Build-Zone renews two ‘A’ Rated Binders
Structural Warranty provider, Build-Zone, has renewed two ‘A’ Rated insurance binders with AXA XL and Fidelis Underwriting Limited / Fidelis Insurance Ireland DAC, enabling them to continue to write Inherent Defects Insurance (IDI) and Structural Warranty business in the UK and Ireland.
Build-Zone has some of the largest ‘A’ Rated capacity available in the market and can cater for 10 or 12-year Structural Warranty policies across the Residential, Social Housing, Mixed-Use, Build-to-Rent, Student Accommodation, and Commercial space and can work directly with Developers, Contractors, Architects, Engineers, Project Managers, Lenders, and other Construction Professionals, as well as their panel of specialist Insurance Brokers.
Joe Gooden, Head of Broking and Business Development at Build-Zone said:
“Researching and having confidence about the insurer that sits behind a brand is key when selecting a Structural Warranty provider for your new development, especially in a world where UK-regulated, rated capacity is extremely hard to come by. I am delighted to announce that Build-Zone has renewed two of our ‘A’ Rated Binders, enabling us to continue to write Inherent Defects Insurance and Structural Warranty business in the UK and Ireland.”
After a very successful time working with AXA XL, Build-Zone is pleased to continue developing that relationship, which focuses on the housebuilding sector, together with sub £5m Contract Value Blocks and Commercial Developments.
AXA XL Insurance Company UK Limited (formally XL Catlin Insurance Company UK Limited) carries an A+ rating from A.M. Best and an AA- from Standard & Poor’s Global Ratings (S&P) and is part of the AXA group, one of the largest insurers in the world.
In addition, Build-Zone secured a 3-year exclusive with Fidelis Underwriting Limited & Fidelis Insurance Ireland DAC, after a very successful 4-year period of working together on their Major Projects business. Fidelis is a multi-class global insurer and reinsurer and carry an A (Excellent) rating from A.M. Best and an A- from S&P.
Build-Zone is part of Aston Lark and was created as a 10-year Structural Warranty provider in 2003 and is experienced in underwriting Structural Warranties for all types of developments, from a single unit new home warranty to large residential or commercial latent defects insurance.
About Aston Lark
Aston Lark, a Howden company, is on a journey to become the most trusted Chartered insurance broker and employee benefits advisor in the industry. With 1,900 employees across more than 60 offices in the UK and Ireland, 200,000 customers and more than £1.1bn of GWP, our expertise is vast and spans all commercial sectors, industry-specific schemes, employee benefits consultancy, and a wide range of private client solutions.