Project Cargo

Capacity that leads, not just follows. Built for specialist construction and installation risks, from single-site placements to complex, phased infrastructure projects. Recognised by brokers for technical consistency, underwriting confidence, and sector insight.

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Why choose RSA for Project Cargo insurance?

Underwriting insight and technical oversight — all in-house

We combine technical insight with underwriting authority to deliver end-to-end oversight all in-house. That means deeper understanding of risks, more tailored cover, and faster sign off. Our approach brings engineering rigour to decision-making and can help reduce additional marine warranty surveyor costs.

Industry-leading capacity

You bring the big risks. We bring the capacity. Through our BUILD consortium with BRIT, we offer up to $300 million in capacity - and can deploy up to 100% on suitable risks - making it one of the largest providers in the market.

Ease of placement

VRIs in minutes. Full quotes in 24 hours*. A rating engine designed for Project Cargo and delayed start up (DSU). Our speed gives brokers a clear commercial edge helping you act faster, reduce delays, and win more with confidence.

Close up of marine workers and ships rudder

How we deliver for you

We understand the pressures you’re under - tight timelines, complex risks, evolving infrastructure. We’re built to handle that, not just with technical depth but with processes, people, and speed that give you real certainty.

With RSA, you get a specialist partner who brings capacity, engineering, and faster quoting together. This will help you to deliver on high expectations, without compromise.

What we cover

Project Cargo insurance covers more than just physical loss or damage to materials in transit. It’s designed to support the full project lifecycle, from sourcing and shipment to on-site delivery and start-up delays. Our cover is split into two core parts:

1 - Cargo

Covers physical loss or damage to goods, materials or equipment essential to a project’s construction, operation, or maintenance, including during transit from manufacturer to site. Coverage follows international standards, with in-built risk management insight where needed.

2 - Advanced loss of profits and delay in start-up

This extension provides financial protection against business interruption caused by physical loss or damage to key items during transit. Helps mitigate costly delays in project delivery and start-up. Cover can also include increased working costs, fixed costs, and debt servicing.

Our appetite

We provide cover for a wide range of engineering-led construction projects globally, including (but not limited to):

Power generation plants
Wind farms
Gas and oil refineries
Water treatment facilities
Extraction of minerals, metals and ores
Rail infrastructure
Petrochemical plants
Civil and commercial property developments

Aerial shot of green ship transporting cargo

The BUILD consortium

BUILD is a Project Cargo consortium formed by RSA and BRIT to share risk and profit, with a total capacity of $300 million.

Launched in 2024, the consortium is one of the largest in the cargo market globally. It offers guaranteed capacity of up to USD $300 million for Project Cargo risks worldwide.

Meet the Project Cargo team

Richard Landers, Senior Cargo Underwriter and Project Cargo Specialist

Richard has over 30 years of marine cargo risk engineering experience, and is well positioned with experience to deal with complex global placements. Uniquely experienced in the marine market - from infrastructure, renewables and oil and gas, to stock throughput and DSU. Richard possesses the experience to be able to understand the complex engineering risks associated with project cargo, and is backed by his expert engineering team.

Stephen Fiddimore, Specialty Lines Underwriting Lead - Cargo

Stephen leads RSA’s UK Cargo underwriting portfolio, bringing over 30 years of experience in marine insurance. He is responsible for underwriting strategy, portfolio performance, and delivering tailored solutions for complex global cargo risks. Stephen represents RSA at the Joint Cargo Committee, where he contributes to market-wide standards and best practices. Known for his technical expertise and deep understanding of the London Market, he is a trusted partner to brokers and multinational clients.

Portrait image of Sophie de Jong, Assistant Underwriter for Marine - Cargo

Sophie de Jong, Assistant Underwriter - Cargo

Sophie began her career as an apprentice where she built her knowledge in Project Cargo and traditional cargo risks. Sophie works closely with the underwriting team, supporting the placement of risks and managing a range of administrative and operational tasks essential to the underwriting process.