Emaniannual Report 2013 Building Bridges Robert Piccart 2014

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Emaniannual Report 2013 Building Bridges Robert Piccart 2014 EMANIannual report 2013 Building Bridges Robert Piccart 2014 annual report 2013 Annual Report 2013 of the Board of Directors and of the Statutory Auditor to be presented at the Annual General Meeting on 6th June 2014 Company authorised by Royal Decrees of 20.10.1978 and 07.12.1999 To underwrite “Fire and Natural Hazards” “Other Property Damage” and “Liability” (Moniteur Belge 14.11.1978 - 29.12.1999 Code 0921) Registered Office: Av. Jules Bordet, 166 - B 4 B 1140 Brussels Belgium Tel. +32 (0)2 702 90 10 Fax. +32 (0)2 705 72 92 annual report 2013 annual report 3 Financial Highlights In euro years ended December 31 Statement of Earnings 2013 2012 2011 2010 2009 Net premium earned 22.990.326 24.884.212 25.115.821 23.925.468 22.255.225 Claims 1.513.702 -13.900.142 -14.737.044 3.157.056 -3.337.548 Expenses -3.157.549 -2.931.346 -3.005.782 -3.163.109 -2.814.456 Other income -12.747 9.910 75.803 83.596 31.829 Net investment result -534.805 16.312.444 1.587.603 2.595.356 4.571.328 Earnings before distribution to reserve for equalisation and catastrophies 20.798.927 24.375.075 9.036.401 26.632.007 20.706.378 Variation in the reserve for egali- sation and catastrophes, net of reinsurance -21.389.420 -8.062.631 -7.448.799 -24.036.650 -16.135.051 Taxes -283 0 0 0 0 Earnings after distribution to reserve for equalisation and catastrophies -590.775 16.312.444 1.587.603 2.595.356 4.571.328 Balance Sheet Assets 239.000.192 235.522.370 205.142.493 187.491.585 171.981.367 Liabilities 41.000.824 58.430.953 52.635.731 44.527.766 56.164.474 Guarantee fund (including reserve for equalisation and catastrophies ) 197.999.368 177.091.415 152.506.762 142.963.819 115.816.893 annual report 2013 annual report 4 Contents 6 Members 7 Member Representatives 10 Board of Directors 11 Committees 12 Management 12 Auditors 13 Letter from the Chairman 14 Description of activities 16 Report of the Board of Directors 21 Corporate governance report 23 Statutory auditor’s report 26 Balance Sheet and Income Statement 30 Notes to the Financial Statements annual report 2013 annual report 5 Members AB SVAFO Advanced Nuclear Fuels GmbH AREVA NC AREVA NP Inc. Axpo Power AG Axpo Trading AG Belgoprocess NV BKW Energie AG British Energy Ltd Bruce Power Centrales Nucléaires en Participation SA (CNP) ČEZ a.s. E.ON Kernkraft GmbH E.ON Sverige AB EDF EnBW Erneuerbare und Konventionelle Erzeugung AG EnBW Kernkraft GmbH ENEL * Energy Future Holdings Corp. EPZ n.v. Eskom Holdings SOC Ltd Eurodif Production SA European Commission - CCR - Ispra Site European Commission - GCO - Petten Site European Commission - IRMM - Geel Site European Commission - ITE - Karlsruhe Site FBFC FBFC International SA Forsmarks Kraftgrupp AB Fortum Power & Heat Oy Gemeenschappelijke Kernenergiecentrale Nederland BV (GKN) Gemeinschaftskernkraftwerk Grohnde GmbH & Co Gesellschaft für Nuklear-Service mbH (GNS) Indiana Michigan Power Co. Kernkraftwerk Gösgen-Däniken AG Kernkraftwerk Leibstadt AG Kernkraftwerk Lippe-Ems GmbH Kernkrafwerk Obrigheim GmbH MVM Paks Nuclear Power Plant Ltd New Brunswick Power Corporation OKG Aktiebolag Ontario Power Generation (OPG) Pacific Gas & Electric Company * Ringhals AB RWE Power AG SCK-CEN Slovenské Elektrárne AS Socatri SARL Societatea Nationala Nuclearelectrica SA (SNN) Studsvik AB Svensk Kärnbränslehantering AB (SKB) Teollisuuden Voima Oyj Union Electric Company d/b/a Ameren Missouri Urenco Ltd. Vattenfall Europe Nuclear Energy GmbH Westinghouse Electric Company LLC * Westinghouse Electric UK Holdings * Zwilag Zwischenlager Würenlingen AG * Non Insured Member annual report 2013 annual report 6 Member Representatives Member Representative Substitute Belgium Belgoprocess NV Ph. Lannoy European Commission - IRMM - Geel Site J.P. Michel F. Siniscalchi FBFC International SA M. Van den Eynde P. Daurès SCK-CEN C. Legrain Canada Bruce Power K. Kelly New Brunswick Power Corporation A. Slipp Ontario Power Generation (OPG) J. Floras Czech Republic ČEZ a.s. V. Hronek J. Ortman Finland Fortum Power & Heat Oy M. Kautonen M. Huopalainen Teollisuuden Voima Oyj L. Noukka R. Siilos France AREVA NC Ph. Obert J.D. Treillard EDF J.L. Thébault B. Wagner Eurodif Production SA R. Jiménez-Shaw M. Saléra-Cordier FBFC J.D. Treillard P. Daurès Socatri SARL M. Saléra-Cordier R. Jiménez-Shaw Germany Advanced Nuclear Fuels GmbH W. Fehnker A. Stoll EnBW Erneuerbare und Konventionelle Erzeugung AG E. Wissmann C.D. Bölle EnBW Kernkraft GmbH E. Wissmann C.D. Bölle E.ON Kernkraft GmbH K. Greimel W. Seewöster European Commission - ITE - Karlsruhe Site J.P. Michel F. Siniscalchi Gemeinschaftskernkraftwerk Grohnde GmbH & Co K. Greimel W. Seewöster Gesellschaft für Nuklear-Service mbH (GNS) H. Näser K. Scheer Kernkraftwerk Lippe-Ems GmbH J. Haaf Kernkraftwerk Obrigheim GmbH E. Wissmann C.D. Bölle RWE Power AG J. Haaf J. Grundmann Vattenfall Europe Nuclear Energy GmbH T. Hallqvist M. Reissner * Non Insured Member annual report 2013 annual report 7 Member Representatives Member Representative Substitute Hungary MVM Paks Nuclear Power Plant Ltd C. Szinger Italy European Commission - CCR - ISPRA Site J.P. Michel R. Lennartz ENEL * G. Frea R. Melandri The Netherlands Elektriciteits-Productiemaatschappij Zuid Nederland B.P. Jobse NV EPZ Gemeenschappelijke Kernenergiecentrale G.J. Geertsema Nederland BV (GKN) European Commisson - GCO - Petten Site J.P. Michel F. Siniscalchi Romania Societatea Nationale Nuclearelectrica SA (SNN) P. Budulan A. Havris Slovak Republic Slovenské Elektrárne AS M. Ivanova R. Melandri South Africa Eskom Holdings SOC Ltd M. Molelekoa Sweden AB SVAFO S. Ordéus E.ON Sverige AB B. Svensson Forsmarks Kraftgrupp AB B. Kockum B. Gullefors OKG Aktiebolag R. Danielsson Ringhals AB B. Kockum A. Sandberg Studsvik AB R. Atmer J. Ericsson Svensk Kärnbränslehantering AB (SKB) A. Ingman B. Sundman * Non Insured Member annual report 2013 annual report 8 Member Representatives Member Representative Substitute Switzerland Axpo Power AG T. Erb Axpo Trading AG T. Erb BKW Energie SA U. Bircher M. Mooser Centrales Nucléaires en Participation SA D. Berger C. Vésiller Kernkraftwerk Gösgen-Däniken AG S. Bähler D. Berger Kernkraftwerk Leibstadt AG T. Erb Zwilag Zwischenlager Würenlingen AG T. Erb United Kingdom British Energy Ltd A. Russell K. Sinclair Urenco Ltd. R. Hermon Westinghouse Electric UK Holdings * M. Sweeney D. Gries USA AREVA NP Inc Ph. Obert L. Harris Energy Future Holdings Corp. R. Moussaid K. Rogers Indiana Michigan Power Co. S.T. Haynes R.L. Martin Pacific Gas & Electric Company * A. Suri M. Wyspianski Union Electric Company d/b/a Ameren Missouri M. Blair D. Rose Westinghouse Electric Company LLC * M. Sweeny D. Gries * Non Insured Member annual report 2013 annual report 9 Board of Directors