Aon Launches Bermuda Facility to Boost U.S. Construction Insurance Capacity

Reuters01-21 23:46
Aon Launches Bermuda Facility to Boost U.S. Construction Insurance Capacity

Aon plc has launched the Bermuda Insurance Liability Top-Up $(BILT)$, a new insurance facility providing up to $50 million of excess casualty capacity for U.S. construction projects. This initiative expands Aon’s presence in Bermuda and enhances its offerings for project-based construction risks in the U.S. The BILT facility operates independently of Aon's existing London-based Liability Facility Top-Up (LiFT) and is supported by leading Bermuda insurers. Policy terms are available for up to seven years, with extended completed operations coverage, reflecting Aon’s commitment to supporting the growing U.S. construction market.

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