Construction
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Capacity boost for global construction insurance market
The global construction insurance market is experiencing a notable increase in capacity levels in most regions in the market and…
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French broker Adelaïde buys MGA Dune
French broker the Adelaïde Group, which owns Verlingue, has taken a majority stake in French managing general agent Dune. Having…
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Grenfell inquiry calls for far-reaching changes to UK fire regulation
A seven-year-long public inquiry into the fatal Grenfell Tower fire in London has called for fundamental changes to fire safety…
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Asian Development Bank calls for pooled cover for Pacific infrastructure projects
The Asian Development Bank (ADB) has suggested a pooled approach to insurance for infrastructure projects across the Pacific region, giving…
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Marsh hires Falloon as US construction leader
Marsh has hired Mark Falloon, former head of Bechtel’s risk management division, as engineering and construction accounts leader in the…
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Aon hires Curtis to lead Asian construction business
Aon has hired Kieran Curtis as regional director of construction and infrastructure (C&I) in Asia. He will be based in…
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Greater appetite in London Market for construction business, says Miller
Construction rates have remained stable in the first half of 2024, with a possibility for slight softening of terms and…
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DUAL targets Europe’s construction market with VHV partnership and new hub team
DUAL Europe has partnered with German insurer VHV Allgemeine Versicherung to expand its footprint in Europe’s construction and engineering sector.…
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French mutual SMABTP acquires Dutch marine & construction underwriter DUPI
French mutual SMABTP has acquired Dutch marine, transport and construction underwriting agent DUPI. Following SMABTP’s majority stake investment in March…
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Berkshire Hathaway Specialty launches in Nordics
Berkshire Hathaway Specialty Insurance (BHSI) is launching in the Nordics with a new office in Stockholm and a team from…
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Construction boom in Thailand comes at high claims cost
Construction risk and insurance managers with operations in the booming Thai construction sector may be working in a rapidly expanding…
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Aon reveals $350m war risk package for Ukraine
Aon has unveiled a $350m insurance programme to boost capacity for war risks in Ukraine, which the broker said will…
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US labour market shortages, inflation pressuring public entities market
The shortage of qualified construction workers in the US and the resulting inflation are impacting public entities’ risks in the…
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Dedicated construction practice launched by UK broker Verlingue
UK broker Verlingue Ltd has established a dedicated construction practice, led by Harvey Monk, sales director south. The broker said…
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Gordon Browne rejoins AIG from Allianz as global head of specialty
Gordon Browne will become global head of specialty at AIG, where he will replace Paul Greensmith, who has decided to…
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Recent ruling risks causing problems for construction policyholders as insurers move to restrict cover
Work is underway to review “egregiously ambiguous” insurance clauses that tackle construction defects after an unexpected ruling in the US…
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Contractors urge market to better educate project owners on insurance needs and process
Experienced insurance buyers at contractor Bechtel have called on brokers and insurers to better educate construction project owners about what…
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London construction PI market softening ahead of rival hubs with rates down 5% or more
The London construction PI market is now well into a softening phase, with rate reductions of 5% or more available…
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Record event tackles the big risk management, transfer and legal issues facing construction sector
A record number of attendees at our recent Construction Risk Management Europe Conference enjoyed two days of expert insight into…
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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…