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Mid-Year Mining Market Update 2015


The global insurance marketplace for mining risks remained buoyant in the first half of 2015, with abundant capacity, a slide in rates for a significant majority of property and terrorism risks, and stable casualty market conditions. 

The latest Mining Market Update features market commentary across the key international markets and key mining hubs of Australia, Canada, Latin America, South Africa, and the US. 

Key findings from the update include:

  • While rates have been declining over the short term, a five year view of rates and exposures suggests further rate reductions may be sustainable.
  • International markets are closing the gap in competitiveness versus domestic markets.
  • Deductibles remain largely unchanged, but amendments are becoming marginally more prevalent and changes are achievable within the majority of markets.

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.