LitmusRisk underwrites short-tail construction and engineering products located in the US, Canada, Australasia, Central and Eastern Europe and the EEA as a Lloyd’s coverholder, backed by 100% Lloyd’s capacity.
The portfolio is focused on 4-walled construction of wood frame or concrete properties with target occupancies being:
- Residential buildings, condos, large single homes and apartments.
- Healthcare, education and commercial buildings.
- Light manufacturing, small scale mining installations and warehousing.
- Municipal upgrades and road and rail betterment schemes.
- Renewable energy, data centres and water treatment.
Supporting the LitmusRisk approach is a suite of reporting and data management tools that facilitate the reduction in traditional distribution costs typically associated with such specialist products, as well as identifying trends that further develop the product offering, and providing capacity with timely CAT modelling, aggregation and earnings information. LitmusRisk is linking an innovative underwriting process with new risk management and control technologies unique to the builders risk market.
