeks to link China to Europe via

development of overland economic corridors coupled

with efficient and secure maritime transport routes.

The overland “Belt” has a heavy emphasis on infrastructure

development including railway and road connections.

Other significant infrastructure such as power generation,

mining & energy, and telecommunications networks

are also the subject of major development.

For the maritime “Road” the development of ports and

transport hubs across Indo-Pacific is key. This includes

acquisition, construction and operation of port facilities

in countries such as Malaysia, Indonesia, Myanmar,

Pakistan, Kenya and Oman, amongst others.

To give an idea of the scale and scope of the initiative,

it is estimated by China that OBOR will involve 65 plus

countries covering a combined population exceeding

4.4 billion people.

To support this, China’s banks are providing massive

funding for Chinese enterprises to develop and operate

along the economic corridors being developed. China

alone has pledged US$125 billion in financing to develop

these corridors on both land and sea, across seven key

regional operating spheres:

As we enter 2018, infrastructure development in all these

regions is moving rapidly and on a significant scale.

Although projects are currently dominated by transport,

energy and telecommunications, there is growing focus

on other sectors such as health and education.

Cunningham Lindsey is dedicated to providing the

highest possible quality of service to meet the insurance

claims of the OBOR initiative.

Whether this is the construction of a power plant in

Laos or marine surveys in Europe, we are committed

to always bring the right expertise to the right place

at the right time, with a focus on not just meeting, but

exceeding all our client’s expectations.

Africa

Russia

Central Asia

South Asia

Eastern Europe

South East Asia

Middle East

Together, the OBOR initiative will connect more than

65 countries which will account for over 60% of the

world’s population and 30% of global GDP. Cunningham

Lindsey has offices in over 60 countries with over 6000

employees and has a global network in all geographic

areas positioned to handle and manage the insurance

claim requirements of the OBOR project.

Our expansive global network not only provides us with

global capability, it also provides us with local and regional

knowledge, language and cultural understandings,

country specific management and an ability to form

bespoke teams. This unique and coordinated global and

local approach is crucial when handling any major loss.

Six international economic corridors and one maritime silk road

Ringo HoChina

Ben PriceLondon

Stephen HopeAsia-Pacific



MCL GlobalMajor & Complex Loss

The insurance market is facing some fundamental changes

in the claims it faces and the way it manages them.

We are pro-actively providing global claims handling

solutions that deliver the right person on the right

loss in the right place - Cunningham Lindsey’s Major

& Complex Loss teams do just this.

Adjusting a major or complex loss demands technical

excellence, but this alone isn’t enough. Expertise is

only effective if it’s delivered promptly, to the exact

point of need.

34500 MCL Global claims handled

500+ global programme nominations

170 global marine adjusters

46 global cyber & technology adjusters

30 global product liability & recall adjusters

34500 Major losses handled in 2016

500+ global programme nominations

170 global marine djusters

35 global retail & distribution adjusters

60+ FAS Global accountants

600+ Cunningham Lindsey support

offices

8 global specialist practice groups

60+ FAS Global accountants

35 global retail & distribution adjusters

8 global mining adjusters

650+ MCL Global team members

60+ territories in Group network

80 global construction adjusters

40 global environmental adjusters

20 global power adjusters

The majority of the Belt and Road projects planned so far have been related to infrastructure development; around

40% for construction of rail and high-speed railway, 15% for power and resources projects and 20% for road, airport,

ports, waterway, bridges and tunnels.

Expertise Experience

OBOR projects by sector

Cunningham Lindsey has 8 key Global

Specialist Practice Groups (SPG’s), some of them

specialising in the industries associated with the

project mix mentioned above

Our SPG’s globally are nominated on numerous

high profile accounts and have handled

numerous high profile losses within each of the

following sectors;

34%

30%

13%

12%

11%

OBOR projects by sector

Power and resources

Transportation

Other infrastructure

Water and sanitisation

Telecommunications

Power & resources

Transportation

Other infrastructure

Water & sanitation

Telecommunications

Note: Other infrastructure includes public buildings and logistics and warehouses.

