Crossrail insurers sign historic agreement

The insurers for the Crossrail project have used special guidance drawn up following a series of catastrophic tunnel collapses, Insurance Times reports this week.

The first details of the policy agreement reveal the guidance was thrashed out by the ABI and the British Tunnelling Society.

Swiss Re is joined by Zurich as the lead insurer on the £15.9bn London rail project, further supported by excess liability coverage led by QBE and Ace. Heath Lambert brokered the historic nine-year insurance policy without a break clause.

Click here to read the full story from this week's issue of Insurance Times.