Gallagher has recently announced a multi-year appointment as the professional indemnity (PI) broker for public services supplier Amey.
Amey is one of the UK’s largest infrastructure support service providers. Every household in Britain benefits from the work Amey does, from maintaining the UK’s road and rail infrastructure, keeping schools safe and clean, managing the UK’s defence estate, safely escorting prisoners and keeping prisons and courts secure, collecting and processing waste, as well as delivering utilities services. It is a subsidiary of global infrastructure and services operator Ferrovial.
Gallagher won the appointment following a competitive tender. It was chosen as a result of its clear understanding of Amey’s business and its diverse risk exposures, and how it could support the business in negotiating the challenging PI market. The strength of Gallagher’s dedicated PI capability within its construction practice played a deciding factor.
Gallagher is a leading provider of insurance and risk management advice to infrastructure firms, with a client portfolio which includes a broad range of UK and international owners, contractors and support services providers.
Julie Scott, Adviser, Gallagher’s Specialty construction practice, commented: “In recent years, the PI insurance market has seen narrowing coverage and increasing costs for placements in the construction and infrastructure sector. Effectively managing PI insurance in this challenging market requires the appointment of a specialist broker who understands the impact changes have on premium, risk management, policy coverage and claims, and can provide tailored advice and ensure competitive quotations from a range of markets and insurers.
“Gallagher has had a strong presence in the infrastructure sector for some time, but this significant appointment is a further step in establishing us as the broker of choice in this sector, and we are very much looking forward to working with Amey over the years to come.”
Lee Worth, Head of Insurance at Amey, said: “We chose Gallagher as the business demonstrated its expertise and robust approach as to how it could support with the challenges that Amey faces in the PI insurance market and it quickly stood out that Gallagher understood the business and the risks we face, and what we wanted to achieve. Their innovative and alternative approach was a clear differentiator.”