Engineering - Reinsurance

We offer all lines of engineering covers and focus on treaty business written on a worldwide basis.

Our highly skilled Engineering underwriters have deep reinsurance industry experience. Treaty reinsurance capacity is offered on both pro-rata and non-proportional terms.

Features and coverage

Target classes

We provide treaty reinsurance coverage on all lines  of engineering business written on a worldwide basis, partnering with cedants who are global leaders in the business and who appreciate Sompo’s ability to  complement their own expertise and analytical approach.

Products

We write engineering treaty business on a pro-rata as well as on a non-proportional basis and we offer coverage for single project and operational risks.

Project risks:

  • Contractors’ all risks
  • Erection all risks with subsequent testing and commissioning
  • Associated additional covers such as delay in startup/advanced loss of profits and third party liability

Operational risks:

  • Machinery breakdown/business interruption
  • Contractor’s plant and equipment
  • Computer and electronic equipment
  • Deterioration of stock