What is it?
The Construction Network at Lloyd’s brings together specialist lead construction carriers in the London Market. The Network supports large-scale global construction projects, offering capacity of up to USD 275 million on a PML basis*
Who’s involved?
Syndicate
- AXIS
- Markel
- Sompo
- Apollo
Key benefits for brokers
- Significant capacity for qualifying construction risks: up to USD 275m on a PML basis*
- London Market lead capacity solution
- Accessible within Lloyd’s for qualifying risks
- Streamlined negotiation process led by a designated lead for improved efficiency
- Direct access to a pool of experienced construction underwriters
- Collaborative approach to claims
What is in appetite?
- Major civil, infrastructure and industrial projects, such as power generation, petrochemical, industrial, heavy civil works, and high value commercial developments
- Complex or technically demanding projects requiring specialist underwriting insight, advanced modelling, or bespoke policy wordings
Broker journey
- Submit risk to your preferred lead underwriter
- Negotiate placement with lead/co lead underwriter
- Receive quote with confirmed Construction Network at Lloyd’s capacity
*Subject to each carrier’s individual underwriting appetite, structure, pricing and terms.
Claims
We deliver on our promises
Effective resolution for customers is achieved with our highly skilled claims specialists focusing on:
- Quick decision making
- Championing your needs
- An honest approach
∗Claims examples may be based on actual cases, composites of actual cases or hypothetical claim scenarios and are provided for illustrative purposes only. Facts have been changed to protect the confidentiality of the parties. Whether or to what extent a particular loss is covered depends on the facts and circumstances of the loss, the terms and conditions of the policy as issued and applicable law.
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