NRI Annual Review 2024 - Flipbook - Page 20
OUR HISTORY
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
2003
NRI is formed
20
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.
In 2003, NRI was formed in its current structure
as a company, regulated by the Financial Conduct
Authority and a coverholder at Lloyd’s.
