RFIB expands into global property & construction
by Gill Montia
Story link: RFIB expands into global property & construction
RFIB says it has identified global property and construction as an area for development, and has appointed Richard MacFarlane as head of a newly-created business unit. Mr MacFarlane will be joining the Lloyd’s broker from Glencairn, and will be tasked with building a team of experienced professionals. The new team will sit within RFIB’s International [...]
Aon appoints Singapore-based head broker
by Gill Montia
Story link: Aon appoints Singapore-based head broker
Aon Risk Solutions has appointed Nicki Tilney as head broker of construction, power and infrastructure at its global broking centre in Singapore. The centre is one of Aon’s hubs around the world for insurance placement and allows clients access to insurance markets outside their immediate geography. Ms Tilney, who has over 20 years of experience [...]
JLT looks to Nordic construction growth
by Gill Montia
Story link: JLT looks to Nordic construction growth
JLT Specialty Limited is predicting construction growth in the Nordic region over the next three years. The firm has already been the broker to a number of major projects in the region, including the Stockholm City Line, the Malmö City Tunnel and the Copenhagen Metro, as well as providing annual services to the region’s largest [...]
Aviva extends renewable energy offering
by Gill Montia
Story link: Aviva extends renewable energy offering
Aviva has extended its engineering, marine, construction and operational risks offering to include onshore wind generation, solar and waste power generation (including biomass energy production), environmental consultancy and building technologies. According to the insurer’s commercial product consultant, Yawar Choudhry, the environmental goods and services sector is worth £107 billion in the UK, and is expected [...]
Heath Lambert appointed to Scottish railway Project
by Gill Montia
Story link: Heath Lambert appointed to Scottish railway Project
Heath Lambert has been appointed as the insurance advisor for Transport Scotland’s borders railway project. The £235 million to £295 million scheme will provide a link between Newcraighall station in Edinburgh and Tweedbank, which lies 49 km away in the Scottish borders. It will re-establish passenger railway services for the first time since 1969 and [...]
Sustainability in EU construction promoted
by Richard Kilner
Story link: Sustainability in EU construction promoted
The European Commission has begun an ELIOS feasibility study entitled “Liability and insurance regimes in the construction sector; national schemes and guidelines to stimulate innovation and sustainability”. The project will assess the liability and insurance systems across the EU and analyse the effect of the current systems on the construction sector and service quality. It [...]
LIU forms new Civil Construction team
by Richard Kilner
Story link: LIU forms new Civil Construction team
Liberty International Underwriters Europe (LIU Europe) has made a brace of appointments to help drive a new civil construction risks product line. Richard Williams becomes VP of Civil Construction, backed up by Paul Hampshire as Assistant VP. Williams has spent nearly two decades in the London insurance market, most recently working for a major global [...]
Torus Construction bolsters US team
by Richard Kilner
Story link: Torus Construction bolsters US team
Specialty insurer Torus has announced the appointment of Richard Girden as vice president, senior underwriter within the construction team. From the firm’s new Chicago office Girden will report directly to senior VP and head of Construction Steven Norcliffe. In his new post Girden will be tasked with handling Torus’ US portfolio, and will bring to [...]
Bahrain’s new $7bn city insured by Takaful
by David Masters
Story link: Bahrain’s new $7bn city insured by Takaful
The construction of a new $7 billion city to be erected on the coast of Bahrain is insured by Islamic insurance group Takaful International. Water Garden City, currently being built by Albilad Real Estate, is one of the largest construction projects in the Gulf Cooperation Council. It will be a residential city, 10 minutes drive [...]
RSA warns builders to protect halted sites
by David Masters
Story link: RSA warns builders to protect halted sites
Construction projects put on hold because of the recession should be adequately protected, insurance firm RSA said this week. RSA said construction firms must take better care of temporarily suspended construction sites or face an increased risk of damage. Sites that fail to follow advice given by their insurance firm will not be insured if [...]
Construction firms trading without credit cover
by David Masters
Story link: Construction firms trading without credit cover
One in five construction companies are now trading without credit insurance cover, according to research by the Construction Products Association (CPA). Meanwhile, firms continue to steer a wide berth around the government’s credit insurance top-up scheme. Of the 100 construction firms polled, the CPA found just one that had opted for the government plan, and [...]
JLT secures major contract with BAA Airports
by Gill Montia
Story link: JLT secures major contract with BAA Airports
Jardine Lloyd Thompson (JLT) has secured a minimum five-year contract with BAA Airports to provide insurance broking and risk management services for the latter’s construction activities at UK airports. BAA operates seven airports across the country and has extensive plans for expansion and redevelopment involving an investment of £6 billion. Of this, £4 billion is [...]
NFB name Giles as sole insurance advisor
by Richard Kilner
Story link: NFB name Giles as sole insurance advisor
Independent insurance broker Giles Insurance Brokers has been appointed by the National Federation of Builders (NFB) to serve as the federation’s sole insurance advisor. Beating off stiff competition from rivals, Giles will now offer the NFB’s 1,800 members, located across England and Wales, with insurance services tailored to their particular needs. The appointment of a [...]
EU aims to promote construction innovation and sustainability
by Richard Kilner
Story link: EU aims to promote construction innovation and sustainability
The European Commission has its eye on encouraging sustainability and innovative methods in the construction industry, and has recently launched a study to this effect. The study will assess the national liability and insurance systems that pertain to the construction industry in each of the twenty-seven member nations. In addition to this, the effect that [...]
Willis names Minneapolis Construction Practice leader
by Richard Kilner
Story link: Willis names Minneapolis Construction Practice leader
Chris Lorsung has been named by Willis Group Holdings as leader of the Minneapolis Commercial Construction Practice. He joined Willis nine years ago, leaving behind St. Paul Insurance Company, where he worked in the construction unit in a number of roles. Lorsung, who assumes his new position with immediate effect, will keep his title as [...]
Aon hires senior VP of construction
by Richard Kilner
Story link: Aon hires senior VP of construction
Aon Corporation has announced the appointment of Karen Reutter a senior vice president within Aon Construction Services Group. She brings with her extensive experience from her career in risk management and construction insurance. Her career began with International Risk Management Institute, and flourished with Zurich Insurance and St. Paul Construction. Immediately before being recruited by [...]
Pleural plaques proposals could cost insurers £29bn
by David Masters
Story link: Pleural plaques proposals could cost insurers £29bn
Government proposals to overturn a Law Lords decision that prevents people with pleural plaques from claiming compensation could cost insurers up to £28.6 billion. Pleural plaques is a benign scarring of the lungs caused by asbestos. It has been linked to conditions such as asbestosis and mesothelioma. Prior to the Law Lords ruling, pleural plaques [...]
