Ace the lead market for $450mn mining loss

Ace is the lead insurer for the Brazilian mining company facing a
$450mn loss after a dam collapsed earlier this month, sister title
Inside FAC revealed today (12 November).
On 5 November a tailings dam at Samarco
Mineração's Minas Gerais iron ore mine burst, causing
significant damage downstream.
The property programme for Samarco is understood to be placed by
Willis, with a $50mn retention.
The loss will come as yet another blow to the beleaguered mining
sector, which has stung..