Overview
Mining operations have a raft of complex risks and exposures to reckon with and many require unique, tailored solutions.
We are a leading mining insurer offering bespoke insurance products to our mining clients worldwide. We offer capacity through our Lloyd’s platform, Syndicate 382, and through The Mining Consortium at Lloyd’s 4977 for which we are the lead underwriter.
In addition to the provision of financial protection, clients consider our risk engineering services an invaluable benefit to them. Our risk engineers can clearly identify the risks and hazards particular to mining and provide pragmatic, rather than prescriptive, risk improvement advice, developing the basis for long-term partnerships with our clients.
Who do we insure?
We insure metal and mineral mining operations, both open pit and underground, for a wide range of commodities. We do not underwrite coal risks except as part of a larger diversified mining portfolio.
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Core Appetite Commodities:
- Gold
- Copper
- Base Metals incl. Zinc and Nickel
- Platinum Group Metals
- Diamonds
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Our underwriting philosophy dictates that each and every risk is assessed by our specialist risk engineers to ensure coverage is tailored to the specific needs of the policyholder.
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Mid-sized miners in which we specialise:
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Worldwide with geographic expertise in:
- Americas, Africa & Australasia
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What do we cover?
We ensure that coverage is suitable to each risk assessed. Due to the vast array of exposures associated with different mining operations, there is no level of ‘standard’ cover. Instead we will use our underwriting expertise and risk engineering knowledge to tailor coverage to each risk according to the exposures presented.
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Core Coverage:
- Property
- Machinery Breakdown
- Business Interruption
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Additional Coverage Available:
- Political Violence
- Casualty
- Marine Cargo
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✓ All risks Property Damage including Machinery Breakdown and consequential Business Interruption
✓ In conjunction with CNA Hardy underwriting teams, we can offer coverage for additional classes including Terrorism & Political Violence, Casualty and Marine Cargo
✓ Risks are written on a direct or facultative basis with a flexible approach allows us to consider Primary, Excess of Loss, and Quota Share business