Sydney, Australia (CU)_ Insurtech Agile Underwriting Services and the Munich Re Syndicate at Lloyd’s have collaborated to provide construction insurance to the Australian market. Agile is a fast growing underwriting agency, insurtech and Coverholder at Lloyd’s. It has also launched a direct partner portal for brokers and retailers to distribute niche insurance products. Munich Re Syndicate at Lloyd’s is primarily a dedicated marine specialist. As a wholly owned subsidiary of Munich Re, the world’s leading reinsurance company, the syndicate can offer clients top quality insurance products, fully aligned to unparalleled security.
Coverage for Construction All Risk (CAR), also referred to as contractors all risk or contract works, is a type of insurance that covers all aspects of construction, building, and civil engineering. Coverage for Erection All Risk (EAR) material damage will also be provided, covering the installation and erection of complicated machinery, as well as testing and commissioning.
The construction team, led by…
