Published on 18 March 2024
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US Construction Market Update H1 2024
Published on 18 March 2024
The London construction market has undergone a period of transition over several years from soft market conditions to a sustained period of hardening. Conditions are now beginning to stabilize, all but for the most challenging risks.
The trend that started towards the backend of 2023 of more consistent pricing from insurers on both traditional
and complex construction projects seems to have accelerated in the first quarter. The marketplace is becoming more competitive as new capacity enters the market and appetite from existing providers is growing. This positive development stems from successful underwriting results in the class of business over the last 18 months.
In our latest US Construction Market Update, we outline commentary on market conditions, coverage, rating and market concerns for H1 2024.
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Brian Denney
Brian has 32 years of specific construction experience and specialises in the design, placement and servicing of insurance programmes for clients globally. Brian’s expertise is in infrastructure risks and has extensive experience in risk management and the specific insurance requirements of large and complex civil construction projects including tunnels, bridges and roads procured through both the public and private sector. The PPP nature of many of these projects has led to a broad experience of structured finance projects.
