Construction/engineering

The dispute has arisen due to a mismatch in the provision of infectious disease cover between Petroperu’s policy with local fronting carrier Mapfre, and the policy between Mapfre and its facultative reinsurers.

However, underwriting criteria has “tightened” as a result of unpredictability over company finances and previous loss activity.

Integra Risk Services will offer outsourced risk engineering management to the construction, engineering and energy sectors.

Mark Peacock has been made a partner in the broker’s construction practise within its UK speciality division.

Industry veteran Rick Girden runs the construction portfolio, which is projected to grow to $200mn this year.

Dasan's resignation comes within a period of significant moves across the construction market.

Plus the latest impact of cat activity on reinsurer results and all the top news from the week.

The market has seen four years of significant compound rate rises triggered by heavy loss experience and contracting capacity.

Richard Alford-Smith follows in the footsteps of James Cook and Lewis Coward who also joined Lockton’s construction team from Marsh earlier this year.

Paul Smith's appointment follows the retirement of Gerald McDowell after nearly 16 years at AIG.

Paul Snashall is moving to Senior Wright as liability and construction placing broker, while Stuart Daffin will join City Underwriters as senior construction underwriter.

The team will be led by global head of construction Naresh Dade and Andrew Harrison-Sleap, deputy global of construction.