01 Jul 2021
Energy Market Update June 2021
Mining Insurance
Fullfilling Your Needs
Whether you’re a small exploration company or an established, production-phase mining business, Alesco offers tailored insurance programmes designed around your own particular needs.
We have worked with some of the world’s leading mining companies on a retail and wholesale basis. We place programmes for a huge variety of projects, including those using cutting-edge technology, deep-shaft-sinking projects, and mines in a wide range of terrains in 18+ countries globally.
Our team specialises in providing mining insurance across all classes, including casualty and property, across the mining project lifecycle from feasibility phase to decommissioning, as well as for the construction phase and for special contingencies such as kidnap and ransom insurance.
With an in-house claims team, excellent relationships in the Lloyd’s, London and international markets, and experience across diverse commodities, our specialist mining insurance capabilities enable us to deliver optimal results for our clients.
Tailored Programmes
Our team has a deep and very technical understanding of mining – we know how mines are constructed and how they operate, the shifting trends in the market, and the many challenges businesses operating in the mining industry may face.
Working with miners and contractors, traders and financiers operating across 25 diverse commodities from gold and silver to coal mining, lithium and uranium, we can provide the following mining insurance and risk management solutions, helping our clients to secure new commercial opportunities:
- Property & Casualty
- Directors & Officers Liability
- Construction & Environmental Impairment Liability
- Cargo
- Specie & Bullion
- Structured Credit and Political Risk
- Crisis Management, Terrorism, Kidnap & Ransom
- Personal Accident, Health & Travel
- Captives & Alternative Risk Transfer
Advantages
The breadth and depth of our experience means our advice is valued not only as insurance brokers, but as trusted risk management partners too.
Our experience spans projects of all sizes and stages globally. By working with us, you can benefit from:
- Pre- and post-placement advocacy services, including retention financing, funding and structuring, as well as due diligence and reviews.
- Risk assessments, risk engineering, risk management, and training and support in risk-related areas.
- Our close relationships with the most relevant underwriters in the London and international markets, meaning we know where appetites are strongest and can create the right insurance programme at competitive prices.
- A unique mining construction insurance facility, renewable annually or bi-annually with the same market and able to capture additional projects to maximise leverage across a whole project portfolio.
