Transcript 4th Central & Eastern European Clients Seminar

Annual International Nuclear Forum
Bulgarian Nuclear Energy National, Regional
and World Safety
NPP Kozloduy
Reinsurance Security
28th May 2008
Bruce Sampson
Aon Re CEE
Managing Director
Aon Limited is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities only.
Contents
•
Aon Re CEE
•
What is our role?
•
Reinsurance programme for NPP Kozloduy
•
Key reinsurance security
•
Construction insurance
Slide 2
Aon Re CEE
•
Aon is the largest Insurance and Reinsurance broker in the world and the
largest broker for power generation insurance outside the USA
 Dedicated power generation team who provide a fast and powerful
handling service
 Act on behalf of Energy Insurance Company
 Design suitable reinsurance structure
 Liase with worlds reinsurance markets and find the optimal coverage
both pricing and scope of cover
Slide 3
Aon Re CEE – What is our role?
 We provide strong financial additional capacity for Energy Insurance
Company by spreading the risk through the international Reinsurance
market in the event of a major loss
NPP Kozloduy
Energy Insurance Company (Primary Insurer)
Aon Re Broker
International Reinsurance Market
Slide 4
NPP Kozloduy Reinsurance Programme
The Reinsurance cover in place for NPP Kozloduy provides cover for up to
Euro 300,000,000 for any one loss and is placed with 16 Reinsurance
companies around the world, including Lloyd’s of London.
The financial strength of the reinsurers participating within the reinsurance
cover is extremely strong and has a minimum of “A” (strong) Standard &
Poors rating.
The key reinsurers are Zurich Global Energy, Munich Re, Partner Re and
Hannover Re as well as Lloyd’s of London, who are recognised as the
aspects in power generation Reinsurance.
The Reinsurance cover is for the perils of Fire, Explosion, Lightning, Aircraft
and Earthquake and covers all Real and Personal Property of every kind
belonging to NPP Kozloduy.
Slide 5
“Key” Reinsurance Security
Zurich Global Energy – Standard & Poors AA- (Very strong)
 The leading reinsurer on the reinsurance cover and a major insurer of
operational and construction risks for the power generation industry and
operates through 50 offices worldwide.
Munich Re – Standard & Poors AA- (Very strong)
 The largest reinsurance company in the world and the No 1 leading expert
in construction risks Reinsurance including nuclear power stations. They
also have their own dedicated engineers.
Lloyd’s of London – Standard & Poors A+ (strong)
 Ranked 5th largest insurance market in the world and heavily involved with
Insurance of Nuclear power stations.
Slide 6
Construction Insurance
•
The 16 participating reinsurers on the NPP Kozloduy insurance programme
are the world’s recognised specialist for the power industry, and are able to
provide full Reinsurance capacity behind Energy Insurance company for all
insurance requirements of the construction of Belene Nuclear Power Plant
as well as full risk management services.
Slide 7