Source: ADB Institute, Swiss Re Economic Research and Consulting.



Construction & EngineeringOur Construction & Engineering Specialist Practice Group includes over 90 construction and engineering adjusters

globally. This team has specific capability in handling claims from CAR/EAR/DSU.

Power

Headed up by Nick Hide who is based in Dubai, we have over 20 power adjusters globally. Our specialist power

practitioners have significant experience in dealing with all types of risks and losses around the world, involving

every kind of power generation;

Bridges

Railways

Ports

Dams

Roads

Power Stations

Pipelines

Buildings

Tunnels

Process Plant

MarineHeaded up by Ton Schox who is based in the Netherlands, we have over

170 marine surveyors globally, we have a team of specialists who collaborate

on the most efficient way to handle cases. We are committed to providing

the best possible cost effective advice and service. We recognise the need

for a seamless and coordinated approach provide the following marine

based services globally:

Cargo Surveys

Goods in Transit surveys

Specialist investigations

Loss prevention surveys

On/off hire surveys

Claims handling and recovery

Expert Witness

Salvage sales

Pre-loading and discharge supervision

Hull, machinery and land based equipment

FAS Global

Our Forensic Advisory Services (GAS Global), are a specialist team of forensic accountants within the Cunningham

Lindsey group. The key expertise is the quantification of economic loss under insurance policies. The team at

FAS Global have experience in quantifying economic loss under a variety of insurance policies, including business

interruption, complex stock claims, DSU, crime and cyber claims.

FAS Global have international offices in Australia, Canada, Dubai, Latin America, Singapore, UK and US, enabling us

to handle claims globally as well as locally, efficiently.

Thermal

Geothermal

Combined Cycle

Wind

Nuclear

Solar

Experience Experience

Various rail-shuttles from China to various ports in the world are now operational; for example a connection from

Chengdu to Rotterdam, the Netherlands is only 15 days compared to the sea transportation of 35 days.

This means that production centers in China are directly linked to major logistical hubs with connections to the

major European cities and vice versa. Agricultural products from Europe can be delivered to China with a relatively

short transit time.

Our SPG members can act almost instantly and are aware of the various legal regimes of the countries crossed and the various conventions applicable in the carriage by rail.



M +86 138 161 21034E [email protected]

M +65 9622 8529E [email protected]





Ringo HoChina

Robert WilliamsConstruction/Property Singapore/Asia

Ben PriceHead of Operations - MCLGlobalLondon

Nick HideGlobal Head of PowerSpecialist Practice GroupDubai

Stephen HopeAsia-Pacific

Ton SchoxGlobal Head of MarineSpecialist Practice GroupNetherlands

The ‘One Belt and One Road’ initiative is of an enormous scale with various projects as part of this. To handle such

diverse and complex projects, the initiative requires the experience of some of the best within the industry; this is

where our SPG leaders and MCL Global team come in.

Ringo Ho joined Cunningham China as Technical Director in

March 2015 and brought with him over 30 years of experience

in underwriting and claim management as lead insurer/reinsurer

for infrastructure, power and energy risks across Asia. Ringo had

handled some major losses over 10s of million USD like a flood

loss of steel mill project in Taiwan, metro construction losses in

Taiwan and Singapore, an EAR & DSU loss in a combined cycle

power project in Taiwan.

Robert Williams was the CEO of Cunningham Lindsey Singapore

and is now MCL Technical Director - Asia and has over 25 years

experience in loss adjusting. His claims experience takes him to

most countries in Asia to deal with a wide range of matters.

In addition to individual loss instructions he has managed

numerous losses arising from regional catastrophes including

the 1999 earthquake in Taiwan, 2002 typhoon in Guam and the

2004 tsunami in Japan.

