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.
Scallop landings up slightly on last year
Shellfish of an 'exceptionally high' quality
Number of people out of work rose in December
Island's unemployment rates stands at 0.8%
U-turn over plans to suspend work permits
Enterprise minister says he recognises importance of work permits following feedback from politicians
Government spends more than £200,000 on Orsted legal advice
Chief minister provides breakdown of government spending on windfarm project
