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A bridge too far?

Dear friend,

Check this out for a monster construction project and a super-duper underwriting challenge

A $70bn bridge across the entrance to the Red Sea linking East Africa and the Middle East.

In a quake zone too! And don't ask about political instability.

These things tend to be a fantasy in search of funding and this will probably be a bridge too far.

But if you want to get a handle on the underwriting challenges of the 21st century, it's time to dig out your Munich Re wallchart of natural hazards and have a peep at Djibouti!

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