Munich Re Facultative & Corporate (F&C)

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Comprehensive insurance solutions for large-scale construction projects

Tailored risk management for the engineering industry

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    Ensure successful construction projects with customized risk solutions and insurance.

    Owner or contractor-driven construction projects require extensive technical know-how, considerable investment and expertise in all areas. The complexity of multi-stage, construction and infrastructure projects all over the world also creates a greater need for consistent risk assessment and customized insurance solutions.

    With Munich Re, you have a reliable, long-term full-service partner dedicated to your success. From planning to operation, we support you in realizing complex large-scale projects. Our team of over 200 specialists brings extensive technical and underwriting expertise, guiding you through every construction phase. We cover a wide range of projects worldwide, including civil infrastructure, commercial and residential developments and industrial facilities.

    Our offering

    Construction/erection of new projects
    Operational damage cover
    • CAR*:  Construction All Risks: for infrastructure projects such as roads, bridges, tunnels, airports, ports, hydropower plants, and more
    • EAR*: Erection All Risk: industrial plants, refineries, data centre, petrochemical/chemical, steelworks, semiconductor and battery plants, mines, etc.
    • CPI/CEAR*: Comprehensive Project Insurance: CAR and EAR combined in a single policy
    *Builders Risk (US) and Course of Construction (CAN)
    • MB**: Machinery Breakdown insurance for plant and machinery
    • CMI**: Comprehensive Machinery Insurance: machinery breakdown, which covers machinery and equipment against internal and external damage, including damage caused by natural disasters
    • CECR**: Civil Engineering Completed Risks: Cover on an annual basis for completed highways, tunnels, bridges and rail transportation systems, etc.
    **Annual policy offering
    Time element cover/Business interruption (BI)
    Special cover
    • ALoP/DSU: Advanced loss of profit/delay in start-up
    • MLoP: Loss of Profit insurance for Machinery 
    • Bespoke/manuscript wording in addition to standard market wording
    • Latent/Inherent Defect Insurance (IDI/Decennial) (in selected markets)
    • Coverage for offshore wind and interconnectors

    Why choose Munich Re?

    Trusted expertise

    Reliable long-term partnership

    Seamless claims handling

    Financial strength

    With over 200 specialists, including many engineers, we offer in-depth expertise in risk assessment, risk control and claims management. Our team, which has experience with similar projects worldwide, integrates technical, legal and economic perspectives and works closely with you – before, during and after construction. This provides you with valuable insights that help you to keep your project on track and to identify and minimize risks.
    With long-standing industry experience and significant financial capacity, we provide stability and expertise you can depend on.
    Our complex claim experts bring technical knowledge and case insights to ensure your claims are resolved efficiently.
    Our financial strength is highly rated by the industry’s leading rating agencies: A.M Best A+ (superior), Fitch AA (very strong) and S&P Global Ratings AA (very strong). We have a total net capacity up to 250 Mio. USD/EUR – offering comprehensive protection.
    Clemens Zipper, Chief Underwriting Officer Energy & Construction
    Our specialists work with you to find the optimal solution for your project's investments. Based on their practical experience and insurance knowledge, they understand the language of your technical experts, project participants and construction managers on site.
    Clemens Zipper
    Chief Underwriting Officer Energy & Construction

    Get in touch

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    Contact our expert

    Achim Dosch
    Achim Dosch
    Underwriting Manager, Munich, Natural Resources Construction
    Munich Re Facultative & Corporate
    Brody Willys
    Brody Willys
    Underwriting Manager, Munich, Civil Engineering Construction
    Munich Re Facultative & Corporate
    Bernhard Müller
    Bernhard Müller
    Underwriting Manager Power & Utilities, Operational & Construction
    Munich Re Facultative & Corporate
    David Thompson
    David Thompson
    Underwriting Manager, London, Operational Power & Construction
    Munich Re Facultative & Corporate
    Munich Re Engineering Team Lead Doug Akerson
    Doug Akerson
    Underwriting Manager, New York, Operational Power & Construction
    Munich Re Facultative & Corporate
    Stewart Derek
    Derek Stewart
    Underwriting Manager, Toronto
    Canadian domiciled risks placed through Canadian brokers
    Carlos Leon
    Carlos Leon
    Underwriting Manager Property/Engineering, Bogota
    Tim Tse
    Tim Tse
    Head of Facultative & Corporate SEA, Singapore

    About Munich Re F&C: Leveraged expertise for individual and portfolio risks

    Munich Re F&C offers facultative reinsurance and corporate insurance solutions for large companies. With our collaborative approach and deep knowledge across all industries, our clients benefit from our risk assessment expertise, customized products and financial stability. Our client focus is rooted in our commitment to fostering partnerships for the long term. With our traditional and our innovative risk transfer solutions, we support you around the globe across all lines of business.

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