As one of the leading insurance brokers within the engineering arena we have vast experience placing cover for clients throughout the sector. With a comprehensive knowledge of the market, we are in the best position to be able to source the right bespoke product in line with client requirements.

— PRODUCTS AND SERVICES

Global Engineering

Get in touch (opens a new window)

Our role is to ensure that you have the best cover for any eventuality

With any project from the earliest design concepts, through to the construction process and throughout its life cycle, there are associated risks and potential liabilities that have to be addressed. You can transfer some of these risks and liabilities into various insurance products or contracts, whilst others you retain and manage with proper risk management techniques or otherwise outright avoid. Lockton’s Global Engineering practice have personally supported a wide range of power generation projects globally with an estimated 165,678 MW (both operational and construction).

Renewable Energy

As one of the leading insurance brokers within the renewable energy arena we have vast experience placing cover for clients throughout the renewable energy sector. With a comprehensive knowledge of the market, we are in the best position to be able to source the right bespoke product in line with client requirements.

Renewable energy projects are becoming larger and more complex in scale as technologies evolve. With governmental focus shifting away from fossil fuels to less polluting sources of energy, the expansion of the industry shows no sign of slowing. Established engineering firms, energy providers and manufacturers are now joining forces with pioneers in renewable energy to keep up with demand.

They are among the largest companies in the world and are well accustomed to the challenges of major technical risks. Areas of Expertise include:

  • Onshore and Offshore Wind Turbines

  • Solar (PV/CSP)

  • Hydrogen

  • Biogas

  • Waste to Energy

  • Battery Energy Storage Systems (BESS)

  • Package Policies.

Power Generation

Our Power Generation offering provides both retail and wholesale advocacy in this sector. This capital-intensive sector faces increased pressure from evolving electricity market demand patterns and requires insurance solutions that evolve with them. The rise of renewables and the erosion of traditional base load markets have brought new participants into the power generation space, participants who require insurance risk transfer solutions that are responsive to the needs of both equity investors and finance Parties.

Areas of Expertise Include:

  • Combined Cycle Gas Turbines

  • Coal Fired Steam Turbines

  • Biomass/Biogas Turbines

  • Waste to Energy

  • Hydro Electricity

  • Transmission & Distribution Systems.

Oil and Gas

With the large investment of capital, resource, time and knowhow undertaken in any energy-related construction project, it is important to understand all the key aspects of risk associated with these construction projects. The construction team is specialised in this sector, with vast experience from refining, petrochemical, LNG, LPG, GTL , pipelines, gas processing and Hydrogen .

With this specialist expertise, Lockton has provided clients with innovative solutions, designed specifically for the project. Due to the long-term nature of any project, it is important that strong partnerships are formed in order to share the common goals and to assist with a comprehensive risk review.

Global Engineering Team

Placeholder image

Rahul Sharma

Partner
rahul.sharma@uk.lockton.com

Placeholder image

David Lyle

Vice President
david.lyle@uk.lockton.com

General Inquiries

Get in touch

enquiries@uk.lockton.com

Download our brochure

Our specialist global engineering team consists of industry experts who interact and negotiate with the insurance market day to day

Lockton Global Engineering Brochure
PDF957 KB

Latest news and insights

Global demand for digital infrastructure has never been stronger. Cloud computing, artificial intelligence, and everyday digital life are driving record investment in new capacity. But to secure growth, it’s essential to treat land as a strategic risk asset – bringing significant value, but also introducing severe exposures from power availability to planning permissions.Why land is a strategic risk asset for data centres

Why land is a strategic risk asset for data centres

article
Global demand for digital infrastructure has never been stronger. Cloud computing, artificial intelligence, and everyday digital life are driving record investment in new capacity. But to secure growth, it’s essential to treat land as a strategic risk asset – ...
Read moreWhy land is a strategic risk asset for data centres

Digital assets and probate: key considerations for executors

Digital assets – from cryptocurrency and non-fungible tokens (NFTs), to stablecoins, central bank digital currencies (CBDCs), and more – is a rapidly evolving field. Once a niche interest, around 12% of UK adults now own some form of digital assets – equivalent to 7 million people. According to Financial Conduct Authority research, consumers increasingly view these assets as part of their wider investment portfolio. For law firms and solicitors working in wills and probate, it is becoming increasingly common to see estates that include some form of digital assets. But with this comes new forms of risk – which practitioners can no longer afford to overlook:Digital assets – from cryptocurrency and non-fungible tokens (NFTs), to stablecoins, central bank digital currencies (CBDCs), and more – is a rapidly evolving field. Once a niche interest, around 12% of UK adults now own some form of digital assets – equivalent to 7 million people. According to Financial Conduct Authority research, consumers increasingly view these assets as part of their wider investment portfolio. For law firms and solicitors working in wills and probate, it is becoming increasingly common to see estates that include some form of digital assets. But with this comes new forms of risk – which practitioners can no longer afford to overlook:

Ensuring the bankability of long duration energy storage

As renewable energy plays an increasingly vital role in the global energy mix, forms of long-duration energy storage (LDES) are vital to meet overall energy demand, manage price volatility, and ensure reliable supply during periods of low generation. But as energy demand continues to grow, developers are increasingly targeting longer durations, and more complex projects. Inevitably, this introduces new challenges and risks that must be managed to make LDES a bankable prospect.As renewable energy plays an increasingly vital role in the global energy mix, forms of long-duration energy storage (LDES) are vital to meet overall energy demand, manage price volatility, and ensure reliable supply during periods of low generation. But as energy demand continues to grow, developers are increasingly targeting longer durations, and more complex projects. Inevitably, this introduces new challenges and risks that must be managed to make LDES a bankable prospect.

5 key claims trends impacting insurance brokers’ PII

The market for insurance brokers’ Professional Indemnity Insurance (PII) has seen claims surge in recent years. Economic turbulence, regulatory changes, and the complexity of modern insurance products mean that brokers are experiencing more frequently and costly claims than ever before. These often stem from issues around the quality of advice, and a lack of clarity around coverage – leaving brokers to navigate a volatile risk landscape.The market for insurance brokers’ Professional Indemnity Insurance (PII) has seen claims surge in recent years. Economic turbulence, regulatory changes, and the complexity of modern insurance products mean that brokers are experiencing more frequently and costly claims than ever before. These often stem from issues around the quality of advice, and a lack of clarity around coverage – leaving brokers to navigate a volatile risk landscape.
See all news and insights

We're here to help

We bring creative thinking and an entrepreneurial spirit to the insurance business and are uniquely positioned to help you succeed.

Talk to our team
culture-quote-tiernan