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.
What sets us apart
- Our underwriters are empowered to make swift decisions.
- With a passion for solving problems, we have the technical expertise 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 cover that addresses your unique needs.
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.
