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GRS / National Insurance Inland Marine Builders Risk Successes Examples of putting our appetite in motion… Global Risk Solutions / National Insurance Inland Marine

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Page 1: Builders Risk Successes - Liberty Mutual...Builders Risk Successes ... Global Risk Solutions / National Insurance –Inland Marine. GRS / National Insurance –Inland Marine Civil

GRS / National Insurance – Inland Marine

Builders Risk Successes Examples of putting our appetite in motion…

Global Risk Solutions / National Insurance – Inland Marine

Page 2: Builders Risk Successes - Liberty Mutual...Builders Risk Successes ... Global Risk Solutions / National Insurance –Inland Marine. GRS / National Insurance –Inland Marine Civil

GRS / National Insurance – Inland Marine

Civil Infrastructure – Roads / Bridges

$831M in value over 4 projects

$500M MBR Policy Limit (100% participation)

Location: UT

Project Details:

− Widening major highway from 4 to 6 lanes, new bridges, overpasses and interchanges

− $100M Sublimit for Flood & Earth Movement

− 5 year policy term

Quarterly job site visits by risk engineering

Page 3: Builders Risk Successes - Liberty Mutual...Builders Risk Successes ... Global Risk Solutions / National Insurance –Inland Marine. GRS / National Insurance –Inland Marine Civil

GRS / National Insurance – Inland Marine

Energy – Renewable / Alternative Energy

$39M Project Value

Full limit provided (100% participation)

Location: Western PA

Project Details:

− EPC contract for erecting and installing wind turbines and balance of plant infrastructure

− ~1.5 year term

− 100% placement

− Various elevations and large site footprint

− Coordinated delivery of blades and turbines

Page 4: Builders Risk Successes - Liberty Mutual...Builders Risk Successes ... Global Risk Solutions / National Insurance –Inland Marine. GRS / National Insurance –Inland Marine Civil

GRS / National Insurance – Inland Marine

$604 Project Value

Full limit provided (100% participation)

Location: NV

Project Details:− New construction of convention center

− Non-combustible construction

Integrated client meeting− RE & UW met with broker and insured to

provide reassurance of that RE will monitoring project as well to help keep it on track

Buildings – Commercial / Mixed Use

Page 5: Builders Risk Successes - Liberty Mutual...Builders Risk Successes ... Global Risk Solutions / National Insurance –Inland Marine. GRS / National Insurance –Inland Marine Civil

GRS / National Insurance – Inland Marine

Non-Energy - Manufacturing

$465M in value for 10 separate projects

$200M MBR Policy Limit (100% participation)

Location: RI

Project Details:

− Construction of new maritime manufacturing buildings to increase plant output

− Includes Time Element coverage for individual project components

− $10M Zone A Flood

Page 6: Builders Risk Successes - Liberty Mutual...Builders Risk Successes ... Global Risk Solutions / National Insurance –Inland Marine. GRS / National Insurance –Inland Marine Civil

GRS / National Insurance – Inland Marine

Civil Infrastructure - Marine Terminal Expansion

$142M Project Value

Full limit provided (100% participation)

Location: NJ

Project Details:

− Construction of 2 deep water berths, rail trestle and wharf extension

− $25M Flood Zone A

− LEG 3 provided at $250K deductible

− 3 yr project term

− Work from both barge and landside

Page 7: Builders Risk Successes - Liberty Mutual...Builders Risk Successes ... Global Risk Solutions / National Insurance –Inland Marine. GRS / National Insurance –Inland Marine Civil

GRS / National Insurance – Inland Marine

Buildings – Commercial & Residential

$50M MBR Policy Limit (100% participation)

Location: TX

Program Details:

− $50M Limit for Flood & Earth Movement

− 1 year policy term

− Commercial buildings that include office, retail, healthcare, industrial and schools

− Residential buildings that include residential and senior living facilities

Page 8: Builders Risk Successes - Liberty Mutual...Builders Risk Successes ... Global Risk Solutions / National Insurance –Inland Marine. GRS / National Insurance –Inland Marine Civil

GRS / National Insurance – Inland Marine

Energy – Power Generation

$87M Project Value

Full limit provided (100% participation)

Location: CA

Project Details:− Construction of cogeneration plant

− $25M high hazard Flood

− No Earth Movement requested

RE determined that despite location in flood zone, insured build up in elevation was grounds for consideration to deploy more flood capacity

Page 9: Builders Risk Successes - Liberty Mutual...Builders Risk Successes ... Global Risk Solutions / National Insurance –Inland Marine. GRS / National Insurance –Inland Marine Civil

GRS / National Insurance – Inland Marine

Buildings – Commercial Office

$220M Project Value

Full Policy Limit provided (100% participation)

Location: TX

Project Details:

− Full limits provided for Flood, Earth Movement & Named Storm

− 3 year policy term

− Ground up construction of 32 story high rise office building

Page 10: Builders Risk Successes - Liberty Mutual...Builders Risk Successes ... Global Risk Solutions / National Insurance –Inland Marine. GRS / National Insurance –Inland Marine Civil

GRS / National Insurance – Inland Marine

Civil Infrastructure - Cargo Port Expansion

$148M Project Value

Full Policy Limit provided (25% quota share)

Location: VA

Project Details:

− 3 year project term

− Stack Yard expansion (new semi-automated container stacks and crane rails), Rail Yard expansion (6 new tracks to support a cantilevered rail mounted gantry) and Wharf extension (650 ft. concrete, pile supported and 2 additional mooring dolphins)

Page 11: Builders Risk Successes - Liberty Mutual...Builders Risk Successes ... Global Risk Solutions / National Insurance –Inland Marine. GRS / National Insurance –Inland Marine Civil

GRS / National Insurance – Inland Marine

Buildings – Primary / Higher Education

$130M MBR Policy Limit (100% participation)

Location: OH

Program Details:

− 3 year policy term

− Flood & Earth Movement included up to policy limits

− New construction of 5 elementary schools

− Built in 4 phases

Page 12: Builders Risk Successes - Liberty Mutual...Builders Risk Successes ... Global Risk Solutions / National Insurance –Inland Marine. GRS / National Insurance –Inland Marine Civil

GRS / National Insurance – Inland Marine

Buildings / Civil – Transportation Infrastructure

$215M Project Value

$142M Policy Loss Limit (100% participation)

Location: NY

Project Details:

− Multi component, phased facility modernization project including updating passage lanes, booths, new administration building, parking, etc.

− ~3 yr project term

− LEG 3 coverage provided up to policy limit

Page 13: Builders Risk Successes - Liberty Mutual...Builders Risk Successes ... Global Risk Solutions / National Insurance –Inland Marine. GRS / National Insurance –Inland Marine Civil