construction insurance News

Castel Specialty Launches Global Construction Business

Castel Specialty, a division of Castel Underwriting Agencies Ltd., has expanded its portfolio with the launch of Castel Construction. London-based Castel Underwriting Agencies, part of Barbican Insurance Group, is a club-style MGA formation platform, which supports individual underwriters with smaller …

AGCS Appoints Smith as Head of Engineering, Regional Unit London

Allianz Global Corporate & Specialty (AGCS)* has appointed Paul Smith as head of Engineering, Regional Unit London (RUL). He reports regionally to Carsten Scheffel, AGCS board member and chief regions & markets officer for RUL. He also reports locally to …

MGA Pen Underwriting Launches Specialist Cover for UK Construction Market

Pen Underwriting* has launched a new product to address the UK construction industry’s wide-ranging, complex risk exposures. Backed by “A”-rated capacity from specialist insurer CNA Hardy, the single wording, multi-section cover can be offered on an annual or single-project basis …

Nationwide Names Travelers’ Stueber as Vice President of Construction

Linda Stueber has joined Nationwide as the new vice president of Construction for Standard Commercial, the insurer announced. Stueber has 25 years of experience in commercial lines— with the past 20 years focused specifically on construction. She has been with …

TMK Offers Construction Insurance in UK, Ireland via Online Broker Portal

Tokio Marine Kiln (TMK), the international specialist insurance business, has added construction to its One TMK broker portal. The tailor-made construction insurance product is underwritten through a fully automated process, TMK said, noting the platform provides an efficient way for …

Brokerslink Launches Global Construction Practice with 2 Appointments

Brokerslink announced the launch of an expanded Global Construction Practice with the appointments of Brian Schofield and Edouard Marron as co-practice leaders. They take up these roles with immediate effect. The new Global Construction Practice will provide risk management, technical, …

Chubb Taps Allied World’s Müller as Property & Technical Lines Director, Europe

Chubb has appointed Alf Müller to the role of Property and Technical Lines director for Continental Europe, as it continues to evolve its client offering in the property, power generation (powergen) and construction insurance markets. In his new role, Müller …

Brokers Assess Current Construction Insurance Market: Thumbs Up

Amid ups and downs, the construction market has nevertheless enjoyed steady growth over the past four years. Now construction insurance specialists believe the market is really heating up. The competition has carriers maintaining a market favorable to buyers, especially those …

London-Based Brit Opens Singapore Office, Operating via Lloyd’s Platform

Brit Ltd., the London-based specialty insurer, has opened an office in Singapore, which will begin operations on March 1 via the Lloyd’s Singapore platform. Brit has received approval to begin underwriting from both Lloyd’s and the Monetary Authority of Singapore …

BHSI Enters Australia Construction Insurance Market; Appoints Team Execs

Berkshire Hathaway Specialty Insurance Company (BHSI) announced it is providing comprehensive insurance and services for the construction industry in Australia and named a team of executives to oversee key areas of its construction business. BHSI said it is offering construction …