HONG KONG, Oct 21 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of Tokio Marine Pacific Insurance Limited (TMPI) (Guam). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect TMPI’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. The ratings also acknowledge the wide range of implicit and explicit support that TMPI receives from Tokio Marine & Nichido Fire Insurance Company, Limited (TMNF), which is the main insurance operating entity of Tokio Marine Holdings, Inc. (TMH).