Ben Price is based in London and is the Head of Operations for

MCL Global which comprises of 600+ adjusters worldwide. He

has over 30 years experience within the insurance industry and

specialises in the formulation and assembly of loss adjusting

solutions for insurance programmes across the world., particularly

in the construction and infrastructure sector. Ben maintains a

constant interaction with the Groups worldwide resources and

applies most skills to each loss and individual programme.

Nick Hide is based in Dubai and heads up our Power Specialist

Practise Group as well as Regional Engineering Director. He has

over 20 years experience in the power generation, downstream

petrochemical and heavy engineering sector across Asia, Africa

and the Middle East. Nick is also a Chartered Engineer and

has specialist knowledge of dealing with large scale coal, gas

and nuclear power generation losses on both CAR/EAR and

operational policies.

Stephen Hope is an Executive Director for Asia Pacific and spends

his time between Asia and Australia and also heads up our

Mining and Resources Specialist Practice Group. Stephen has over

30 years experience and is recognised internationally as a leading

industry expert, having spoken at technical forums and offering

thought leadership. Additionally, he has numerous had numerous

technical articles published on loss management and business

interruption. He has worked on significant major and complex

losses throughout the world.

Ton Schox is based in the Netherlands and is the Specialist

Practice Group leader for Marine as well as Head of Marine,

Continental Europe. As a surveyor he specialises in Cargo claims

(Perishables Foodstuff, Dry/Liquid Bulk and general cargo),

Marine Liability (Carriers, Ports & Terminals) and Specialist

Investigations (Fraud & Theft, Risk Management, Risk Inspections

& Warehouse Inspections. With over 170 marine surveyors under

his supervision, Ton has experience in coordinating and project

managing large losses globally.

Key Contacts Key Contacts



Cunningham Lindsey is a truly global organisation operating in excess of 60 countries, offering a fast, efficient

and consistent service from our operating platform of over 600 offices and more than 6,000 employees.

We undertake assignments throughout the world from offices established in:




Mike SkingsleyGlobal Head of Construction & Engineering Specialist Practice Group London

Francis BarberConstruction/Engineering London/Europe

Sam ShaoMarineChina

Mike originally trained and qualified as a Chartered Civil Engineer,

working on construction sites and for consultant engineers

throughout the UK before entering the loss adjusting profession

to specialise in construction and engineering risks. He has worked

in the insurance industry for more than 30 years, primarily in

loss adjusting. Mike continues to specialise in construction and

engineering claims, having handled losses throughout the world

and heads up our Construction & Engineering SPG, a team of

dedicated construction staff located all over the world.

Francis has over 30 years experience in Loss Adjusting;

specialising in Engineering, Construction and DSU losses in both

Energy and Infrastructure projects around the world. Francis

is well recognised within the insurance industry and is co-

author of the CII Textbook on DSU - “Insurance of Revenue for

Projects Under Construction” as well as the supplement to the

CII “Construction Insurance” textbook, and is a contributor to the

9th edition of ‘Riley on Business Interruption’.

Sam Shao, Marine Director of Cunningham China, has been a

marine loss adjuster and cargo surveyor for 17 years. His rich

experience would include handling claims for 28,000+ imported

cars for over US$1 bio. from Tianjin Explosion in 2015; project

cargo claims of US$30 mio. for some major equipment for

Three Gorge Hydropower Project. Sam also manages cargo

programmes for global manufacturing clients and his team have

received nominations as loss adjusters by many renowmed

Chinese clients, on project cargo and DSU for their oversees

projects. nominations

Key Contacts Global Network

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GermanyGreeceGuamHong KongHungaryIndiaIndonesiaIrelandItalyJapanKenyaKorea KuwaitMalaysiaMexicoNetherlands

New ZealandNigeriaOmanPakistanPapua New GuineaPeruPhilippinesPolandPortugalQatarRomaniaRussia Saudi ArabiaSingaporeSlovakiaSouth Africa

SpainSwedenTaiwanThailandTrinidadTurkeyUkraineUnited Arab EmiratesUnited KingdomUnited StatesVenezuelaVietnamZambia

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