A new specialist insurance facility launched by Markel International and Willis is set to support the growing role of nuclear energy in the global transition.
The market-first solution has been designed to provide comprehensive insurance capacity for nuclear projects, covering property damage and business interruption risks from construction through to full operation.
The facility will support both conventional nuclear plants and emerging technologies such as Small Modular Reactors (SMRs), which are increasingly viewed as critical to achieving energy security and emissions reduction targets.
The launch comes as global investment in nuclear energy accelerates. Around 70 nuclear reactors are currently under construction worldwide, with more than 100 additional projects planned.
Rising electricity demand from data centres and artificial intelligence is also increasing pressure on energy systems, driving demand for reliable, low-carbon baseload generation.
Unlike intermittent renewable sources, nuclear power can provide continuous electricity generation, helping countries reduce reliance on fossil fuels while maintaining grid stability. The new insurance facility aims to simplify access to specialist coverage as projects become larger, more technically complex and capital intensive.
Rohan Davies, Managing Director – London Market at Markel International, said: “ This joint facility with Willis is our answer to that: tailored, specialist capacity structured for the complexity of modern nuclear projects, built for an era when the stakes and the scale are higher than ever.”
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