Construction
-
Carriers have in recent months tightened requirements on credit checks and in some cases restricted policy terms.
-
Underwriters are receiving a deluge of requests to extend cover in response to Covid-19 project delays.
-
Sources said the liabilities relate to business written by unit Mid-Continent Casualty Company. -
The Accredited program partner has plans to expand into new lines of business.
-
Derek Schiavone previously worked at WR Berkley-owned Vela Insurance.
-
He will lead the large account segment, succeeding Bill Hazelton, who is now head of North America claims.
-
Steven Israel, Clint Downey, Patrick Whalen and Charles Madry have left the carrier.
-
According to sources, AIG underwriters globally have been told not to write new construction risks in Latin America.
-
Jason Rollins, Nadir Durrani, Neeraj Jeswani and Jessica Whiton have joined the carrier.
-
Part of the cost of the disaster will likely fall on a builder’s risk policy written by the two carriers.
-
The construction specialist has joined the mutual insurer in a specialty leadership role.
-
Wilkinson, Hernandez, LaBelle and Winters have joined HDI's construction and engineering operation.
