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Mining Reinsurance

Mining Solutions

Operational mining and mineral processing reinsurance built around engineering-led underwriting, disciplined risk selection and AI-assisted portfolio control.

#reinsurance
Underwriting Focus

Semurg Appetite

Capacity
Up to USD 50M line size
Coverage Focus
Property Damage (PD) / Machinery Breakdown (MB) / Business Interruption (BI following PD/MB)
Preferred Risks
Operational mining and mineral processing assets, including selected expansion and plant upgrade projects
Geography
Pacific & Southeast Asia, North America (selective), South America, Caribbean, Australia, Sub-Saharan Africa, MENA, CEE/CIS
Lifecycle
Operational and selective expansion / upgrade projects
Structure
Facultative and selective treaty placements
Exclusions
Underground mining, greenfield exploration, artisanal mining, standalone BI, sanctioned risks
Mining

Structured insurance and reinsurance solutions for mining and mineral processing operations, combining engineering-led underwriting, disciplined risk selection and AI-assisted portfolio monitoring.

Our approach integrates geotechnical, mechanical and process engineering expertise with proprietary analytical infrastructure to improve underwriting decisions, portfolio visibility and accumulation control across complex mining risks.

Scope

What we cover

  • Above-Ground Mining Operations

    • Open-pit mines and quarries
    • Heap leaching facilities associated with mining operations

  • Mineral Processing

    • Crushing, grinding and milling circuits
    • Concentrators and flotation plants
    • SX-EW and hydrometallurgical facilities

  • Smelting & Refining

    • Smelters and furnace operations
    • Metal refineries
    • Alumina and base-metal processing

  • MineSite Infrastructure

    • Mobile fleet: excavators, shovels, draglines and haul trucks
    • Conveyors and material-handling systems
    • Power supply, water management and export/port terminals
    • Tailings storage facilities (selective, subject to independent geotechnical review)

  • Project Phase Coverage

    • Operational mining facilities
    • Plant expansions
    • Capacity upgrades
    • Debottlenecking and modernization projects
Underwriting Scope

Coverage

Core Coverage

Property All Risks (PAR) or Named Perils
Machinery Breakdown (MB)
Business Interruption (BI) following PD and/or MB

Liability

Third Party Liability (TPL)
Environmental Liability (selective)

Business Interruption

Business Interruption (BI) only where directly linked to Property Damage and/or Machinery Breakdown
Delay in Start-Up (DSU / ALoP) only where attached to CAR/EAR placements; no standalone DSU/ALoP

Out of Appetite

Underground mining operations are excluded
Tailings storage facilities without independent geotechnical review
Standalone Business Interruption
Greenfield exploration projects
Artisanal and informal mining operations
Sanctioned entities and jurisdictions
Differentiators

Semurg's edge

Human & AI Synergy

  • Engineering-Led Risk Selection

    Technical engineering expertise integrated directly into underwriting evaluation, exposure analysis, and portfolio construction for mining and mineral processing risks.

  • AI-Assisted Exposure Intelligence

    Proprietary analytical infrastructure supporting accumulation visibility, exposure mapping, underwriting consistency, and real-time monitoring across portfolios.

  • Technology-Enabled Operations

    AI-supported workflows, accounting, financial and compliance reporting.

  • Established Market Network

    Over 18+ years of long-standing relationships across international (re)insurance market participants.

Structuring & Placement Capabilities

  • Flexible Capacity Structuring

    Facultative, treaty, and layered placement solutions for complex operational and infrastructure-heavy risks.

  • Cross-Border Placement Access

    Placements across international markets with coordinated support across multiple jurisdictions.

  • Multi-Layer Risk Structuring

    Expertise with complex programs involving mining and mineral processing risks, engineering risks, and multi-layered placements.

  • Cross-Jurisdiction Claims Coordination

    Claims handling and settlement support with technical and operational oversight across all markets and placement structures.