Introducing BUILD, a Project Cargo consortium

RSA Insurance’s UK Specialty Lines business and Brit have announced the launch of ‘BUILD’, a Project Cargo consortium. The consortium is now open to business and offers guaranteed capacity of up to $285 million for Project Cargo risks worldwide.

Project Cargo offers coverage and protection for equipment that could be lost or damaged in transit. The consortium will provide global Project Cargo coverage, including Delay in Start-up and Advanced Loss of Profits and act mainly as a lead, or follow capacity where applicable.

The consortium will by headed by Richard Landers, Senior Cargo Underwriter, UK Specialty at RSA and Penny Robinson, Cargo Class Underwriter at Brit. Target sectors include, but are not limited to, Renewable, Power, Waste to Energy, Infrastructure, Manufacturing and Innovation.

“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.

This is another example of us capitalising on our global capability and finding opportunities in the market where we can build pockets of niche or lead expertise.” – Calvin Gray, London Market Marine Director at RSA .