Insurer introduces broker only UK construction team.
Endurance, a specialty provider of property and casualty insurance and reinsurance, has introduced new lines of business to complement its individual property insurance book.
The insurer has launched a specialist broker only UK construction team to provide insurance coverage for construction projects with contract values in the medium to large range.
Endurance’s new product team will work with both national and regional brokers to target clients within the construction and engineering sectors, such as Private Finance Initiative (PFIs), property developers, specialist contractors, power generation and utilities.
The new team will provide specialist cover for contractors all risks, erection all risks, machinery breakdown, business interruption and on site casualty perils. Coverage will be available for risks located in UK, Europe and the rest of the world.
Endurance’s new UK construction insurance team is headed by Simon Challinor, who has over 25 years of experience in the construction and engineering sectors. Prior to joining Endurance he was head of construction and engineering underwriting at HDI Gerling UK.
Based at its London office, the underwriting, claims and risk management elements of the UK construction insurance team will work collaboratively to enable Endurance to respond quickly when making underwriting decisions and handling claims. Key underwriters will also travel extensively to give access for brokers and clients providing in-depth views of the risks being placed. Brokers and their clients will benefit from the expertise and quality of service delivered by Endurance’s new multi-discipline specialist team of underwriters, claims and risk engineers.
Andy Brooks, head of UK insurance at Endurance, said: “These are exciting times for Endurance as we expand our insurance business to offer a more diverse range of products and in so doing attract some of the best talent in the market. Under Simon’s leadership, I am confident that we have the necessary experience, enthusiasm and knowledge to make this new venture a great success.”
Jon Houghton, head of strategic development at Endurance, added: “Endurance’s strategy for growth and stability is through diversification in specialist markets – and now more than ever in the global insurance market, diversification is key. We have developed a strong brand, an experienced specialty team and a reputation which positions us well to develop new products backed by the global financial strength and underwriting capabilities of the entire Endurance operation.”
