In August, Welsh Government withdrew the financial surety provided to RSLs which had helped to drive development, so what’s next? Housing associations in Wales need to find alternative methods to continue building.
Our webinar, supported by Community Housing Cymru and Insurance and Risk Management specialists, Gallagher, looks at how your organisation can navigate the best way forward from a legal and practical perspective, assessing the likely impact on timescales and outcomes.
Kicking off the webinar, Richard Macphail, Partner and Head of Social Housing at Hugh James discusses the background of the requirement to have sureties in infrastructure agreements when dealing with new development sites. He explains the historic approach from Welsh Government, clarifies what has changed and sets out the current options that are available to Housing Associations when arranging their ongoing infrastructure agreements.
Co-hosted with Gallagher, Director, Paul Smith covers an overview of surety bonding, including:
- what surety is
- the types of bonds typically required
- how it differs from insurance
- the markets that provide bonds
- the underwriting process
- the documentation required
- a relevant case study
We have posted the webinar recording above, for you to watch at your leisure.