Subcontractor default insurance (SDI) transfers subcontractor default risk to an insurance carrier, ensuring that the policyholder is reimbursed and enabling the work to be completed. Unlike ...

With construction teams navigating the effects of the COVID-19 pandemic and the world’s material supply chains, securing project performance has perhaps never been at such a premium. If a contractor ...

In a dispute between a general contractor and its window subcontractor arising from a $500 million construction project in Manhattan, a question arose concerning the extent to which an insurer ...

Headlines such as “US set for recession next year, economists predict,” from the June 12 edition of the Financial Times, are a reminder insolvency risks are real and should be top of mind when moving ...

NEW YORK, July 17, 2012 /PRNewswire/ -- To help contractors minimize subcontractor performance risks, the North America Construction insurance unit of XL Group plc (NYSE: XL) today announced two new ...

Subcontractor defaults often cause major problems for construction projects which, in turn, cause problems for the general contractor vis-à-vis the owner. Subcontractor defaults often cause ...

NEW YORK, Sept. 30, 2021 /PRNewswire/ -- AXA XL's North America Construction business has promoted three in its Subcontractor Default Insurance business including the appointments of Cyrus Manekshaw ...

A combination of macroeconomic factors and a desire to drive top-line revenue continues to lead many subcontractors to underbid projects, sometimes unintentionally, ultimately contributing to ...

Axa XL Insurance has promoted Cheri Hanes, formerly subcontractor default insurance construction risk engineering manager, to vice-president, head of innovation and sustainability for its North ...