Construction & Engineering Treaty Reinsurance
We write a wide range of engineering and construction reinsurance solutions. Our portfolio includes both excess of loss and pro-rata treaties, tailored to meet the diverse needs of our clients. We cater to programmes specific to the US, various international territories, and world-wide portfolios.
What we do
- Conventional CAR/EAR: Contractors’ All Risks (CAR) and Erection All Risks (EAR) insurance, providing robust coverage for construction and installation projects.
- DSU: Delay in Start-Up insurance, protecting against financial losses due to project delays.
- CPE: Contractors’ Plant and Equipment insurance, safeguarding machinery and equipment used in construction.
- Machinery Breakdown: Coverage for boilers, machinery, computers and electrical equipment from sudden and unforeseen mechanical failure or physical damage.
- Operational Power: Insurance for the ongoing operation of power generation plants and facilities.
- Onshore Energy: Coverage for existing onshore energy facilities and infrastructure.
Our tailored construction insurance solutions help mitigate construction risks, ensuring financial protection across a broad spectrum of projects.
What sets us apart
- Our underwriters are empowered to make swift decisions.
- With a passion for solving problems, we have the technical expertise in engineering reinsurance and market knowledge to develop solutions for complex, niche and emerging risks.
- We engage in open conversations with our clients, listening carefully to gain a deeper understanding of their business. This enables us to provide tailored insurance policies that addresses your unique needs.
Speak to one of our specialist underwriters
FAQs
What is engineering insurance for?
Engineering insurance, and reinsurance, provides coverage for risks related to engineering and construction projects. This includes protection against damage to machinery, equipment, and construction works, as well as associated liabilities.
What are the two types of treaty reinsurance?
The two types of treaty reinsurance are proportional and non-proportional. Proportional treaties involve sharing premiums and losses between the insurer and reinsurer, while non-proportional treaties, common in construction reinsurance, involve the reinsurer covering losses that exceed a specified amount.
Why is construction insurance essential for large-scale infrastructure projects?
Large-scale infrastructure projects come with financial and operational risks that can impact your timelines and costs. Construction insurance can help manage these risks by providing financial protection against potential issues such as structural failures, environmental factors, and contractual disputes.
While it cannot eliminate all risks, integrating tailored risk solutions can support project resilience and help mitigate financial uncertainty, ensuring that businesses are better prepared for unforeseen challenges.
