Reinsurance News
nuclear
Marsh Risk secures insurance for construction of first commercial-scale advanced nuclear power plant in US
25th March 2026
Marsh Risk, a business of global re/insurance broker Marsh, has secured comprehensive insurance coverage for TerraPower’s Kemmerer Unit 1. This marks a significant move as the unit is the first commercial-scale, advanced nuclear power plant in the US to receive construction approval from the Nuclear Regulatory Commission. The placement also marks the ... Read the full article
Tokio Marine GX and Northcourt launch NC Fusion, Lloyd’s first insurance facility for nuclear fusion projects
29th October 2025
Tokio Marine GX (TMGX) and specialist MGA Northcourt, part of the Optio Group, have introduced NC Fusion, the first insurance facility within the Lloyd’s market designed specifically for nuclear fusion technology. The initiative establishes a clear insurance framework and capacity to support both the continued development and eventual commercialisation of fusion ... Read the full article
Re/insurance has a role to play as nuclear investments surge: Keime, Swiss Re
14th October 2025
Jimmy Keime, Head Engineering & Nuclear at Swiss Re, stated that nuclear investments are growing globally, with rising demand for nuclear energy to power data centres — creating both opportunities and risks for the insurance and reinsurance industry. During Swiss Re’s Baden-Baden media conference 2025, Keime noted that nuclear investments are ... Read the full article
Public-private risk-sharing key to closing the CBRN protection gap: GA & IFTRIP
30th September 2025
Although chemical, biological, radiological, and nuclear (CBRN) risks remain rare, a sizeable protection gap leaves individuals, businesses, and governments exposed to major incidents, according to a joint report by the Geneva Association and the International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP). The report noted that the CBRN risk landscape is ... Read the full article
Aon, GrECo, Marsh & Smartt Re to support PEJ for Poland’s first nuclear project
15th May 2025
Four brokerage firms, Aon Polska, GrECo Polska, Marsh, and Smartt Re, are to support Poland's state-owned SPV Polskie Elektrownie Jadrowe (PEJ) in the purchase of insurance for the country’s first nuclear project in Pomerania, among other operations. The brokers selected by PEJ will handle the company's insurance services and arranging insurance ... Read the full article
DASK sets up nuclear insurance pool for Turkey
1st December 2017
The Turkish Natural Catastrophe Insurance Pool, DASK, is setting up an insurance pool to cover Turkey's soon to be built nuclear power plants in Akkuyu and Sinop, according to the Middle East Insurance Review. The pool aims to provide EUR 700 million for each nuclear power plant. The first nuclear ... Read the full article
LMA to simplify nuclear insurance industry with new model wordings
15th March 2017
In response to recent growth in the construction of nuclear power stations and a desire to make the protection of such construction projects easier for insurers and reinsurers, the Lloyd's Market Association (LMA) Wording Forum is looking to make wordings more appropriate for the global nuclear industry. The LMA has announced that ... Read the full article
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