AM Best has assigned a B++ (very good) insurer financial strength rating to Isle of Man-based Western Isles Insurance Company (WIICL). The rating outlook is stable.

It said the rating for WIICL reflected its stable capitalisation and profitable prospective operating performance.

An offsetting factor in the rating is the company’s dependence upon business generated by its Moscow-based parent company, Soglasie Insurance Company, said the ratings agency.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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