Optio hires nuclear risk expert Mark Tetley

Northcourt, the specialist nuclear MGA recently acquired by Optio Group, has appointed Mark Tetley as managing director.

Mr Tetley has extensive underwriting and broking experience, having developed nuclear programmes for Russia, Ukraine, Romania, Slovakia, Czech Republic, Bulgaria and China.

During his career he has served as managing director of the UK’s nuclear insurance pool, Nuclear Risk Insurers, assisting the government with changes to the statutory nuclear liability legislation required by amendments to the 2004 Paris Convention. He has also been an expert representative of the international nuclear insurance industry at the Nuclear Law Committee of OECD’s Nuclear Energy Agency in Paris and is a lecturer at the International School of Nuclear Law. Recently, Mr Tetley was engaged by the European Commission to lead a study on the insurance, private and financial markets in the field of nuclear third-party liability.

Optio CEO Matthew Fosh said: “With the minimum required liability limits for nuclear institutions set to rise dramatically in January 2022, Optio acquired Northcourt in April to not only capitalise on the growth potential this creates, but substantially change the dynamics of the nuclear insurance market. Mark’s joining represents a significant step toward realising that ambition as, quite simply, there are very few people in the world with specialist knowledge to rival his. As governments look to nuclear energy to help decarbonise their economies and meet ambitious net zero targets, Mark’s expertise combined with that of the existing team places Optio at the forefront in meeting the changing needs of the nuclear industry.”

    Share Story:

YOU MIGHT ALSO LIKE


Cyber risk in the transportation industry
The connected nature of the transport and logistics industries makes them an attractive target for hackers, with potentially disruptive and costly consequences. Between June 2020 and June 2021, the transportation industry saw an 186% increase in weekly ransomware attacks. At the same time, regulations and cyber security standards are lacking – creating weak postures across the board. This podcast explores the key risks. Published April 2022.

Political risk: A fresh perspective
CIR’s editor, Deborah Ritchie speaks with head of PCS at Verisk, Tom Johansmeyer about the confluence of political, nat cat and pandemic risks in a world that is becoming an increasingly risky place in which to do business. Published February 2022.