Large losses at the Manx-based National Grid Insurance Company weren't enough to lower the captive insurer’s financial strength rating.
AM Best has affirmed the captive insurer's A rating.
The American rating agency says it made the decision because of the insurer's strong risk-adjusted capitalisation and comprehensive reinsurance program.
The company, owned by National Grid, is expected to incur around £40 million in net claims from this year’s summer floods in Europe.
Is 'inter-generational home sharing' the solution to the loneliness epidemic and housing crisis?
Island businessman says he has found the answer
DfE provided more than £250,000 to MT to assist with below ground fibre installations
Minister says figure was to ensure premises deemed not commercially viable could be included in rollout
Scott Leathers enters liquidation
Company who supplied race suits for Dunlop and McGuinness is wound up
Cyclist to Ride 2,000km from Italy to Peel for Sight Matters
This is a paid promotion on behalf of Sight Matters
