The Impact of Catastrophe on Engineering and Construction
Using eNGINEER analytics, we examine catastrophe exposures at each phase of construction.
DOWNLOAD REPORTConstruction and Engineering Reinsurance
With more than 100 years of combined experience in construction and engineering insurance, our team has the technical knowledge and global market relationships to ensure our clients are optimally positioned for the best reinsurance solutions.
Leading the market in technical advocacy, analytics and intermediation
Gallagher Re’s global Construction and Engineering team leverages market position and brings together deep, sector-specific technical knowledge and advanced analytical capabilities to advocate on behalf of carrier clients for optimal structural and economic reinsurance placements. We understand the unique technical characteristics of engineering and construction insurances — our focus is on treaty lines, including:
- Contractors All Risks (CAR)
- Erection All Risks (EAR)
- Delay in Startup (in conjunction with CAR and EAR)
- Contractors Plant and Equipment
- Boiler and Machinery and Operational Technical Risks
- Computer and Electronic Equipment
- Inherent Defects Insurance (IDI)/Decennial
Our technical credentials and market position help deliver optimal reinsurance solutions
Our market-leading position and team structure fosters an ecosystem to consistently provide strategic technical advice and execute competitive transactions.
Market position
Our strength is demonstrated by a 25%+ market share, placing $700 million of premium and $1.2 billion of probable maximum loss (PML) capacity on behalf of our global client base. Our position not only provides a global “window on the world” upon which to base strong analytical advocacy, but also a gravitas with the reinsurance market to negotiate optimal structural and economic solutions for our clients.
Extensive industry experience
With experience from a variety of backgrounds including civil and mechanical engineering, our team has a strong understanding of all engineering lines, including IDI.
Our comprehensive technical and industry experiences help us understand your business needs and optimally position and market your treaty.
Proven actuarial and analytical tools
Using our leading proprietary tools iFM and eNGINEER, our skilled actuaries accurately model your portfolio for risk and catastrophe elements.
This credible data set and our thorough understanding of your portfolio allows us to intelligently, quantitatively, and technically negotiate optimal terms with reinsurers.
Strong reinsurer relationships
As a top-tier reinsurance broker with more than 40 years of success, we have trusted relationships with reinsurance markets globally.
Our unparalleled access to reinsurers means we can find capacity to cover even the largest and most complex placements, and we can choose among carefully selected reinsurers who best meet our clients’ needs.
Meet the Global Engineering and Construction leaders
Ian McLeish ACII
Chairman, Global
Andrew M Vince Dip CII
Head of Global Engineering Practice
Construction and Engineering Summary
- Experienced team with strong technical credentials in construction and engineering
- Proprietary tools, including iFM and eNGINEER, to accurately model portfolio risk
- Trusted relationships with reinsurance markets globally
