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AM Best Affirms Credit Ratings of National Grid Insurance Company (Isle of Man) Limited AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of National Grid Insurance Company (Isle of Man) Limited (NGICL), a captive insurer of National Grid plc (NG). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect NGICL s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. NGICL s balance sheet strength is underpinned by risk-adjusted capitalisation at the strongest level, as measured by Best s Capital Adequacy Ratio (BCAR). AM Best expects NGICL s BCAR scores to remain comfortably above the minimum required for the strongest assessment, reflecting the company s strategy to maintain sufficient capital buffers to absorb potential volatility stemming from the large maximum

United statesMexico cityDistrito federalUnited arab emiratesHong kongCity ofUnited kingdomNoord hollandJim peavyAlgirdas karvelisChristopher sharkeyNational gridAm best rating services incExcellent of national grid insurance company isleRating action pressWoman limited