Milestones
2010
Infrassure obtains authorization to operate as an occasional reinsurer in Brazil.
2008
Infrassure is approved as a surplus lines insurer in the United States of America.
2007
Infrassure completes five years of independent operation.
Infrassure issues a perpetual EURO 15 million note in November 2007.
2006
Infrassure obtains a Financial Strength Rating of A-
by A. M. Best
2005
Infrassure moves its principal office from Baden to Zurich. The new premises accommodate a substantially increased number of staff members, who manage the global portfolio of construction and operation phase insurance policies.
The company approaches new capital resources by participating with a 30 year EUR 16m note in a EUR 300m CDO (Collateralized Debt Obligation).
2004
Swiss Insurance Investors Group establishes a sister insurance company in Liechtenstein to gain direct access to the markets of the European Union.
2003
Swiss Insurance Investors Group acquires 100% of the shares of Alstom Power Insurance from its mother company, establishes it as an independent insurance corporation and has the company name changed to Infrassure. The domicile of the company remains in Baden, Switzerland.
2002
The company is renamed as Alstom Power Insurance – following the merger of ABB’s and Alstom’s power generation activities in 2001 – and has its legal seat transferred from Guernsey to Baden, Switzerland. Alstom Power Insurance is licensed as a non-life insurance and reinsurance company.
1996
ABB Power Insurance is founded as a captive insurance company to provide insurance for gas turbine and combined cycle power plants