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!