IMIU International Mining Industry Underwriters specialises in providing insurance products for property, business interruption, and construction risks to mining companies around the world.
Originally established in 1995 by Patrick Plaisted, IMIU from the start was founded on the principal that this difficult and highly volatile class of business could only be successfully underwritten on the basis of good technical information. With this in mind risk engineering has been at the heart of everything we do. Our team of highly experienced risk engineers, all of whom have had long and successful careers within the mining industry, have earned a global reputation for the quality of their engineering and the risk improvement measures that they are able to identify for the benefit of our clients.
Since 1995 IMIU has established itself as one of the leading global insurers/reinsurers for the mining industry. Our underwriters are recognised authorities on the subject of mining insurance which coupled with the in-depth industry experience of our engineers, enables IMIU to develop bespoke insurance solutions for our clients.
IMIU’s underwriting portfolio extends globally to all types of mining, underground and surface, and for all types of commodities including gold and other precious metals, copper and other base metals, bulk commodities such as iron ore and coal, diamonds and other precious stones, uranium, mineral sands, etc. Our broad range of coverage extends to all aspects of mining activities including downstream processing. Our mining clients include some of the world’s largest mining companies as well as some of its smallest.
IMIU underwrites as part of the International Insurance Company of Hannover SE (Inter Hannover) that is part of the Hannover Re group, the world’s third largest reinsurer. The rating agencies most relevant to the insurance industry have awarded Inter Hannover very strong insurer financial strength ratings (Standard & Poor’s AA- “Very Strong” and A.M. Best A+ “Superior”).