Castel Latent Defects
Solutions for first party latent defects construction risks.
Castel Latent Defects specialises in innovative, niche insurance solutions for latent defects in the commercial and residential property sector for both new build and refurbishment projects.
Specialty Expertise
Castel Latent Defects is led by Peter Wallace, a chartered engineer with 17 years industry experience in both civil engineering and engineering underwriting. Pulling together construction, engineering and insurance expertise, the Castel Latent Defects team adds value to its trading partners through their unique access to distribution.
Products
- Buildings
- Loss of Rent
- Mechanical & Electrical Inherent Defects Insurance
- Mechanical & Electrical Equipment
- Mechanical & Electrical Loss of Rent
Target Profile
- Commercial offices
- Distribution / logistics warehouses
- Student accommodation
- Hotels
- Private rental schemes
- Residential blocks / mixed-use developments greater than GBP 10,000,000 value (administered through Build-Zone)
- Other – data centres, prisons, airport hangers
Available Coverage
The team can underwrite risks worldwide, (subject to carrier licencing and local authorisations), with specific focus on the UK, EU, USA and Australasia. Capacity and line size assessed on a per risk basis. Up to GBP 125,000,000 is available for our share for the right risks on a total sum insured basis
