The past 24 months have been turbulent for the construction industry. On 14 July, the 24-storey, Grenfell Tower, broke out in flames, causing millions of pounds of damage and widespread social unrest. Seven months later, the construction industry would experience another disaster: Carillion, the second largest in the UK, plunged into liquidation after suffering financial difficulty. These two case studies demonstrate just how complex construction risk has become. We uncover the pitfalls in managing construction risks and demystify the global insurance implications in this special report 

In this special report

As a company, Carillion did practically everything wrong, yet its sudden demise has sent shockwaves through the business community. As regulators trawls through thousands of documents with a view to taking disciplinary action, the inevitable result is an intense scrutiny of directors and officers liability and transparency

Tougher codes and penalties are putting pressure on the building industry’s insurance cover, while raising questions over how far down the line liability should go

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About this webinar

Through the lens of the Carillion collapse and Grenfell Tower fire, StrategicRISK and Zurich uncover the pitfalls in managing construction risks and demystify the global insurance implications

The webinar will look at:
Latest trends and developments in the construction industry and how this is changing the global risk landscape
The fall out and insurance considerations following the demise of Carillion and the Grenfell Tower fire
• Implications for directors’ and officers’
• The value of professional indemnity for complex construction risks

SPEAKERS:
- Bernadette Hackett, Global relationship leader, Commercial Insurance, Zurich
- George Melides, Global underwriting manager for management liability,Commercial Insurance, Zurich