nuclear plant

A significant institutional investor has again committed to supporting nuclear liability risks in insurance-linked securities (ILS) form, with the renewal of two deals covering risks of corporate nuclear power operators in a format considered akin to a private catastrophe bond.

A European Commission study looking at the insurability of nuclear third-party liability risks (NTPL) and availability of capacity to support them, found that insurance-linked securities (ILS) market capital would be available, under the right structures and terms.

Private nuclear liability risk insurance-linked securities (ILS) transactions have been expanded and upsized for 2018, Artemis understands, as corporate nuclear power operators show increasing comfort with tapping ILS markets for direct insurance coverage.

Artemis understands from sources that a ground breaking insurance-linked security (ILS) transaction has been completed featuring nuclear plant liability risks that were transferred direct to an investor in a private cat bond-like format.

Risk Management Solutions has issued an estimate for the economic losses resulting from the disaster in Japan on the 11th of March. Their estimate includes the earthquake, tsunami, disruption to power supplies, evacuations and the ongoing issues relating to the crippled Fukushima Daiichi nuclear power plant.

For our latest updates read our article from the 16th March. We’re continuing our updates on the situation in Japan after last Friday’s devastating earthquake and tsunami. We’ll keep this page updated with items we feel of interest to our readers. Links to our other articles related to this disasters can be found below.