Mekong Re - Engineering

Engineering Reinsurance

Bespoke Engineering Reinsurance Across All Project Touchpoints

We make it easy to safeguard critical aspects of the engineering industry, providing a huge range of coverage and risk management strategies. In particular, we deal with risks associated with engineering projects — like construction, infrastructure development, and large-scale industrial operations.

Our underwriters are highly experienced and qualified to handle a range of plants and factories — including chemical, steel, power and coal plants, for example. We write all classes of on- and offshore engineering risks.

Our Approach to Engineering Reinsurance

We approach engineering risks in a number of ways — including quota share treaties, surplus share treaties and non-proportional treaties.

By assuming some of their risk, we make it easier for our primary insurers to take on larger projects. In support of this, we provide technical advice and expertise in the assessment and management of complex engineering risks.

We’re adept at analysing any risk type, which if left unchecked, could lead to significant losses. We help insurers globally, and provide comprehensive, tailor-made policies focused on the specific needs of engineering projects.

Types of Coverage

Risk Appetite

Engineering direct and facultative risk — up to $ 8 million per programme
Property and engineering risk excess of loss — up to $10 million per programme
Engineering proportional treaties — up to $10 million per programme

Offering Coverages for Project & Operational Risk

Project risks
Construction All Risks (CAR)
- We cover all types of construction projects, including buildings, bridges, roads, and dams. Provides protection against physical damage to the works, construction plant and equipment, and third-party liability
Erection All Risks (EAR)
- We cover erection and installation of machinery and plants, as well as risks present during the erection and installation phases. This often includes testing and commissioning

Operational Risks

Machinery Breakdown (MB)
- We cover the sudden and accidental physical damage or breakdown of machinery. Often includes coverage for consequential losses such as business interruption
Boiler and pressure vessel insurance
- We provide coverage for damage to boilers and pressure vessels due to explosion or collapse
Electronic Equipment Insurance (EEI)
- We cover electronic equipment such as computers, communication systems, and medical devices. This also includes protection against physical damage, theft, and operational risks

Careers

Working at Mekong Re is fast and dynamic. It’s diverse and inclusive, and provides a world of possibility for advancement and innovation — all while helping people to look after the things they care about the most.

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