Verlingue creates new division as construction sector set for growth

Insurance broker Verlingue has created a new UK construction division.

The division will bring together a team of 12 experts from across the broker into one streamlined hub.

They will provide medium and large sized construction clients with risk management advice and support.

The team will also offer expertise in placing sector specific insurance programmes, including construction liability insurance, performance bonds, credit insurance, contractors plant and fleet and professional indemnity.

UK-based clients with European construction projects through the wider Verlingue group’s operations in France, Portugal, Switzerland, Italy and London markets will also be supported by the practice.

It will be led by Harvey Monk, who is currently sales director for the South.

“I am delighted to be leading this dedicated practice comprised of individuals from across our UK and European businesses,” Monk said.

”The team has significant expertise in this sector born from many years of experience. This gives us great insight into the changing needs and challenges of clients operating in this sector.”

Growth

Verlingue said it had created the practice as it felt the construction sector was set for a period of sustained growth.

For example, according to figures from Statista in January 2024, the sector will grow to £476.6bn by 2027.

Verlingue said it was also seeing increased demand for advice surrounding modern methods of construction.

Mike Latham, group chief executive of Verlingue, added: “This is an important development for us and reflects our established strategy of building out national practices by bringing together, and recruiting, people with specialist knowledge.

”It follows the successful launch of dedicated practices covering the like of media, healthcare, food delivery and multinational, ensuring we continue to deliver the insurance and employee benefits solutions our clients need.”