Addvalora Global Loss Adjusters

ADDVALORA GLOBAL LOSS ADJUSTERS is the Group’s loss adjusting company specialising in Corporate and Complex claims. Since its foundation in 2003, we have added value to the claims handling process, building a strong relationship with our clients based on trust.

We provide innovative solutions because we work with the newest technology in management software, to cover the needs of our clients in terms of meeting deadlines and observing the highest quality standards.

We have more than 400 technicians with specialisation in different fields with extensive professional experience, and in continuous professional development, who stand ready to respond in this ever-changing world in which we live, which is fundamentally conditioned by the emergence of new technologies and global awareness of environmental issues.

We adjust more than 100,000 claims per year, including those with the greatest economic impact. We have our own Contingency Plans for NAT CAT claims, with mobile work teams to deal with emergency situations.

We work for the main insurance and reinsurance companies in Europe and Latin America.

Based in Madrid, we operate in Europe through a well-established network of offices in Spain, the United Kingdom and Turkey. We cover the rest of Europe through our own network of representatives. In the Middle East we work with a franchise in Saudi Arabia (Addvalora-Soulat). Our Miami office covers the United States, Canada and the Caribbean. We have 24 of our own offices in Argentina, Brazil, Guatemala, Chile, Colombia and Mexico and 5 franchise offices in Paraguay (Addvalora-IAB), Peru (Addvalora WMoller) and Ecuador. In Africa, Asia and the Pacific we work with our usual network of international representatives.

Specialties

Energy (Power, Oil&Gas, Renewable energy), Forensic Accounting, Liability, Engineering and Construction, Public Works and Buildings, Public Works and Mining Machinery, Addvet (Agriculture, Forestry, Viticulture, Veterinary), Iron, Steel and Metal Industry, Environment and Environmental Liability, Leisure and Tourism, Fine Art & Specie, ICT & Cyber, Motor.

Resources

Specialised qualified professionals

Experience

Over 100,000 claims adjusted per year

Clients

Leading insurers and reinsurers

Locations

Global national and international network

Energy Forensic Accounting Liability Engineering and Construction Public Works and Mining Machinery Addvet (Agriculture, Forestry, Viticulture, Veterinary)Iron, Steel and Metal Industry Environment and Environmental Liability Leisure and tourism Fine Art & Specie ICT and Cyber Motor

POWER

Electric power generation plants (conventional thermal, nuclear, combined cycle) and distribution (medium MV and high HV lines, transformation centres and electric substations).

OIL & GAS

Liquefaction, regasification plants and gas pipelines, Downstream (refineries and chemical plants) and Upstream (wells), as well as transport.

ONSHORE

Material damage to oil and gas facilities and/or refineries/petrochemicals and associated loss of profit (LOPI – BI)
Extra Operator Expenses (including CCC)
Third-party liability
Material Damage caused by sabotage and terrorism and associated Loss of Profit-Business interruption (LOPI – BI)
Damage to oil drilling rigs and repair platforms
Construction and Erection All Risks and associated Loss of Profit (ALOP)
Cargo

OFFSHORE

Material damage to production platforms and underwater equipment, and associated loss of profit-business interruption (LOPI – BI)
Extra Operator Expenses (including CCC)
Third-party liability
Material Damage caused by sabotage and terrorism and associated Loss of Profit-Business interruption (LOPI – BI)
Damage to mobile drilling units, lifting platforms, drill ships and similar
All Risk Construction (WELCAR) and associated Loss of Profit (ALOP)
Carriage of goods by sea

RENEWABLE ENERGY

Wind farms, solar thermal and photovoltaic plants, hydraulic plants and biomass and biodiesel plants.

The losses adjusted relate to a wide range of policies, in particular:

Erection policies: Erection-construction, testing and maintenance
Property all risks policies with loss of profit
Machinery breakdown policies with loss of profit
ALOP policies during the erection period
Transport insurance policies
Third party liability policies for manufacturers and fitters

WIND ENERGY

Our experience as adjusters in the wind energy market dates back to January 1995; since then, we have adjusted more than 5,000 claims.

SOLAR ENERGY

We have more than 10 years’ experience in the solar thermal and photovoltaic industry, supported by our adjustment of more than 2,000 claims.

BIOMASS

It covers both biomass thermal plants and biodiesel and bioethanol production plants, as well as water treatment facilities, digesters and biogas plants. We have 7 years’ experience in this constantly expanding sector.

HYDRAULICS: hydroelectric plants

Loss of profit/business interruption

Predictive statistical calculation, based on previous accounting data. Econometric trend tests. ARIMA Method

Financial Lines Insurance

Bankers insurance. Employee infidelity
Credit and Surety
D&O
Event cancellation. Contingencies
Initial public offering insurance
Reputational risk insurance
Loss of profit-business interruption due to public sector liability

Expert reviews of tax, accounting and employment consultancies

Valuation of companies

Account auditing and insolvency administration

Appraisals of losses due to intellectual property disputes (patents, trademarks…), industrial property, copyrights, etc.

Appraisals regarding competition conflicts

We have vast experience in handling highly complex public sector, D&O (Directors & Officers) and companies’ claims, in the health, environmental and cyber-risk fields, among others.

Civil Engineering: roads, ports, bridges and viaducts, tunnels, building
Construction all risks (CAR/EAR)
Construction liability
Professional Indemnity – Spanish Professional Association of Architects and Civil Engineers
Decennial insurance

Mining companies
Construction companies with their own machinery (dumpers, bulldozers, lifting platforms, generators, railroad track laying machines, etc.). Companies that rent machinery, with or without an operator
Machinery manufacturers (machinery damage prior to sale, Product liability)
Self-propelled cranes
Special machinery

Property and general liability
Property and liability for forest fires
Pet insurance policies
Auto liability for animal injury
Damage of food products during transportation
Damage of food products in fire, flood, and other loss events
Damage of industrial animal production areas (aviculture, aquaculture)
Injury to insured animals (livestock, bullfighting festivals, etc.)
Certification for disposing of goods

Addvalora has a team that specialises in handling property and liability claims relating to steelworks, blast furnaces, metal transformers and suppliers of metals and finished product.

Service stations
Petrol stations
Oil pipelines
Fuel and chemical product storage centres
Land and sea transport
Air transport, prototype aircraft
Meat industry
Industrial estates
Workshops
Consequential losses

Fires
Weather phenomena
Natural catastrophes: hurricanes, earthquakes, floods, tsunamis, landslides and displacement of soil on fault lines, tornadoes, volcanic eruptions, hailstorms and, in general, hydrometeorological risks…

Areas of activity:

Hotel chains
Tourist resorts
Theme parks
Casinos, bingos and betting centres
Catering sector
Travel agencies and tour operators
Travel assistance policies

SPECIE

Jewellery, precious metals
Wholesalers and retailers
Safety deposit boxes
Furs
Pawn shops
Cash in Vault/Transit (CIT)

FINE ART

Visual arts: painting and sculpture
Graphic works: etchings, drawings and photography
Carvings, images, altarpieces and reliefs
Antiques: furniture, silver, jewellery, fabrics, documents, etc.
Buildings, monuments and urban complexes with unique historical or artistic value
Facilities, video installations