Everest Insurance expands construction builders risk policy

Everest Re Group Ltd. on Thursday said its primary insurance operation, Everest Insurance, has expanded its construction builders risk offering with a suite of new policy forms. 

The forms offer commercial builders risk coverage products targeting project-specific builders risk, master builders risk, specified perils and excess of loss, Hamilton, Bermuda-based Everest Re said in a statement.

The offering includes capacity up to $250 million in limits offered on both an admitted and nonadmitted basis depending on geographical jurisdiction.