Backed by over 30 years’ experience, and supported by our network of partners around the world, our dedicated team of real estate and construction specialists have a detailed understanding of your particular issues and of your wider sector risks. We draw on our extensive network of some of the world’s best insurers to create a strategy that works for you.

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Global Real Estate and Construction

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Targeted risk solutions, built to last

In the real estate and construction sector, risk creates uncertainty that can increase costs, erode stakeholder confidence and hinder delivery of project goals. We use risk management and insurance strategically to reduce this uncertainty, giving your business a competitive advantage while protecting your bottom line.

Backed by over 30 years’ experience, and supported by our network of partners around the world, our dedicated team of real estate and construction specialists have a detailed understanding of your particular issues and of your wider sector risks. We draw on our extensive network of some of the world’s best insurers to create a strategy that works for you.

Wherever you are in the property/development cycle, we focus on your business, your risks and your needs. We work in partnership with you to develop solutions in your interests, supporting your firm’s long-term success.

What we bring to your business

  • Exceptional service - Lockton has a client retention rate of 98%, thanks to our exceptional standards of service and our commitment to meeting your changing needs

  • Full transparency - We provide open and honest advice and are fully transparent about fees, so you know exactly what you are paying for at every stage

  • Efficient claims - We understand the importance of a fast and proficient claims service and have our own in-house dedicated claims team for both real estate and construction claims, to assist every step of the way

  • Value assured - We negotiate the broadest terms at the most competitive rates – our policy wording goes beyond those of non-specialist brokers

  • The right solution - Whether you are looking for tailored cover or risk transfer solutions, we bring the same level of scrutiny, knowledge and enthusiasm to every client, making sure we understand every aspect of your needs and aspirations

Areas of expertise

  • International property portfolio risk programmes for residential and commercial real estate

  • Specialist solutions for contractors from house building to civil engineering projects worldwide

  • Total project insurance – you have control of the programme

  • Private finance initiative (PFI) and public private partnership (PPP) projects – due diligence consultancy for investors, lenders and government bodies

  • Power, energy, infrastructure and regeneration projects

  • Contingent and special risks, including rights to light, title, judicial review etc.

  • Risk management advice and guidance

Get the latest news

Keep up to date with industry news, topical articles and the events we are hosting through our monthly newsletter.

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Global Real Estate and Construction Team

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Richard Owen

Head of Lockton Global Real Estate & Construction
richard.owen@lockton.com
+44 0 7776 170 759

GREAC~

Mark Rose

Partner
mark.rose@lockton.com

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David Hayhow

Partner
david.hayhow@lockton.com

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Ben Warman

Partner | Practice Leader
ben.warman@lockton.com
+44 07810 815 863

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Jonathan Hackett

Partner
jonathan.hackett@lockton.com

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Freyr Mervick

Europe Contact
freyr.mervick@mt.lockton.com

General Inquiries

Get in touch

contactus@eu.lockton.com

News and Insights

The exponential growth and reach of social media have given consumer brands new platforms to engage with existing clients as well as to expand their client base. It can, sometimes in conjunction with partnerships with influencers, enable brands to target specific consumer groups and re-shape the image of products and brands. However, social media has also amplified the potential negative effects that statements or events can have on a company’s reputation, both in terms of frequency as well as severity.Addressing the reputational risk social media creates for consumer brands

Addressing the reputational risk social media creates for consumer brands

article
The exponential growth and reach of social media have given consumer brands new platforms to engage with existing clients as well as to expand their client base. It can, sometimes in conjunction with partnerships with influencers, enable brands to target speci ...
Read moreAddressing the reputational risk social media creates for consumer brands

How indexation helps to prevent underinsurance in real estate

High inflation has contributed to soaring reconstruction costs in real estate. This inflation is intertwined with high demand, supply chain issues, labour shortages, and expensive energy. Indexation can help keeping sums insured aligned with actual replacement costs, preventing insurance payouts from failing to cover the full costs of a loss event. High inflation has contributed to soaring reconstruction costs in real estate. This inflation is intertwined with high demand, supply chain issues, labour shortages, and expensive energy. Indexation can help keeping sums insured aligned with actual replacement costs, preventing insurance payouts from failing to cover the full costs of a loss event.

Why museums need a well-managed and scheduled collection

The recent theft of several objects from the British Museum has underlined the need for effective collection management among museums, galleries, and other collection-based institutions. While government-sponsored institutions will usually be covered for their losses by the state, private institutions will typically purchase commercial insurance. For such institutions, failure to demonstrate collection management best-practice could trigger negative consequences in the event of a loss, including financial or reputational damage, or less favourable insurance terms.The recent theft of several objects from the British Museum has underlined the need for effective collection management among museums, galleries, and other collection-based institutions. While government-sponsored institutions will usually be covered for their losses by the state, private institutions will typically purchase commercial insurance. For such institutions, failure to demonstrate collection management best-practice could trigger negative consequences in the event of a loss, including financial or reputational damage, or less favourable insurance terms.

Recent events create volatility for terrorism insurance

The global terrorism and political violence market has experienced increased volatility in recent years. Civil unrest in Chile, Hong Kong and South Africa generated significant losses. This was further compounded by the Russian invasion of Ukraine. In response, the market hardened quickly: insurers pushed for higher rates to offset losses, imposed more restrictive terms and adjusted their risk selection approach. Sublimits that had been available for extensions like “contingent business interruption”, “unnamed suppliers”, “service interruption” and “miscellaneous unnamed locations” were commonly excluded, as renewal negotiations became more protracted.The global terrorism and political violence market has experienced increased volatility in recent years. Civil unrest in Chile, Hong Kong and South Africa generated significant losses. This was further compounded by the Russian invasion of Ukraine. In response, the market hardened quickly: insurers pushed for higher rates to offset losses, imposed more restrictive terms and adjusted their risk selection approach. Sublimits that had been available for extensions like “contingent business interruption”, “unnamed suppliers”, “service interruption” and “miscellaneous unnamed locations” were commonly excluded, as renewal negotiations became more protracted.
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