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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
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
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
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
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
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
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
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
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
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)
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
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