UIB CONSTRUCTION

The construction and heavy engineering industry is complex and capital intensive.

It involves a high level of inter-dependency and co-operation between specialist organisations and partners, often with highly detailed contractual relationships.

The UIB Construction division has an international reputation for technical skill and integrity both for analysing, designing and placing comprehensive risk solutions for construction and engineering projects, and for working with contractors, principals, lenders and other parties involved in projects.

The division is committed to transparency and professionalism in all aspects of our business, enabling you to deal with us with absolute confidence. Our team of specialists has a wealth of experience and a comprehensive understanding of the industry’s needs, plus the sensitivity to help with the different requirements of project parties.

The division is dedicated to delivering first class service and cost effective solutions to our clients, whether international or domestic, contractors or industry clients, and whether projects involve oil, gas, steel or other heavy industry projects, large or medium sized civil engineering works.

WHY UIB CONSTRUCTION

Client Focussed
The Construction division will work closely with you to establish clear communication with all parties involved to help you meet local and global requirements. We are committed to meet every aspect of your insurance needs with clarity and transparency throughout all stages, including negotiations, placement, claims, policy wording and, construction and operation.
Long-Term Relationships
The Construction team work closely with brokers and clients and is fully committed to our clients’ success through sustained long-term growth and mutually beneficial relationships.
Engineering Services
Our (in-house) Engineering resources (Engineering Risk Consultants – ERC) are available to provide risk management services to our clients as well as assist our placing brokers and claims brokers with technical back up when necessary.
Expertise
The Construction division developed a strong understanding of engineering and construction project risks throughout the years with particular expertise in challenging, complex and demanding territories. We are renowned for designing and placing specifically structured capacity for various classes of engineering and contractor’s risks worldwide, ranging from small to medium sized projects to multi-billion dollar projects. We have experience in and are involved with projects across all sectors of industry including downstream energy, power generation, heavy industries, mining, manufacturing, building and civil engineering.
Financial Advice
Many of the projects we are involved with are financed by lenders and so we are very familiar with working with national and international banks, the World Bank and other lending institutions, with special purpose project companies and with their respective financial, legal and independent insurance advisers. At times we can act as advisor to the lenders.
Reinsurance Programme
We liaise extensively with our Treaty division to place a full spectrum of treaty reinsurance programmes, specifically tailored for each individual client, ranging from excess of loss to pro rata treaties in addition to facultative support if required.

WHAT WE DO

WHAT WE DO: CONSTRUCTION

The UIB Construction division delivers industry leading results and service to all our clients and continues to build a strong reputation within this challenging, highly specialist market.

The Construction division builds sustained success by:

  • Advising on lenders clauses and requirements
  • Consistently delivering exceptional service
  • Preparing policy wording
  • Reviewing client’s contractual conditions
  • Building transparent partnerships with industry specialists and clients
  • Effectively managing change and uncertainty
  • Pro-actively managing claims
  • Truly understanding customers’ needs

WHO WE SERVICE

Our client base reflects the global scale and scope of the construction industry. The Construction team is providing covers in the following areas:

Advanced Loss of Profit / Delay in Start Up
CAR (Contractors All Risks)
EAR (Erection All Risks)
Third Party Liability
Machinery Breakdown
Project Specific Professional Indemnity

CONTACT US

To learn how our Construction team’s expertise can benefit you, or for further information please contact:

Daniel Griffin

Associate Director, Construction – Energy & Construction
E: daniel.griffin@uib.co.uk
T: +44 (0)20 7264 1695

Marc Perrin

Executive Director – Head of Energy & Construction
E: marc.perrin@uib.co.uk
T: +44 (0)20 7264 1690