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Chaucer Syndicates Ltd

Managing Agent Name: Chaucer Syndicates Limited

Subject: Paris Convention for nuclear liabilities

Syndicate Affected: 1176

We have been advised that the ratification of the Revised Paris Convention for nuclear liabilities will now not occur until 01/01/2022.

Whilst this is disappointing, it is not wholly surprising given the ability to ratify complex treaties in the current environment.

The effect will be to reduce circa GBP 4m of expected additional premiums on the liability account (risk code NL) from our approved 2021 business plan.

Date issued: 20th October 2020

Contact Information

Agency contact name: Paul Armfield

Agency contact no: + 44 (0)2071058161

For auction office use only: D2020012

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