Berndt Kockum Chairman Klaus Greimel Vice-Chairman Alastair Russell Vice-Chairman Urs Bircher Claus-Dieter Bölle Alisdair Currie Executive Committee Matts Ekman External Director Nick Feldman External Director Bram-Paul Jobse Riccardo Melandri Philippe Obert Colleen Sidford Danny Vanwelkenhuyzen Executive Committee annual report 2013 annual report 10 Advisory Committees Underwriting Committee Kathleen Sinclair Chairman Luca Emilio Agrò Ivan Annezer Alisdair Currie André Detemmerman Thomas Erb Nick Feldman Alexandru Havris Paavo Hyvönen Berndt Kockum Stefan Kurz Hervé Loisy Robert Moussaïd Laura Noukka Philippe Obert Franck Orset Philippe Vandekerckhove Danny Vanwelkenhuyzen Finance and Investment Advisory Committee Matts Ekman Chairman Rafaël Jiménez-Shaw Kevin Kelly Bénédicte Rifaï Alastair Russell Marleen Vercammen Audit Committee Matts Ekman Chairman Bram-Paul Jobse Alastair Russell annual report 2013 annual report 11 Executive Committee Danny Vanwelkenhuyzen Managing Director Alisdair Currie Underwriter & Claims Manager Staff Ivan Annezer Loss Control Manager Wim Buysse Loss Prevention Engineer André Detemmerman Senior Underwriter Véronique Durieux Accountant Ann Geivaerts Corporate Organisation & Legal Manager Veerle Goderis Senior Underwriter Tom Houben Corporate Operations Assistant Cathy Mortelmans PA Managing Director & Board Franck Orset Loss Prevention Engineer Philippe Vandekerckhove Senior Risk Manager Marleen Vercammen Financial Manager Rachida Zahmidi Assistant Underwriting Auditors Deloitte Berkenlaan 8b B-1831 Diegem Represented by Mr. Yves Dehogne Réviseur d’Entreprise Actuary Nicolaï & Partners Duboisstraat 43 B-2060 Antwerpen annual report 2013 annual report 12 Letter from the Chairman Dear Members! Times are changing, and we are changing with it. In Europe we can see both existing and future new build in the field of nuclear power generation. At the same time, certain other Members are facing close-down in the foreseeable future. Fortunately, the main fleet of NPP’s among the Members are doing business as usual. The strategy to welcome Transatlantic Members makes us stronger and gives us a better diversified book of business. The six US and three Canadian members are contributing also to Board and Committee work, and help to give a reciprocal and fresh look at our various areas of interest. I am glad to notice that our engineering team are more than happy with these members technical and safety levels, placing them generally well above the average. I trust that other Members are welcoming this opportunity to receive inspiration and gain experiences. Finally, all EMANI members should be able to feel confidence for the future, looking at our professional team in Brussels, paired with stronger financials than before! Berndt Kockum Chairman of the Board annual report 2013 annual report 13 Description of activities EMANI is a Mutual insurance Association which offers cover for a wide range of insur- ance risks relating to nuclear power stations and other companies in the nuclear indus- try. At present, EMANI covers in excess of 100 nuclear sites for it’s Members in Belgium, Canada, Czech Republic, Finland, France, Germany, Hungary, Italy, Romania,The Netherlands, Slovak Republic, South-Africa, Sweden, Switzerland, United Kingdom and USA. The capacity provided by EMANI is independent of that provided by the various nuclear pools.
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