OUR HISTORYThe mid-1950s sawthe birth of the civilnuclear age. To provideadequate insurancefor the civil nuclearenergy industry, it wasrecognised that theinsurance market hadto do things differently.The sheer nature andsize of the potential riskmeant it was beyondthe resource of anyone national insurancemarket or individualinsurer to providecomplete protection.Originally establishedas the British Insurance(Atomic Energy)Committee, NRI wasformed in 1956 by theUK Atomic EnergyAuthority, BritishInsurance Associationand Lloyd’s of Londonto provide specialistinsurance to supportthe operation of WestCumbria’s Calder Hallnuclear reactors andother reactors thenbeing developed.In 2003, NRI was formedin its current structureas a company, regulatedby the FinancialConduct Authority and acoverholder at Lloyd’s.19501956200312
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