Expert views and insight across our specialist areas.
Modular construction - an insurance viewpoint
The UK government set a target of building 300,000 homes every year by 2025. According to the NHBC, the figure for 2019 was just over 161,000, leaving a substantial gap to bridge. With modern methods of construction hailed as the answer to the problem, how does the insurance market view these from a risk perspective?
Delay in start-up insurance - a delicate balance
Delay in start-up (DSU) is now a well-established and popular class of insurance for project owners. But how does the insurance market react when there is an imbalance between the capital value of the contract works and the financial losses consequent on their delayed completion? Our construction specialist, Tom De’Ath investigates further.
Construction in the spotlight: Underwriters roundtable
Georgina Robinson, energy construction specialist at Miller, speaks with three leading underwriters to take the pulse of the market.
Covid-19 and falling oil prices - protecting construction projects during cessation of works
From the multi-billion LNG development to the small building refurbishment, almost every construction project is being affected by Covid-19 related restrictions. The recent fall in oil prices, however, could potentially cause far longer delays for energy related construction.
Builders' Risk Insurance: building a successful placement strategy
An increase in demand has coincided with a series of severe and attritional underwriting losses that have created a very interesting market dynamic as underwriters rethink their approach. Georgina Robinson and Andrew Clydesdale from our Construction team provide an overview of the opportunities, challenges arising, underwriting market's responses and how to achieve success for your clients.