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Mining
The mining industry carries unique hazards. Mining activities quite often take place in hostile environments and employ complex and expensive machinery. To understand the scope of the risks involved in this industry, JLT dedicates considerable resources to understanding the operations of our mining clients.
JLT's mining industry practice operates on a global basis, drawing upon the most appropriate resources, wherever they may be located, to design risk solutions for our clients. JLT's activity in the mining sector ranges from arranging major structured property and casualty risk facilities through to creating credit and political risk insurance security packages for mine development finance. In addition, we provide expert advocacy in the negotiation of complex physical damages and liability claims.
We cover mining operations ranging from coal, copper and gold to uranium. We are a significant participant in almost all areas of mining risk and insurance. For example, we currently place more US coal mines into the London Market than any other broker.
JLT employs staff with mining expertise in most key mining centers in the world. In addition to our capabilities in the areas of property and casualty risk, JLT has substantial expertise in almost all other areas of risk faced by companies operating in the mining sector, including:
- Alternative Risk Transfer Solutions
- Captive Management
- Cargo and Marine Perils
- Claims Consultancy
- Directors and Officers Liabilities
- Political Risk
- Trade Credit Risk
- Warranty and Indemnity Exposure
We also have a very significant and extensive track record in working with equipment suppliers, utility suppliers, lenders and commodity traders who engage in business with the mining industry. |