Willis Group Holdings announced that it has incorporated its US, UK and International hubs of mining expertise into one worldwide group practice, which will report to Steve Hearn, London-based Chairman of Global Markets International (GMI).
The new group will bring the leaders and teams of Willis’ main mining businesses under one umbrella. The leaders include Steve Higginson in Australia; Michael Barnfield in Bermuda and London; Tracy Tucker in the US and Andrew Wheeler in the UK.
Hearn Commented: “Mining companies need a globally aligned risk management partner that can fight in their corner for the best insurance coverage. This will become increasingly important with the continued impact of the global economy on commodity prices and company income. The constant threat of a spike in property rates from a significant natural catastrophe event, or severe machinery, property and business interruption losses, is something best managed with a partner who has strength and depth in industry experience which Willis can provide.”
“With the Willis Group Mining Practice, we are streamlining our resources into one global practice whose expertise and knowledge can be focused on finding unique insurance solutions for our Mining clients’ needs, from exploration to extraction, through to processing and distribution,” he added.
Source: Willis Group Holdings