Engineering and construction projects can be affected by all sorts of perils, from the collapse of a structure to a fire or natural catastrophe. Insuring against these and other risks can be a complex and expensive business. That's why we take a holistic approach to such projects. We stay involved throughout the entire project life cycle, from planning to construction to operation. We'll also work to identify gaps and overlaps in your cover so you have comprehensive, cost-effective protection.
We perceive risks in the same way that you do. The vast majority of our underwriters have engineering degrees from all disciplines with commensurate experience for most projects. This means that we speak your language, and get to the heart of the matter more quickly. Just as importantly, we're not just behind you, we're often onsite too. We also have our access to Swiss Re's technical know-how and understanding of exposures, with more than 150 years of experience and expertise.
We have the financial strength to protect any project. Crucially, we have the financial strength and S & P 'AA-' rating of Swiss Re in our corner. This ensures that we have the capacity and the reliability to be involved with any project, anywhere in the world. We also take the long view, having the ability to offer continuity, underwriting major risks over multiple years.
We make doing business easy, anywhere in the world. That's because we have experienced people in more than 50 offices worldwide. We're also committed to expediting every claim, ensuring the resilience of your business and mitigating cash flow volatility.
Contact us to learn more.
Insurance required during a construction project life cycle includes a wide range of covers, from bonding requirements, political risks, traditional marine and construction insurance, operational hazards and professional errors. Too often these exposures are considered in isolation resulting in a fragmented risk-transfer programme and potential gaps and overlaps in coverage. To help businesses take a more holistic view of infrastructure insurance and ultimately make projects more bankable, Swiss Re Corporate Solutions developed 'One Construction'. Watch the video to find out more.Click here to watch the video
From tunneling to mining projects and renewables to large-scale infrastructure projects, the risks faced by construction project owners and contractors today are complex. The basket of insurance policies for one project can range from surety bonds through to cargo, construction all-risk covers, liability, professional indemnity, to operational covers and long term defect protection after completion.Learn more
The London Crossrail project is a 21st century marvel. When it's finally completed towards the end of 2019, this major new railway line will straddle London from east to west. This GBP 14.8 billion project is a major enhancement of the city's transport infrastructure that will strengthen the economic resilience of one of the world's largest urban centres.Learn more
Design, engineering, and construction have a multitude of project risks. Most of these are identified, well-defined, and, hopefully, allocated to the party most capable of managing the risk. However cyber intrusion and its potential impact on your business – or your project owner's business – is probably the least appreciated of all construction risks, and it has no clear path to risk allocation or management.Learn more
From the revitalization of downtown Buffalo to new high-rises in the Battery, New York is experiencing a building boom. According to New York City Mayor Bill DiBlasio's website, 88 million square feet of new construction were built in New York City in 2015, a 329% increase since 2009. The site also boasts a 517% increase in new housing units since 2009, with 62,040 new units built last year.Learn more
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14 March 2017