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Case study

Our client is a property developer in Central London that purchases sites for redevelopment into high end residential. 

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Challenge

Large scale building projects in Central London are very complex with strict listing requirements from the council, very deep basements that are required and the close proximity to other high value buildings. In addition the bank funding the project had specific requirements for the insurance that included rights to claim proceeds and co-insurance.

Solution

We were able to bring together a group of different insurers to cover the client against the major risks they face, whether this be caused by the collapse of a crane onto a major highway or the cave in of nearby buildings as a result of piling more than 30m.

Outcome

The client was able to proceed with the development of their site following the conclusion of a number of bespoke and reasonably priced insurance policies. The client was able to also secure funding in excess of £50m.

Depth of Basement

20 meters

Project Value

£75,000,000