INSURANCE POOL FOR NUCLEAR PLANT ESTABLISHED

Business | June 15, 2001, Friday // 00:00

An agreement on establishing Bulgarian Insurance Nuclear Pool was signed yesterday by the State Agency for Energy and Energy Resources Agency (SAEER) and 11 Bulgarian insurance companies. State Insurance Institute DZI, Allianz Bulgaria Holding AD, Energia AD, Orel Insurance, hold the majority of the shares. The insurance pool was established in compliance with a government decision dated April 28, 2001 aiming to guarantee the liability for nuclear damage only of the Bulgaria`s nuclear facility, the Kozloduy Nuclear Power Plant. The pool is going to work with foreign re-insurers while only 30% of the insurance will be covered by Bulgarian companies. Initially, the remaining 70% will be assumed by British, German and Swiss pools. So far 13 Bulgarian insurance companies have expressed readiness to join the Nuclear pool.

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