Nuclear Electric Insurance Limited
Rachana Sarmad is a seasoned accounting professional with extensive experience in operations accounting, budgeting, and financial reporting. Currently serving as a Senior Operations Accountant at Nuclear Electric Insurance Limited since April 2014, Rachana has advanced from Staff Accountant and Senior Staff Accountant roles. Responsibilities include overseeing accounts payable, implementing automated systems, maintaining credit card accounts, and ensuring compliance with GAAP and regulatory standards. Previous positions include roles at Checkpoint Systems, JPMorgan Chase, Citigroup, and Discover Financial Services, where Rachana demonstrated expertise in financial reconciliation, intercompany account management, and fraud investigation. Rachana holds a Master of Science in Accounting from Wilmington University and has earned multiple accounting-related degrees from various institutions. Additionally, Rachana is an active member of the Diversity, Equity, and Inclusion Committee.
Nuclear Electric Insurance Limited
NEIL is incorporated under the laws of Bermuda, has its place of business in Wilmington, Delaware and is a registered insurer in Bermuda and Delaware. The Company insures electric utilities for damages to insured sites, decontamination expenses incurred at such sites arising from nuclear contamination, other risks of direct physical loss at such sites, certain premature decommissioning costs, and the costs associated with certain long-term interruptions of electricity supply. Nuclear power is vital to ensuring the clean energy needs of tomorrow. NEIL’s Mission is to enable nuclear power through our commitment to: Financial Strength – Maintain resources to cover two policy limit losses Our Members – Delivering value by providing sustainable, cost effective and comprehensive insurance coverage to our Members Self Determination – Developing superior solutions hand in hand with our Members