Hiscox – Nuclear coverages

Hiscox’s participation in the nuclear insurance market facilitates the continued development & expansion of a low-carbon energy market.

Hiscox provides excess-of-loss treaty and pro-rata physical damage and liability reinsurance to a number of established clients including mutuals and international pools with global exposures. The underwriting appetite encompasses all elements of the nuclear fuel cycle, including R&D, enrichment and decommissioning, but with a concentrated focus on operating nuclear power plants.

Nuclear power generation represents a credible and proven alternative source of energy as the world transitions away from fossil fuels.

Hiscox’s nuclear reinsurance offering plays a key role in enabling this sustainable means of alternative power generation, now responsible for a significant proportion of global electricity and one of the most utilised low-carbon energy sources.

Hiscox directly or indirectly covers a number of nuclear power plants against physical damage and/or liabilities, allowing them to meet obligations imposed by international conventions and to operate in a financially responsible and sustainable fashion.

Hiscox has been a lead market in this class for over 20 years and will engage proactively with clients in order to understand demand changes driven by any forthcoming regulatory changes.