Construction
-
April 25, 2024
London market to remain closed for construction SPPI cover
The London insurance market is unlikely to start offering single project professional indemnity (SPPI) cover for construction firms again anytime…
-
April 24, 2024
Early construction project engagement critical to mitigate climate risks
A panel during Commercial Risk’s Construction Risk Management Europe Conference urged construction companies to get technical experts involved much earlier…
-
April 23, 2024
Courage and collaboration needed to manage emerging construction sector risks
The construction sector’s long-term outlook is positive, but it faces a number of challenges, not least the number of emerging…
-
April 9, 2024
Insurtech launches UK construction sector specialist MGA
A new specialist MGA serving the UK construction sector has been launched by insurtech Acies MGU. Phoenix Specialty has capacity…
-
April 3, 2024
Softer times ahead for London construction insurance market
Risk managers in the construction sector can expect a less stressful time at coming renewals in the London market, according…
-
March 27, 2024
Baltimore port closure adds to global supply chain pressure
Global supply chains, already reeling from re-routing ships to avoid attack in the Red Sea, will be further challenged by…
-
17.10.2024
CONFERENCE: Construction Risk Management Asia 2024
The recently published Global Construction Futures Report, produced by Oxford Economics, predicts that completed global construction work will grow over…
-
March 11, 2024
HDI Global makes board changes as McDonald exits
Industrial insurer HDI Global, owned by Talanx, has announced changes at board level, with Claire McDonald – head of HDI…
-
February 27, 2024
WTW launches Bermuda excess casualty construction facility
A Bermuda excess casualty construction facility has been launched by WTW, tailored to meet the needs of clients in the…
-
February 26, 2024
Valencia fire sparks cladding concern as Mapfre confirms it is on cover
The fire that killed at least ten people in Valencia last week has triggered a debate in Spain about the…
-
February 16, 2024
Mass timber will ‘transform’ construction risk landscape, warns Allianz Commercial
The projected growth in mass timber construction as the building sector transitions from concrete and steel will bring new risk…
-
February 16, 2024
North American construction casualty team launched by Lockton
Lockton has launched a North American construction casualty team with the appointment of Oliver Ross as senior vice-president within the…
-
February 9, 2024
Insurers must adapt to energy transition or disappear, warns risk manager
The insurance industry runs the risk of disappearing if it does not adapt to climate change and the ESG agenda,…
-
February 7, 2024
London market may be moving into softer territory, says Miller
As capacity chases income, the London market may be at the top of the “slippery slope into softer market territory”,…
-
February 2, 2024
Axis bullish on specialty lines despite reserve hit
Bermuda-based specialty insurer and reinsurer Axis Capital assured shareholders and policyholders that its underlying business is firmly on track despite…
-
January 12, 2024
Amrae expects French-based captive boom in 2024
French risk management association Amrae expects the number of captives domiciled in France to grow significantly this year, going from…
-
January 11, 2024
RSA and Brit launch $285m project cargo consortium
RSA Insurance and Brit have partnered to offer $285m capacity in the London market for global project cargo risks. Launching…
-
January 1, 2024
Positive renewal pricing trends for North American contractors: WTW
There are positive trends in renewal pricing for contractors, according to the WTW North America construction broking team. However, speaking…
-
December 11, 2023
Africa Specialty Risks launches Lloyd’s syndicate
Africa Specialty Risks and Apollo Syndicate Management are set to launch a new syndicate at Lloyd’s in 2024 focused on…
-
December 11, 2023
Positive ESG means extra PI cover for construction contractors
Construction contractors outside of the US will have access to additional professional indemnity (PI) cover based on their ESG performance…