Gwilym J Howes

Principal Risk Engineer @Imiu International Mining Industry Underwriters

London, GB

I visit mining properties worldwide, providing Risk Assessment Reports for Property Underwriting purposes, and propose Risk Engineered solutions for clients. IMIU uses proprietary MinRAM software to profile operations by Risk Exposure Number (REN=Inherent Risk) and Risk Reduction (%RR=Management of Residual Risk). The MinRAM is an exhaustive weighted scoring system enabling comparison of PD & BI risk and Maximum Foreseeable Loss estimates at highly disparate operations to produce a uniform metric that is of great use in underwriting.In the capacity of specialist external Asset Integrity Auditor, I participated in various Audits conducted at selected BHPBilliton Assets around the world. IMIU is a leading global specialist underwriter providing insurance for property, business interruption and construction risks to mining companies worldwide. Established in 1995, IMIU has an extensive portfolio of business, including some of the world’s largest mining conglomerates, and offers a broad range of coverage for all aspects of mining activities and associated downstream processing. The industry experience of IMIU risk engineers, combined with specialist underwriting knowledge enables IMIU to identify comprehensive risk reduction strategies and provide competitive insurance products tailored to each client\'s individual needs. IMIU is owned by, and underwrites exclusively on behalf of HDI Global Speciality, an insurer 50.2% owned by HDI Global SE and 49.8% by Hannover Re. Hannover Re was established in 1966. With gross premium of more than EUR 19 billion, it is the fourth-largest reinsurer in the world, transacting all lines of property & casualty reinsurance. The Group has more than 3,300 staff with over 100 subsidiaries, branches and representative offices worldwide. The rating agencies most relevant to the insurance industry have awarded Hannover Re outstanding financial strength ratings: Standard & Poor\'s AA-\"Very Strong\" and A.M. Best A+\"Superior\".