OREANDA-NEWS. A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a” of Palms Insurance Company, Limited (Palms) (George Town, Cayman Islands). The outlook for each rating remains stable.

The ratings reflect Palms’ excellent risk-adjusted capitalization, history of consistently strong operating performance and conservative balance sheet strategies, as well as the captive’s strong integration within the risk management structure of its parent, NextEra Energy Capital Holdings, Inc. (NEECH). The ratings also recognize Palms’ history of maintaining sufficient capital and financial resources to support its ongoing obligations.