Chubb has announced the launch of a new construction industry practice in the UK and Ireland, whi
ch it says builds on the company’s existing experience in the sector.
The new practice brings together a team of specialist underwriters, risk engineers, and claims executives, with the company stating the goal of creating a cohesive offering for customers and brokers. This initiative is aimed at providing comprehensive support across multiple risk areas.
The construction industry practice team is spread across Chubb’s branch network to facilitate local trading throughout the UK and Ireland. Chubb said that this offering targets contractors with revenues starting from £10 million, both for annual contracts and single projects. The company’s network also allows it to provide services on a multinational basis.
Alongside the launch of the new practice, Chubb announced that it is introducing a MasterPackage product tailored for construction companies. This product will enable brokers to place multi-line construction business, covering contractors all risks, casualty, contractors pollution liability, and property insurance.
Tom Finnegan (pictured top right), construction industry practice leader UK & Ireland and regional tech lines manager, stated that Chubb’s industry practice approach will enhance the company’s construction sector offering.
“We have a large, dedicated team of experts across the country who understand that construction clients have multiple and varied insurance needs. We have a broad risk appetite across mid-market and larger clients, which we believe will help deliver the coverage, support, and service that companies know and expect from Chubb,” Finnegan said.
In addition to its focus on the construction industry, Chubb also offers specialised industry practices in sectors such as life sciences, technology, real estate, media, HealthTech, and climate.
In August, the giant insurer also announced executive appointments within its finance organization, with George Ohsiek named vice president, Chubb Group and chief accounting officer.
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