Prospect Mutual Management

Prospect Mutual Management

Mark Tetley

He provides advice and assistance on a wide range of insurance and risk issues, including comprehensive nuclear liability and property insurance assistance, complex infrastructure project programme design and review, claims and policy reviews, assistance with project insurance design and implementation in developing countries, and many other aspects of risk mitigation.

Mark served as the Managing Director of the Power, Nuclear & Construction division at Lloyd’s insurance broker Price Forbes & Partners between 2014 and 2017. Prior to that he was Managing Director of Nuclear Risk Insurers Ltd (the UK nuclear insurance pool) from 2001 – 2014, and before that appointment was a Lloyd’s underwriter for the Nuclear Syndicate, for a political risk insurer and for a power generation insurer. He also held other underwriting positions at Lloyd’s and was a founding director of the Lloyd’s business ventures in Japan and China.

During his time at Nuclear Risk Insurers Ltd, Mark assisted the UK Government with the nuclear insurance aspects of the changes to the statutory nuclear liability legislation required because of the 2004 Paris Convention revision. He has also worked extensively on the development of new nuclear insurance programmes for Russia, Ukraine, Romania, Slovakia, Czech Republic, Bulgaria and China. This work entailed organising technical and legal suitability assessments, policy language development and, ultimately, placing and managing the insurances for these nuclear sites in the international insurance market.

Mark is a member of the International Nuclear Law Association (INLA), has served as an Expert-Representative of the international nuclear insurance industry at the Nuclear Law Committee of OECD’s Nuclear Energy Agency in Paris, and he continues to serve as a lecturer at both the International School of Nuclear Law and the International Nuclear Law Essentials course. Mark is also involved in various UK renewable energy projects.

Prospect Mutual Management