Although the past few years have been difficult for contractors, their agents, and their carriers, there is room to grow profitably in this market. Economic conditions continue to be challenging, but I am encouraged by the industry's positive indicators: an increasing number of Public Private Partnership projects, a growing backlog of work, new jobs in heavy construction, and continued improvement in the unemployment rate for construction workers over the last several months when compared to prior year.
Demonstrating our commitment to the industry, The Hartford has taken many steps to make it easier for you to place construction business with us. Recently, we:
- Consolidated our midsize and specialty construction businesses to give you consistent underwriting, coverage and pricing;
- Enhanced our ability to help you write midsize and large contractors by adding 19 construction underwriting specialists to our team; and,
- Continued to expand our appetite and portfolio of risk management services.
We are approaching the market with renewed vigor and a focus on profitable growth. Working together, I'm confident that The Hartford and our agents will become formidable players in the midsize and large construction market.
During my first six weeks with The Hartford, I've had the opportunity to meet with some of you. I also know many of you from my previous roles. I look forward to developing new relationships with those of you I have't yet met and continuing to build on established relationships. In the meantime, please e-mail or call me (860-547-2400) if there is an opportunity or concern that you would like to discuss. I am here to help you achieve success with The Hartford Construction Group.
Thank you all for your support and commitment to The Hartford.
Vice President, Construction Insurance
The Hartford Construction Group
Hartford Plaza - T- 4
Hartford, CT 06115
Phone (860) 547-2400
Partnering with You to Build AmericaSM