Construction/engineering

Ardonagh’s Globe lands UK construction and specialty property teams

The moves follow a pattern of prolific hiring in which 200 production staff were added across the group’s London business in 2022.

Adam McNestrie, 27 June 2023
Aon, Lloyd’s and VIG collaborate on Ukraine recovery project

The initiative aims to fast-track (re)insurance capacity to Ukraine to support reconstruction.

Rachel Dalton, 21 June 2023
Increased exposure bases fueling construction premium growth: WTW

WTW said driver shortages continue to force contractors to use younger, often less experienced drivers, potentially putting upward pressure on losses.

Jairo Ibarra, 30 March 2023
Lockton hires Kerry London’s Milan for real estate and construction unit

The new recruit will run the UK and Ireland surety practice.

Rachel Dalton, 14 December 2022
Tokio Marine to land $186mn from TM Highland’s construction book sale to Intact

Intact financed the acquisition of the US builders risk portfolio through a $188mn term loan that was repaid before quarter-end, according to its Q3 statements.

Jairo Ibarra, 09 November 2022
Apollo moves into construction physical damage with AGCS’ Cook

Rate growth in the construction market is beginning to stabilise after a lengthy period of hardening.

Samuel Casey, 13 October 2022
Rokstone hires Globe Underwriting engineering team for centralised unit

Peter Rossell, Dan Watson and Anthony Palmer, all senior engineering underwriters at Globe Underwriting, have joined Rokstone.

Marcel Le Gouais, 26 September 2022
Rate rises in construction stabilise, as inflation fuels claims costs

While the construction market is seeing rate rises slow to single-digit increases, anecdotal evidence shows the cost of construction claims is 20% up on 2021.

Luke Harrison, 02 September 2022
Lockton takes Munich Re engineering underwriter Baker Dean

The move is the latest in a series of personnel changes in the construction space.

Luke Harrison, 26 August 2022
Axa XL hires Ensurance’s Burgess as senior construction underwriter

In his new role, Adrian Burgess will be responsible for developing and managing underwriting strategies within Axa XL’s UK construction book.

Luke Harrison, 25 July 2022
Intact Specialty to acquire TM Highland’s construction division

The construction book will be absorbed into Intact Specialty, with the carrier providing the paper for the newly purchased book.

Adam McNestrie, 17 June 2022
Aviva’s Townsend joins Thomas Miller Specialty on secondment

The expansive MGA launched its construction practice in July last year and has a three-year capacity partnership with Aviva.

Samuel Casey, 31 May 2022