Mining
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The loss would be one of the largest ever for mining underwriters. -
Property underwriters are ‘competing fiercely’ to access mining risks.
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The Insure Our Future network is due to hold “physical and digital actions” in Japan, South Korea, the UK and the US.
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Operators could be forced to increase retentions or reduce their programme limits.
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Capacity withdrawals and major losses are leading to a firming market, the broker reports.
