Allianz Insures a Safe Passage
Sydney, 11 November 2009
Allianz Global Corporate & Specialty’s marine operations in Australia recently wrote one of its more complex Project Cargo and Delayed Start Up insurance covers. The policy covered the transportation of the major components of the Mortlake Power Station being built by Origin Energy. Generators and turbines destined for the power station had to be transported from the Port of Melbourne to the Western Districts of Victoria.
The transportation of the power station components involves six major movements over a few months. Origin’s Mortlake Power Station is a 550 megawatt, $640 million project, which will add significant capacity to Victoria’s energy generation capacity.
Ron Johnson, Regional Marine Underwriting Manager at Allianz Global Corporate & Specialty Pacific, said “the first of six convoys insured by Allianz, which began on 24 October, was around 122 metres long and 6.5 metres wide, and was pulled by three prime movers and pushed by another two prime movers.”
The convoys insured by Allianz are transporting turbines and generators, which were built by Siemens in Germany and the US, respectively. A turbine weighs 288 tonnes and a generator weighs 317 tonnes. The transportation occurred mainly at night to minimise traffic disruption.
“An off-the-shelf project cargo policy could never cover a move of such scale and complexity so Allianz worked with the broker for the project, AON, to customise a policy to fit the situation,” Mr Johnson said.
The first of the six road transits commenced at 10pm on 24 October 2009. A number of sections of road along the route had to be completely closed to all traffic to allow the load to pass safely.
Mr Johnson said, “a significant amount of planning involving a number of highly skilled heavy lift engineers and surveyors, and an experienced heavy lift team, was required to safely complete the journey.”
A specialised heavy lift trailer with three prime movers pulling and two pushing was required to convey the load. Travelling at a maximum of 30kms per hour, mainly in the middle of the night, the 240 km trip from Port Melbourne to Mortlake took around five days. The sight of the first convoy created a great deal of public interest as it snaked its way west through Geelong.
Concluding, Mr Johnson said, “I am impressed by the level of planning and documentation the Origin team and its consultants have put into this job. I am also pleased that Allianz was able to bring its expertise to the fore to cover this unusual and complex move and ensure that Origin had every contingency covered.”
“Being able to provide workable solutions for brokers and their clients is Allianz Global Corporate & Specialty Pacific’s main differentiator in the market, and this project is a good example of putting this expertise into practice.”
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General Insurance Company of the Year 2009**
The Allianz Australia Group operates in Australia and New Zealand. It includes one of Australia’s largest general insurers, a leading private workers’ compensation insurer, and a life insurer.
Allianz Australia delivers a wide range of personal, commercial and corporate insurance products and services. It is proud to be of service to more than 2 million policy holders and over 50% of Australia’s top 200 BRW listed companies have some form of insurance cover with the group.
Allianz Australia has approximately 3300 staff.
The Allianz Group’s commitment to social, environmental and economic sustainability has been acknowledged internationally by the Dow Jones Sustainability Index, which recognised the Allianz Group as the most sustainable primary insurance company in the world since 2006. In Australia, Allianz Australia participated in the Greenhouse Challenge Plus (GHC+) program - a cooperative partnership between industry and the Australian Government that aimed to reduce greenhouse gas emissions - and continues to adopt the GHC+ principles.
*Australian and New Zealand Insurance Industry Awards