RSA Insurance and specialty insurer and reinsurer Brit have teamed up to launch BUILD – a project cargo consortium offering up to USD285 million for project cargo risks worldwide.
The consortium will by headed by Richard Landers, senior cargo underwriter UK specialty at RSA Insurance, and Penny Robinson, cargo class underwriter at Brit.
“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,” said Calvin Gray, London market marine director at RSA Insurance.
The consortium said that it would provide comprehensive global project cargo coverage, including delay in start-up and advanced loss of profits. It will act mainly as a lead, or follow capacity where applicable.
