Nuclear Electric Insurance

Nuclear Electric Insurance (NEIL) is an insurance company based in Wilmington, Delaware. Established in 1973, the company insures domestic and international nuclear utilities for the costs associated with interruptions, damages, decontamination, and related nuclear risks. NEIL was formed in 1980 to issue excess property and accidental outage policies to complement the policies being issued by NML. In 1988, the company moved its operations from Bermuda to Wilmington, Delaware, and, in 1997, NML was merged into NEIL. In 1999, the company expanded operations by launching Overseas NEIL Limited in Dublin, Ireland. The assets of the company are managed by the board of directors.