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AM Best Affirms NEIL Group's "A" (Excellent) Rating

16 May 2024

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, DE) and its wholly-owned subsidiaries Cedar Hamilton Limited (Hamilton, Bermuda) and NEIL Overseas dac (Dublin, Ireland).  The outlook for both the FSR and ICR is “stable.”  

In the Press Release,  Am Best Press Release - NEIL Group Rating, AM Best notes the rating reflects the NEIL companies’ balance sheet strength (assessed as strongest), operating performance, favorable business profile, and appropriate enterprise risk management.  The full AM Best report will be available for distribution, and posted to the NEIL website, shortly.

AM Best is a leading global credit rating agency serving the insurance industry.