K2 Insurance Service’s property-focused MGA Vikco has launched a new builder’s risk program that offers limits of up to $20mn, Program Manager can reveal.

Specialist construction MGA Phoenix Specialty has named Andrew Charlton managing director, succeeding Tim James who will transition to the role of CEO of Phoenix Global.

Axa XL has hired longtime Liberty Mutual executive Jon Tellekamp as chief underwriting officer for construction and energy to lead the combined segments’ underwriting and risk engineering teams, The Insurer can reveal.

Capacity in the UK and international construction markets remains stable, with adequate appetite for major international construction risks, according to Gallagher.

Digital MGA Foxquilt has begun offering its products in New York, including coverage for the challenged contractors’ general liability (GL) segment.

Hub International has acquired the assets of Utah-based RK Gore & Associates, an insurance agency specialising in solutions for the residential construction industry.

Price Forbes has bolstered its global construction offering in London with the appointment of Henry Morgan as director.

The professional indemnity market softened throughout 2024 and will continue to in 2025 amid fallout from the UK’s cladding scandal, according to Gallagher Re.

Construction-focused insurtech MGA Shepherd Insurance has expanded its offerings to include admitted excess products, enhancing coverage for clients in the commercial construction industry.

Procore Technologies has placed its program and retail broking operations into run-off after they failed to reach sufficient scale, although the construction-focused platform remains committed to providing insights and data to the insurance industry,