Axa XL has hired longtime Liberty Mutual executive Jon Tellekamp as chief underwriting officer for construction and energy to lead the combined segments’ underwriting and risk engineering teams, The Insurer can reveal.

Capacity in the UK and international construction markets remains stable, with adequate appetite for major international construction risks, according to Gallagher.

Digital MGA Foxquilt has begun offering its products in New York, including coverage for the challenged contractors’ general liability (GL) segment.

Hub International has acquired the assets of Utah-based RK Gore & Associates, an insurance agency specialising in solutions for the residential construction industry.

Price Forbes has bolstered its global construction offering in London with the appointment of Henry Morgan as director.

The professional indemnity market softened throughout 2024 and will continue to in 2025 amid fallout from the UK’s cladding scandal, according to Gallagher Re.

Construction-focused insurtech MGA Shepherd Insurance has expanded its offerings to include admitted excess products, enhancing coverage for clients in the commercial construction industry.

Procore Technologies has placed its program and retail broking operations into run-off after they failed to reach sufficient scale, although the construction-focused platform remains committed to providing insights and data to the insurance industry,

Axa XL has launched a cyber insurance endorsement tailored for construction firms in the US, offering enhanced protection against cyber threats.

ClearView Underwriting – the repositioned former Strata program – has launched an innovative construction/renovation offering with an A rated carrier as it looks to diversify and drive growth after a multi-year turnaround,

BlueSkyRisk has launched Tower Construction Risk, a $10mn+ builders’ risk program led by former Westchester executive George Delatorre, marking the eighth program under the sub-brand of Aon-owned NFP’s Totalis platform,

Chubb has launched a new construction industry practice across the UK and Ireland.

Allied World has taken the step of using exclusively wholesale distribution for the commercial project and wrap-up policies written by its primary casualty construction team,

Renewables underwriter GCube has called for greater capacity to support the next cycle of project development, but warned that broad coverage with high limits would lead to “unsustainable levels of risk”.

Cyber, credit and surety, and engineering and construction are the three areas driving specialty reinsurance demand in 2024, according to Swiss Re’s Anne Lohbeck.