New account to target worldwide gas and construction risks
CR Syndicate 1036, wholly owned by QBE, has launched of its on-shore construction account.
The new account will target major onshore oil and gas construction risks world-wide to complement its significant on-shore and off-shore energy portfolios,.
QBE recently appointed Bob Knight, who has over 30 years experience in construction insurance, to lead the development and underwriting of this account. Knight has extensive experience on both the underwriting and broking side and has worked with some of the largest oil and gas companies in the market.
Knight said: “The on-shore construction market requires very specialist expertise and there is continuing demand for more capacity to write the larger risks. We see particular opportunities in the Middle East and anticipate developing 40% of our business from there.”
Colin O’Farrell, active underwriter, adds “The creation of an on-shore construction account was a natural progression for Syndicate 1036 and a response to demand from our clients. The syndicate already has a major presence in the off-shore construction market, and we are confident that our expertise will place us at the forefront of the on-shore construction market too.”
