Our History

Our unique expertise in the civil nuclear power industry has been shaped by the need for clean energy and sustainability.

1950

The mid-1950s saw the birth of the civil nuclear age

To provide adequate insurance for the civil nuclear energy industry, it was recognised that the insurance market had to do things differently. The sheer nature and size of the potential risk meant it was beyond the resource of any one national insurance market or individual insurer to provide complete protection.

1956

Our foundation

Originally established as the British Insurance (Atomic Energy) Committee, NRI was formed in 1956 by the UK Atomic Energy Authority, British Insurance Association and Lloyd’s of London to provide specialist insurance to support the operation of West Cumbria’s Calder Hall nuclear reactors and other reactors then being developed.

2003

NRI is formed

In 2003, NRI was formed in its current structure as a company, regulated by the Financial Conduct Authority and a coverholder at Lloyd’s.

2019

Our commitment to Net Zero

NRI implemented its plan to become a net zero carbon company by the end of 2020 and will receive Gold status from United Nations Climate Neutral Now awards.

2020

Adapting to global shifts

In order to comply with EU regulation and continue providing insurance services to EEA nuclear pools after Brexit, NRI established a wholly owned Irish subsidiary, Nuclear Risk Insurers (Europe) Limited.

2023

Expanding nuclear pools

NRI signed MOU to help PZUW and Polish insurance market consider forming a new pool, providing an essential service to civil nuclear operators.

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