Overview

ANI is a joint underwriting association that acts on behalf of our member companies. We directly write nuclear liability insurance for nuclear facilities in the United States, and assume reinsurance shares on nuclear business written by other nuclear pools and mutual insurers throughout the world.

We operate two underwriting syndicates, domestic and foreign. Both have provided member companies with outstanding returns.  A member must participate in the Domestic Syndicate in order to participate in the Foreign Syndicate. ANI’s operating income is distributed to members based on their percentage of participation in each of the syndicates.

ANI insures a broad array of nuclear facilities and suppliers of products and services to such facilities.  The risks we insure are associated with the nuclear fuel cycle, and include:

• Nuclear power plants that supply electricity for general consumption
• Nuclear test and research reactors used by industry, medicine and academia for scientific investigation and development
• Fabricators of nuclear fuel for use in nuclear reactors
• Low-level nuclear waste management and disposal facilities
• Shippers and transporters of nuclear material
• Suppliers of nuclear-related products and services

Domestic Syndicate

The Domestic Syndicate offers third-party nuclear liability insurance to domestic operators of nuclear power reactors, nuclear fuel fabrication facilities, waste disposal and other nuclear facilities. It also writes nuclear liability insurance for suppliers of products or services (including transportation services), to these facilities.

For data on the maximum primary-liability policy limit for each site or supplier activity, please refer to the Liability Policy Limits addendum. The syndicate also provides additional capacity for use as a contingent liability limit under a secondary financial protection program for operators of nuclear power plants. Liability program results have been very positive.

The syndicate also reinsures a significant portion of NEIL’s nuclear property program, which provides property insurance for all operating power reactors in the U.S. ANI assumes an excess of loss reinsurance share of the NEIL program. This arrangement has proven quite profitable to the membership in terms of both income and spread of risk.

Foreign Syndicate

The Foreign Syndicate provides reinsurance to foreign nuclear pools for placement at nuclear facilities overseas and in Canada and Mexico. Reinsurance is assumed on a facultative basis except in Japan, where third party liability business is assumed under a quota share treaty.

The Foreign Syndicate also writes direct liability coverage for U.S. suppliers of products or services to foreign nuclear facilities.  In Canada, the coverage written is primarily liability. It is written on a co-insurance basis with other nuclear insurance pools, including the Canadian pool.

The Foreign Syndicate typically contributes more than 40% of ANI’s total operating results, making it a very attractive business opportunity for ANI’s member companies.