Victor expands construction coverage capacity with BHSI
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Victor expands construction coverage capacity with BHSI

Across three offerings, Victor increased coverage maximums by $33mn.

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MGU Victor has entered into an agreement with Berkshire Hathaway Specialty Insurance (BHSI) to expand coverage capacity for its US builders' risk and contractors equipment offerings, effective immediately.

As part of the agreement, Victor’s builders risk program will offer increased coverage maximums of up to $8mn for frame and joisted masonry, and up to $15mn for non-combustible building projects.

The company also doubled the coverage maximum under its contractors' equipment insurance product to $10mn.

BHSI has been providing capacity for Victor’s builders risk program since 2021 and collaborated with Victor to bring the contractors equipment product to market in 2023.

In a statement, Victor VP and program manager Jeff Benson said: “We are proud of our growing relationship with BHSI, which is centered on applying Victor’s specialized underwriting expertise to protect clients against existing and emerging risks in the construction industry.

“This new capacity arrangement reflects our dedication to empowering brokers and their clients by delivering high quality insurance solutions that help them thrive through changing market conditions.”

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