We operate multiple underwriting pools that include domestic and foreign coverage, which have provided member companies with outstanding returns. A member must participate in the pools writing direct liability or property insurance in order to participate in the Foreign and other pools.
ANI’s operating income is distributed to members based on their percentage of participation in each of the pools.
The four pools ANI currently operates are as follows:
The Liability Pool also provides additional capacity for use as a contingent liability limit under a secondary financial protection program for operators of nuclear power plants.
The Foreign Pool typically contributes substantially to ANI’s total operating results, making it a very attractive business opportunity for ANI’s member companies. This arrangement has proven quite beneficial to the membership in terms of both income and spread of risk.
From this point forward, as new builders risk opportunities present themselves, ANI will form a separate pool for each project to take advantage of such opportunities. This approach provides ANI member companies the flexibility to accept an offer to participate on a case-by-case basis.
Since 2010, The Builders Risk Reinsurance Pool has served to keep ANI active in the nuclear new build insurance market as the industry we insure goes through this important transition. Our participation has also enhanced our business relationships with NEIL and our policyholders.