The Willis Towers Watson Mining and Metals Group is a recognised global leader in risk management with deep knowledge and understanding of the sector's major issues. Our specialists work with mining clients throughout the world and have developed risk solutions for both domestic and global exposures.
Our clients range from the world's largest mining conglomerates to small independent operators. We understand the full spectrum of risks that mining companies face and the significant challenges that arise through all phases of project development and at every stage in the corporate lifecycle. Our role is to help manage the volatility of your business in order to bring a greater degree of certainty. We view ourselves as a strategic business partner, focused on delivering real value both in risk management and risk transfer.
Helping our clients to control and effectively manage their evolving risk and regulatory challenges is at the core of our proposition. Many of our clients operate some of the largest and most complex projects in the Mining sector and do business in some challenging territories and environments. Our specialists have the experience, industry expertise and training to deliver clear guidance, at speed. So wherever a client may be in the exploration, production, construction or operational life cycle, we ensure that their risks are effectively managed from a contractual and regulatory standpoint. Our team of in-house lawyers and wording specialists are experts in reviewing existing contract obligations and in developing best in class wordings to maximise protection and help limit liability.
Mining and metals businesses are operating in an environment characterised by increasingly complex risks:
Many of our specialists have previous experience as Mine Managers, Risk Managers and Mining Underwriters, and have the breadth and depth of industry knowledge and experience to advise on a wide range of current and emerging risks. The Willis Towers Watson Mining and Metals specialists operating around the world, located primarily in hub offices in London, North and South America and the Australasian region, understand the challenges faced by your industry and have market leading sector experience in harnessing risk identification, retention and mitigation tools to traditional risk transfer solutions.
We understand how your risk profile changes as you move through the mining life cycle, from the pre-feasibility stages all the way through to rehabilitation. We are able to accurately identify, assess and track key insurable and non-insurable risks that may affect the delivery of your business plan. Our Mining Risk Engineers have direct experience of working in senior roles in the industry, while publications such as the market-leading Natural Resources Market Review give you in-depth analysis of issues affecting the Mining sector.
Identifying and analysing your risk
Effective risk management strategies are those that are embedded across the enterprise. Willis Towers Watson Mining and Metals specialists work with our analysts to bring the most modern and sophisticated risk management techniques to your programme, thereby enhancing your risk culture and optimising your risk costs. We operate as a strategic business partner and challenge assumptions to deliver the best solutions, and ensure that risk management strategies are aligned and integrated with operational goals to reduce uncertainty and enhance your market position.
Our risk management specialists regularly reassess strategies so that they remain relevant to your business – this is not a one-off process confined to the insurance renewal. We help captive insurance companies to deliver the most efficient financing and the most responsive services to both Group and business unit management.
Optimising your risk
We combine sector knowledge with analytical capabilities to design optimal risk programmes. We apply proprietary risk analytics, tools and sector knowledge to help our clients make more informed risk management decisions. Our risk analysts understand the models used by the insurance market, and combine this knowledge with proprietary tools and technologies to give you the advantage. We establish the most economically efficient balance between risk transfer and retention by setting appropriate limits and deductibles in line with your risk appetite. The results from the analytics justify insurance buying strategies to senior management and other stakeholders.
Protecting your risk
Our risk engineers complement our clients' own engineering expertise, to reduce their exposure to loss and improve their operational resilience. We create a wider pool of potential insurers for our clients through the provision of high-quality technical information.This is supplemented by analytics and benchmarking from our wide client base and policy wording expertise, which enables our clients to benefit from the broadest coverage available in the insurance market.
Our risk management specialists regularly reassess client programmes so that they remain relevant – this is not a one-off process confined to the insurance renewal. We ensure that our approach to risk transfer is fully aligned to our clients' business and their strategic priorities, through achieving premium efficiency by obtaining broad and clear coverage at the most competitive price, through access to global markets via specialist industry hubs around the world and through transparent market selection, based on statistical analysis of insurer competitiveness, rating, claims performance and service. We also ensure the generation of new market capacity for the sector from both mature and developing markets, as well as ensuring that the interests of lenders are upheld ( as well as other stakeholders in the client's risk financing arrangements).
Developing long term solutions for your risk
Having a robust understanding of key exposures through the project value chain is a vital part of effective risk management. So we provide solutions for the additional Directors & Officers' exposures that new projects bring, while our Project Finance team offers expert advice on M&A transactions and joint venture agreements across the world. We are one of the world's largest Political Risk brokers and understand the investment risks associated with doing business in less secure environments.
We are also focused on protecting the financial metrics of our clients, their people and their assets. We understand that as your company grows, you need reliable information on territories into which you are expanding. So we provide territorial and project specific reports to help our clients make better decisions regarding investment strategies, as well as risk assessment reports in order to help reduce project investment risk profiles. This information can increase the Board's confidence levels in strategic decision making.
What our clients think?
Mining & Metals global reach
LONDON AND EUROPE
Global Head of Natural Resources
Direct: +44 (0)20 3124 6236
Direct: +44 (0)20 3124 6620
Fred Smith IV (Knoxville)
Direct: +1 865 583 3746
Joe Seeger (Calgary)
Direct: +1 104 705 0373
CENTRAL AND SOUTH AMERICA
Tom Holliday (Lima)
Direct: +51 1 –700-020044
Steve Jenkins (Singapore)
Direct: +65 6591 8682
Adrian Read (Johannesburg)
Direct: +27 11 082 8706
Ngineman Coulibaly (Nigeria)
Direct: +234 817 237 9244
Petr Sudoplatov (Moscow)
Direct: +7 495 956 3435
Scott Kirkwood (Brisbane)
Direct: +61 (7) 3167 8504
Martyn Thompson (Sydney)
Direct: +61 2 9285 4174