Construction
#Insagepeople 29 July - 2 August 2019
Stay up to date with the latest people moves.
Building body warns of “disaster” amid construction capacity squeeze
The Association of Consultant Approved Inspectors (ACAI) has called on the government to review its Approved Inspectors Scheme of Insurance.
CII launches brokers construction guide amid sector capacity issues
Organisation references Grenfell Tower tragedy as it unveils advice to brokers, including to identify which materials and dangerous substances are used in the building process.
The Insurance Age Podcast: 19 July 2019
The Insurance Age editorial team dig into this week's top stories.
Quizzical questions: 19 July 2019
Test your knowledge of the week's news with our topical quiz.
Mactavish criticises industry for "knee-jerk reaction" in hardening market
Technical director Rob Smart warns of capacity issues in construction and urges brokers to get started early to avoid leaving companies without insurance.
Construction firm unable to find insurance due to lack of capacity
Howden says current situation has put "incredible pressure" on the only compliant scheme available to customers.
Blog: What is JCT 21.2.1 insurance, and who needs it?
Tokio Marine HCC’s Julian Goodall considers the snappily-named clause developed to iron out liability issues in construction.
Brokers monitoring capacity shortages after TMKI run-off
Although brokers are not worried by the provider going into run-off, they have concerns over tightening capacity.
Worries raised about broker knowledge of construction
Research from HSB Engineering Insurance shows majority of brokers are in the dark when it comes to developments in technology in the construction sector.
HSB reveals broker e-trading platform
Engineering specialist says four products will initially be available for brokers to quote and bind, as it plans to add more in the future.
Construction and engineering facing “capacity blackspots”
Mactavish report claims that insurance companies are reluctant to underwrite the risks in some sectors as market faces “unprecedented” tightening.
HSB unveils construction products on Acturis
Provider claims first to go live on the Acturis e-trading platform with stand-alone construction products available to brokers.
Subsidence to schemes – the industry issues brokers clicked on in October and November
The market has also been keen to learn more, via sister site Insurance Hound, about business interruption, Brexit and construction plant theft.
ECIC partners with Cobra Network
Markel-owned business targeting regional brokers.
Up to 50 jobs at risk amid RSA specialty and wholesale restructure
Provider pulls out of international construction, international freight and fixed price marine protection and indemnity business and is consulting with staff members about redundancies.
Ensurance to offer cyber cover to UK construction sector
The specialist MGA has teamed up with Beazley and the product will be available to its brokers.
Willis IRM eyeing acquisitions
Business seeking small to medium brokers who need a succession plan.
Broking break - Your top 5
The five most read stories of the week include news about products, aggregators and Folgate, as well as a blog from Huw Evans and the UK Broker Awards 2018 shortlist.
Construction broker calls for aggregator ban
Mark Herbert, MD at Construction Insure, urged housing minister Dominic Raab to stop price comparison sites offering quotes to small businesses in the construction sector.
IIG launches electrical contractors’ liability product
New product added in response to requests from brokers.
Ensurance adds combined construction liability policy
The combined liability offering also caters for environmental impairment.
Thistle launches high risk and construction products
MGA takes on new staff to run the schemes.
Aston Scott Group reveals final set of results before Lark merger
Profits are up at the consolidator as it looks to make more acquisitions.