Insight and Intelligence on the Global Facultative Markets

19 May 2012

$3.5bn losses drain 30% of mining market capacity

6 February 2012

A total of $2.7bn in natural catastrophe losses and an additional $835mn in operational losses have drained around 30 percent of capacity from the mining insurance market during 2011, according to a new report.

The $3.5bn estimated losses facing mining insurers caused global capacity for property damage and business interruption (PDBI) insurance to fall from $1.75bn at the beginning of 2011 to $1.25bn, according to the Willis Mining Market Review, released today (6 February).

"Whilst this does not represent the...

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