Munich Re Specialty – Global Markets, Syndicate has announced the launch of a Lloyd’s market consortium for Miner Rescue Insurance.
The consortium, led by Munich Re Specialty’s syndicate, is an insurance solution designed to fund the costs of locating and rescuing miners and contractors trapped in the event of a catastrophe.
Miner Rescue Insurance draws on Munich Re Specialty’s depth of property and casualty underwriting expertise in this sector, the company says. The Munich Re Specialty – Global Markets, Syndicate led solution is delivered in partnership with Integra, whose 24/7 claims support and proprietary technology platforms provide real-time remote incident management capabilities from the point of first notification, according to the company.
This coverage is designed to provide financial support for the costs of specialist equipment, transportation and engineering services required in rescue operations where individuals are trapped and unable to reach the surface, subject to policy terms, conditions and limits.
Mining operations carry an ever-present risk of emergency, from cave-ins and gas leaks to power outages, flooding and equipment failure, making them among the most hazardous working environments in the world. In 2025, incidents across South America, Africa and Australia demonstrated that rescue operations can demand specialist resources, significant time and coordination.
Dan Rouse (pictured), Group Head of International Casualty, Munich Re Specialty – Global Markets, said: “A mine rescue incident presents a significant threat to life as well as complex operational and financial challenges in a time-pressured environment. Specialist miner rescue insurance is designed to provide mining operators with access to the rapid-response infrastructure and equipment needed to manage critical rescue situations from the moment an incident occurs. While events of individuals being unable to reach the surface are rare, this product helps operators ensure the paramount focus is solely on trapped workers.”
Dominick Hoare, Group Chief Underwriting Officer, Munich Re Specialty – Global Markets, said: “Due to the necessity of precious metals and minerals to power economic growth and climate resilience, there is an important role for specialty insurers to provide quality solutions specifically for mining. Speed of claim handling and access to specialist support is essential in these situations. Our partnership with Integra enables efficient real-time loss adjusting and is an example of the top-class service we are providing within the syndicate.”