WHOLESALE INSURANCE PLACEMENTS
Specialist Support,
Shaped Around Your Client.
Cruden Read works alongside retail brokers on construction, engineering and mining risk.
You bring us the account, we bring the manuscript wordings, the market relationships and the technical work behind the placement. We are a broker, not an agent to any insurer, and we act in the client’s best interests throughout.
The client stays yours.
$40M+ in premiums placed annually
Australian + London insurance markets
100% focused on construction, engineering + mining
Backed by ASX 200 AUB Group
90+ years’ collective experience
What We Cover
We place Contract Works and Liability across the full spectrum of the construction sector, from principal arranged programmes to head contractors, civil contractors, trade contractors, engineers, subcontractors and consultants. Our role sits alongside your brokerage rather than in front of it.
Local and London market access.
Placement agreements are already in place, giving us access to the London market.
Manuscript wordings for the core classes.
Contract Works and Construction Liability, annual or project-specific, plus Delay in Start Up on a project basis.
Wholesale placement beyond the core.
We also place Environmental Impairment Liability and Defects Liability Insurance, known as Decennial Liability.
Contract and agreement reviews.
We assess insurance and indemnity provisions, and how your client currently passes risk to subcontractors.
Gap analysis and staff presentations.
We find exposures carried without cover, then brief your client’s project team on how the programme works.
An ad-hoc help desk.
Technical assistance and strategic claims management at your fingertips when a question or a claim gets complicated.
How the Partnership Works
Placement is one part of the engagement. Much of the value sits either side of it: what your contract obliges you to carry, what cover your subcontractors actually hold, and how your business is presented to underwriters.
Engage us early.
Ideally at the start of a renewal or project engagement, and before you approach any market other than the incumbent.
We agree on the approach first.
The risk approach, pricing and coverage expectations, and placement strategy are settled with you before we go to market.
Send us the background.
Insurers want a detailed view of the business and how risk is managed, so the quality of the submission can shape the response you get.
Local market first, London if needed.
We place primarily with our key local partners, and discuss coverage and pricing expectations with you before approaching our London broker.
You keep the account.
The client relationship stays with you, partner brokers maintain their usual market brokerage levels, and we never act as an agent to any insurer.
Four Reasons Brokers Partner With Cruden Read
Protection from competition.
International brokers often pursue accounts on the strength of their specialisms. Partner with us and you can offer the same specialist capability while retaining your client relationship.
Wordings equivalent to tier one contractors.
We place only with markets that accept our manuscript wordings, and only with insurers rated S&P A or better.
Technical and claims assistance.
An ad-hoc help desk for the hard questions, backed by senior people who understand you and your client’s coverage and can support complex claims.
A growth opportunity, not a handover.
Pursue construction risks that may otherwise sit outside your capability, while keeping the client relationship with you.
The People Who Answer
Cruden Read was founded in 2018 by Jeremy Read and Leigh Cruden. Drawing on their experience with major international brokerages and some of Australia’s largest and most complex construction accounts, they saw an opportunity to do things differently.
Today, Cruden Read brings together a team of experienced construction insurance specialists, combining deep expertise in construction risk and risk transfer to provide you with direct access to senior staff and exceptional client care.
From the Clients and Brokers We Serve
Come to Us Before You Go to Market
Best results come from engaging us at the start of a renewal or project, before marketing begins. We can then work directly with you through the risk, pricing and coverage expectations, and placement strategy before approaching the market.
