We are proud to announce that Stan Alexandropoulos and Glenn Ross have been recognised in the Insurance Business Global 100, a prestigious list highlighting the most influential insurance professionals and brokers worldwide.
MECON NZ, a trusted construction underwriting agency, is expanding its offer to brokers through a strategic collaboration with Artisan Underwriting—bringing a powerful D&C PI solution to the New Zealand market supported by Lloyd’s capacity and tailored to construction-sector needs.
MECON Insurance strives to create innovative solutions to help our insurance brokers better protect your clients, and Builders Advantage is the newest addition to the toolkit. After feedback from our brokers, we designed this endorsement to address concerns surrounding fixed-price contracts and project duration overruns. Fixed-price contracts have been instrumental
MEDIA RELEASE: MECON Insurance joins forces with Underwriting Agencies of Australia Sydney, Thursday 7 July 2022, Australasia’s largest underwriting agency group, Steadfast Group (Steadfast), today announced that two Steadfast Underwriting Agencies, Underwriting Agencies of Australia (UAA) and MECON Insurance (MECON), will merge. From 1 July 2022, UAA, a specialist in mobile plant
Dear all Firstly a word to the wise: If you have been following the media relating to the construction industry, you will know that your clients in construction are very likely to need their maximum sums insured increased (by as much as 45%) and the maximum duration for project builds (by
When you take out an Annual Projects policy, it can be set up on a run-off or annual turnover basis. Usually depending on the type of projects you take on, and how many you take on, you can choose which type of policy suits you best. Fast Facts MECON’s run-off
Many factors present uncertain financial risks to contractors who are building in today’s environment. For example: supply chain delays, increasing material and labour costs, weather perils and pandemic. (Contractual solutions for these risks were provided in April’s newsletter link here.) However, one factor remains certain, MECON’s commitment to its brokers
This year, it would seem ‘ongoing change’ is the ‘new normal’! We’ve gone from remote working to a hybrid return to work, we launched our completely revamped broker platform, MECONLINE, and we’ve also had a number of people changes and promotions, starting with none other than our new General Manager
The construction industry we support has suffered through COVID with: Supply chain delays Material shortages Labour cost increases Liquidated damages exposure (through delays) Impact of fixed-price contracts (with costs increasing) Contracts incepted before COVID hit not having terms allowing for the effects of COVID or Force Majeure. As if this
We recently had environmental scientist Tim Jarvis in our office to talk about sustainability and building climate change resilience. There is so much information and misinformation that it’s difficult to know what to do and how when it comes to looking after our environment, but Tim was able to offer
