Optio Group-owned specialist nuclear MGA Northcourt has added Mark Tetley as managing director, where he will London and report to Northcourt CEO Alan Rickett.
With extensive underwriting and broking experience gained while developing nuclear programmes for Russia, Ukraine, Romania, Slovakia, Czech Republic, Bulgaria and China, Tetley is recognised as a leading expert in the nuclear insurance field.
He’s served as managing director of the UK’s nuclear insurance pool, Nuclear Risk Insurers, assisting the government with changes to the statutory nuclear liability legislation required by amendments to the 2004 Paris Convention.
“Mark understands not only the intricacies of the risks faced by nuclear facilities but has for many years led and been involved with the bodies that represent them at the highest international and governmental levels,” said Rickett.
“His skills and knowledge complement that of the existing team extremely well, which will be invaluable in further developing Northcourt’s product and service proposition. I am absolutely delighted to welcome him to the team.”
Optio CEO Matthew Fosh added, “With the minimum required liability limits for nuclear institutions set to rise dramatically in January 2022, Optio acquired Northcourt in April to not only capitalise on the growth potential this creates, but substantially change the dynamics of the nuclear insurance market.
”
Mark’s joining represents a significant step toward realising that ambition as, quite simply, there are very few people in the world with specialist knowledge to rival his. As governments look to nuclear energy to help decarbonise their economies and meet ambitious net zero targets, Mark’s expertise combined with that of the existing team places Optio at the forefront in meeting the changing needs of the nuclear industry.”
