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QBE flags selective US construction insurance demand heading into 2027
QBE’s construction chief points to data centers as a key driver, while office and hospitality construction, plus single-family residential, remain weaker.
Insurance Business reports that construction growth in the US is becoming more selective, contributing to a more uneven construction insurance market as brokers steer toward infrastructure, advanced manufacturing, and dense urban development.
Ryan Powers, senior vice president and head of construction at QBE North America, said the company still expects modest growth, but it is concentrated in a narrower set of project types.
According to Insurance Business, Powers highlighted data centers as driving the overall construction sector, with additional pockets of opportunity including public infrastructure, battery plants, and potential semiconductor facilities.
The outlet added that office and hospitality construction are softer, single-family residential activity is subdued, and mixed-use and multifamily construction remains tied to high-density areas, with brokers seeing more fragmented demand amid ongoing labor and materials pressures.