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Generali boosts construction and engineering capabilities

Generali boosts construction and engineering capabilities | Insurance Business UK

Generali boosts construction and engineering capabilities

Generali Global Corporate & Commercial (GC&C) has teamed up with Protos Check Srl, the risk assessment and loss prevention consulting arm of Protos Group, allowing the insurer to provide enhanced technical and engineering services to its clients.

In a statement, GC&C said that the partnership would enable the company to offer a wider range of technical services in risk analysis, risk mitigation, and risk monitoring for large construction projects prioritising the adoption of renewable and green energy.

Rome-based Protos Check specialises in technical and financial advisory for large projects in the real estate, infrastructure, and clean energy sectors.

The deal covers all GC&C territories, with a focus on the UK, Italy, Iberia and Latam, Latin America, and Asia.

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“Risk assessment and monitoring in construction and complex infrastructures management is a key service in our business proposition to clients,” said Manlio Lostuzzi, chief executive officer at GC&C. “Moreover, the market is starting to look carefully at the construction world, thanks also to the important financial support of governments’ post pandemic plans for this industry, as well as for the renewable energy one.”

“The collaboration with Protos… strengthens our ability to meet the most sophisticated clients’ insurance needs by further preventing and mitigating their risk exposures, while enhancing our existing technical capabilities,” he added.

Lorenzo Brogini, Protos Check CEO, expressed delight over the collaboration, describing the partnership as “the perfect synergy of experience and specialist skills.” 

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“[This] creates peaks of excellence in the offer of risk assessment and management services in the infrastructure sector – a sector which certainly requires significant investments, also aimed at revamping the existing, for people safety and greater protection of the environment,” he said. “We are grateful to Generali GC&C for the confidence and the expectation placed in our company, with the aim of further increasing collaboration activities in the construction and green energy sectors.”