AM Best Affirms NEIL Group Rating

We are pleased to announce that AM Best has affirmed the Financial Strength Rating (FSR) of “A” (Excellent) and an Issuer Credit Rating (ICR) of “a+” (Excellent) for Nuclear Electric Insurance Limited (NEIL) (Wilmington, Delaware) and its wholly-owned subsidiaries. 

NEIL 2025 Annual Report and Financial Statements

NEIL is pleased to release its 2025 Annual Report and Consolidated Financial Statements.

2026 Strategy Bulletin

The Strategy Bulletin highlights the review process and key considerations that will be used to inform the Company’s strategic direction for the next few years.

NEIL Board of Directors Approves a Policyholders Distribution for 2025

At its December 11, 2025, meeting, NEIL’s Board of Directors approved a Policyholder Distribution of $600 million, with $510 million being allocated based on each Member’s Policyholder Insurance Record and $90 million being allocated based on the Members’ Earned Premium Ratio.

NEIL's New Vice President - Specialty Underwriting

We are pleased to announce Scott Aiello as NEIL’s new Vice President of Specialty Underwriting.

NEIL's New Vice President - Loss Prevention

We are pleased to announce Jack Smerecky as NEIL’s new Vice President of Loss Prevention.

NEIL 2024 Annual Report and Financial Statements

NEIL is pleased to release its 2024 Annual Report and Consolidated Financial Statements.

Distribution Announcement

This year’s Distribution reflects NEIL’s commitment to delivering targeted and sustainable financial returns to the Members, balancing the strong investment returns during the year against the challenging underwriting performance.

Distribution Announcement

At its December 9, 2022 meeting, NEIL’s Board of Directors approved a Policyholder Distribution of $150 million, with $127.5 million being allocated based on each Member’s Policyholder Insurance Record and $22.5 million being allocated based on the Members’ Earned Premium Ratio.

2022 Strategy Bulletin

Throughout 2021, NEIL’s Leadership team engaged in a comprehensive strategy review that examined NEIL’s role as a key insurance partner for our Members.

Cedar Hamilton to Start Binding Coverage; AM Best Announces Ratings for Cedar Hamilton and NEIL

We are pleased to announce that Cedar Hamilton Limited will begin binding coverage effective April 1, 2021.

Cedar Hamilton Limited Granted a Class 3 License

We are pleased to announce that Cedar Hamilton Limited (“Cedar Hamilton”) has been granted a Class 3 license by the Bermuda Monetary Authority, a significant step towards our objective of writing business through the company by April 1, 2021

NEIL Service's Loss Control Department Renamed to NEIL Services Loss Prevention

Effective September 7, 2020 the Department has been renamed NEIL Services Loss Prevention and the Loss Control Representatives are now titled Loss Prevention Engineers (LPE).