A 230-meter tall wind turbine built by Vestas Wind Systems A/S collapsed at a site in northern Sweden over the weekend. The cause of the accident is unknown and the company is assembling a team that will investigate at the …
Insurance broker Aon plc announced that Karen O’Donnell has been appointed as a client director within its Private Finance Initiative (PFI) and Infrastructure team, a specialist practice that sits within Aon’s Construction division within the Global Broking Centre. O’Donnell will …
The construction industry may emerge from the pandemic strong or relatively unscathed compared to other segments of the economy. But it also faces its share of challenges in managing exposures, delays, added costs and shutdowns in this COVID-19 world. Construction …
A Louisiana contractor has been in a tussle with city officials regarding payments for a demolition project after he accidentally tore down the wrong house. “There was a big mix-up with the addresses and the information given to me and …
AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Ltd., announced the hiring of Anna Woolley as a senior underwriter in its International Construction team, effective immediately. In this role, Woolley will focus on writing new business and …
Marsh, the insurance broker and risk adviser, announced the appointment of Mike Johnson as chairman of the UK Construction, Infrastructure & Surety Practice, Marsh JLT Specialty. Effective immediately, Johnson succeeds Tim Smith who is retiring after more than 30 years …
Investment in infrastructure development is set to be one of the main drivers of growth in emerging markets after the COVID-19 crisis subsides, according to Swiss Re’s latest sigma report. Emerging markets will invest US$2.2 trillion in infrastructure annually over …
As one of the oldest industries, construction has been notoriously slow to adopt technological advancements and embrace the digital age. However, in the last decade, many innovative technologies have gained traction in the construction industry. TechCrunch reports that between 2017 …
Berkshire Hathaway Specialty Insurance (BHSI) announced it has commenced underwriting casualty and construction insurance in France and filled two key in-country leadership posts, naming Olivier Antiphon as head of Construction and Anne-Sophie Bonifay as head of Casualty. Antiphon comes to …
Construction insurance specialists say their insurance market is strong with plenty of capacity and underwriters competing for the best accounts. According to specialists interviewed by Insurance Journal for their assessment of the market, the boom in the construction business has …
