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.

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

New Nuclear Underwriting and Loss Prevention Workshop Postponed

The new date for the Workshop is April 15-16, 2025.

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.

AM Best Rating Assigned for NEIL Overseas

We are pleased to report that AM Best has assigned NEIL Overseas dac a Financial Strength Rating (FSR) of “A” (Excellent) and an Issuer Credit Rating (ICR) of “a+” (Excellent).

AM Best Rating Reaffirmed

NEIL is pleased to report that AM Best has reaffirmed NEIL’s and Cedar Hamilton Limited’s group Financial Strength Rating (FSR) of “A” Excellent and Issuer Credit Rating (ICR) of “a+”. In addition, AM Best reaffirmed the outlook for both the FSR and ICR as stable.

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.

COVID-19 Update for Fall NEIL Meetings

We regret to announce that based on the results of our IAC Member survey and recent news regarding Covid-19, we are shifting the October 6-7 IAC meetings from in-person to a virtual format. This includes the IAC Executive Committee and the Cedar Hamilton Risk Advisory Council meetings.

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).