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

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

Senior Vice President
rahul.sharma@uk.lockton.com

Placeholder image

David Lyle

Vice President
david.lyle@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

Is your Bitcoin mining operation prepared for the upcoming halving? As bitcoin mining rewards decrease, so does profitability. 
Our latest article explores the impact of halving on Bitcoin miners and how the right insurance program can continue to help safeguard your balance sheet and leadership.Bitcoin miners: Is your insurance program ready for the halving?

Healthcare & life sciences M&A: risks and insurance market trends

In mergers and acquisitions (M&A), 2023 was not the Covid-19 rebound year industry experts anticipated. Global deal activity reached a 10-year low, as high interest rates made it more expensive for companies to finance acquisitions. What’s more, cross-border deals have become tougher to complete following more stringent merger control and foreign direct investment regulations in many countries.In mergers and acquisitions (M&A), 2023 was not the Covid-19 rebound year industry experts anticipated. Global deal activity reached a 10-year low, as high interest rates made it more expensive for companies to finance acquisitions. What’s more, cross-border deals have become tougher to complete following more stringent merger control and foreign direct investment regulations in many countries.

How young drivers can reduce their insurance costs

For many within the specialist car community, there’s an understandable desire for the next generation to inherit their passion and enthusiasm for vehicles, old or new. Yet, when it comes to insurance, younger drivers typically face significantly higher premiums. In some cases, this can be enough to dissuade them from following in their parents’ footsteps.  For many within the specialist car community, there’s an understandable desire for the next generation to inherit their passion and enthusiasm for vehicles, old or new. Yet, when it comes to insurance, younger drivers typically face significantly higher premiums. In some cases, this can be enough to dissuade them from following in their parents’ footsteps.

Lockton Cyber & Technology UK launch a strategic partnership with PureCyber

Lockton Cyber and Technology UK are delighted to announce the launch of a partnership with PureCyber, a market-leading Cyber Security Delivery Partner. Lockton Cyber and Technology UK are delighted to announce the launch of a partnership with PureCyber, a market-leading Cyber Security Delivery Partner.
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