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.”

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