“Energoatom” insured members of the supervisory board for 19 million hryvnias in case of arrests
JSC “NAEK “Energoatom” following the results of the tender, concluded an agreement with PrJSC “Insurance Company “Colonnade Ukraine” regarding liability insurance of the chairman and members of the supervisory board. The total cost of the contract is 19.30 million UAH. This is reported in the “Prozorro” system.
The services were ordered for a period of one year. The total insurance premium is 19.30 million UAH, of which 17.37 million UAH is directed to cover the liability of the members of the Supervisory Board, and 1.93 million UAH to cover the expenses of the insured person that are subject to compensation. The insurance rate is 4.9375%.
The insured amount to cover liability is UAH 390.92 million. If the insured person requires defense costs or in the event of a preliminary investigation of the claims, these costs will be reimbursed within the specified insured amount.
Expenses related to bail, preventive measures, restriction of rights to assets or freedom and extradition proceedings are compensated in the amount of 10% of the insured amount, but not more than UAH 500 thousand for each individual insured event.
The limit for reimbursement of expenses for restoring reputation, fines and penalties is UAH 100 thousand, for psychological assistance – UAH 50 thousand, for car replacement – UAH 10 thousand for each individual event. The limit for emergency expenses is 10% of the insured amount, and for covering the circumstances or mitigating the consequences of the damage caused – 0 UAH for each insured event (10% of the insured amount). Insurance coverage is valid worldwide, except for the USA and Canada.
Recall that on June 22, 2024, the Cabinet of Ministers approved the composition of the Supervisory Board of “Energoatom”. Timothy John Stone, Michael Elliot Kirst and Jarek Neverovich became independent members, and Vitaliy Petruk and Tymofiy Mylovanov became state representatives. Currently, Timothy John Stone is not listed on the company’s website. In January of this year, Neverovich was elected Chairman of the Supervisory Board, and Kirst was elected his deputy. The company “Colonnade Ukraine” received the contract without competition, as no other participants submitted bids.
To participate, it was necessary to provide examples of similar liability insurance contracts for members of supervisory boards or managers concluded in 2019–2024 with a term of validity of at least one year. The winner had five such agreements with JSC “Ukrposhta”, PrJSC “NEC “Ukrenergo”, JSC “Main Gas Pipelines of Ukraine”, SE “Sea Ports Administration of Ukraine” and the Innovation Development Fund.
The sole shareholder of the Kyiv-based “Insurance Company “Colonnade Ukraine” is the company “SCP Luxembourg SA RL” from Luxembourg, and the ultimate beneficiary is Viviana Prema Vatsu from Canada. According to data of the analytical system “YouControl”, the winner is part of the corporate group “Fairfax Financial Holding” – an international insurance group, represented in Ukraine by the companies PrJSC “SK “Universalna”, TDV “SK “ARKS Life” and JSC “SK “ARKS”, which are part of the non-banking financial group “Fairfax”, controlled by Vivian Prem Vatsa, Chairman and CEO of “Fairfax Financial Holdings”.
Since 2019, “Colonnade Ukraine” has received government contracts totaling UAH 57.29 million.
