Construction/engineering

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

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.

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

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

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

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

The move comes in a period of heightened people-move activity in the construction and engineering class.

John Thompson is to take up a senior role with Ardonagh Specialty, along with Alesco alumni Mark Watson and Paul Lewis.

Nigel Cooper most recently held the position of senior construction underwriter, global construction at Travelers.

In her new role, De Rosa will oversee Axa’s construction and engineering treaty and facultative portfolio and strategy for clients in both the US and international markets.

The appointment of Dan Okey comes amid several senior changes within Marsh’s construction team.

This is the second Peru-based construction loss to make headlines in a week, following this publication’s report of a potential $860mn Petroperu claim.