Construction
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Marsh and Constructions Risk Partners confirm management buyout
Constructions Risk Partners (CRP) has agreed a deal with Marsh that will see its management buy back the company bought…
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AGCS report lays out key loss trends in engineering and construction sector
Allianz Global Corporate & Specialty (AGCS) has published a new report that lists key claims and insurance trends in engineering…
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AXA XL working to tackle non-affirmative cyber cover in suite of products
AXA XL is reviewing its policies to tackle non-affirmative, also known as silent, cyber cover wherever possible, the insurer told…
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Brokers issued with construction risk guide post-Grenfell
Brokers need to be fully informed about construction materials to better advise clients on insurance cover in the wake of…
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Broker conflicts of interest ‘rocketing’ in hardening market, warns Mactavish
Broker conflicts of interest are becoming worse in areas of the commercial market that are hardening because payment practices introduced…
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Asian P&C rates to rise by 10% says WTW
Global broker Willis Towers Watson (WTW) has forecast that catastrophe loss-affected property and casualty (P&C) rates will rise by at…
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Fire and explosion remain biggest risks as AGCS unveils five-year claim trends
Fires and explosion losses have cost more than any other commercial risk between 2013 and 2018, according to analysis of…
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Zurich cuts capacity for unprofitable construction risks
Zurich Insurance will pull back from writing select construction property risks, following a portfolio-wide performance review. Robert Kuchinski, the company’s…
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CNA Hardy closes Asia platforms to new business – correction
Specialty commercial insurer CNA Hardy has announced that it will cease underwriting new business with immediate effect on its two…
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North American liability rates to harden further in surprise turn of market: Willis
Insurance buyers in North America will pay higher commercial insurance rates next year with some lines reaching double-digit increases, according…
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Global expansion throws up new risks and insurance struggles for construction firms
As the old adage goes, when the going gets tough, the tough get going. That seems to be true of…