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Subcontractor Default Insurance

Marsh’s construction practice experts give their insight into subcontractor default insurance and capacity changes on a global and regional basis during Q1 2024.

SDI rates within the US and Canada remained relatively flat in 2023, despite significant increases in subcontractor defaults over the past two years. 

Capacity increased as a result of two recent market entrants and terms typically improved.

Available in the US and Canada only

Global construction market update

Global macro trends point to an encouraging outlook for the construction sector.