RSA Insurance’s UK specialty lines business has teamed up with Brit to launch a project cargo consortium.

BUILD, which offers capacity of up to US$285m for project cargo risks worldwide, offers delay in start-up and advanced loss of profits, mainly as a lead, or in a follow capacity where applicable.

Target sectors include, but are not limited to, renewable, power, waste to energy, infrastructure, manufacturing and innovation.

The consortium will by led by Richard Landers, senior cargo underwriter, UK specialty at RSA Insurance and Penny Robinson, cargo class underwriter at Brit.

Calvin Gray, London Market marine director at RSA insurance said: ‘’The ability to provide market leading solutions is at the core of our strategy. With BUILD we are leveraging specialist expertise and capability across underwriting, claims and risk consulting to give us a proposition that will support our brokers and clients in a world that is growing in size and complexity."

Penny Robinson, cargo class underwriter at Brit added: “Project cargo insurance is a critical enabler for infrastructure projects in all sectors of construction and our new BUILD consortium will be instrumental in ensuring the London Market can provide the capacity and sophisticated coverage clients need.”


Image courtesy: Port of Dover

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