The world's longest floating bridge is now under construction in Seattle – a masterpiece of engineering and logistics. Munich Re, with its wealth of expertise, is involved in insuring the project.
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The new bridge will be more resistant to earthquakes and storms
A debate about a replacement bridge, the cost and design of a new bridge, was triggered in Seattle by the 2001 earthquake. The issue was only settled ten years later: A new floating bridge directly alongside the Governor Albert D. Rosellini Bridge, commissioned by the State of Washington, has been under construction since October 2011. The new bridge is not only meant to be higher and substantially wider, with six lanes and cycle and pedestrian paths, but more importantly, it will also be safer. It is to be a prestige project that pushes bridge construction to the limits of what is technically feasible. Since long floating bridges are only rarely built anywhere in the world, a partner with a wealth of experience and expertise was required on the reinsurance side, one who would understand the risks attached to such an ambitious project and be in a position to provide the relevant reinsurance cover. The experts from Munich Re Engineering, many of them engineers with extensive experience on construction sites of major global projects, stepped up to the challenge and developed a reinsurance solution tailored to meeting the complex risks of the different manufacturing areas.