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LONDON, Sept. 11, 2019 (GLOBE NEWSWIRE) -- Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, today launched its Mining Risk Review 2019 which shows that although there are key uncertainties that need to be addressed in both the mining and insurance industries, global mining insurance did not yet constitute a truly hard market.
Releasing the Review, Graham Knight, Global Head of Natural Resources, Willis Towers Watson, commented: “Our 2019 Review is being published in the aftermath of yet another tailings dam tragedy. But from an insurance perspective, although rates are generally hardening as a result of tailings dam and other losses, this is still not yet a truly hard market. Capacity remains plentiful by historical standards and when rates are on an upward trend, we are by no means in a truly distressed situation.”
The Review also reveals four key uncertainties within the mining industry that need to be addressed:
A link to the report can be found here https://www.willistowerswatson.com/en-GB/Insights/2019/09/mining-risk-review-2019-addressing-uncertainty
About Willis Towers Watson
Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 45,000 employees serving more than 140 countries and markets. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.
Sarah Booker +44 (0)7917 722040