AM Best Affirms Credit Ratings of Sompo Japan Insurance Inc. and its Subsidiaries; AM Best Affirms Issuer Credit Rating of Sompo International Holdings Ltd.

HONG KONG, Sept 22 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) of Sompo Japan Insurance Inc. (SJ) (Japan) and its subsidiaries. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed list of companies below).

Concurrently, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) of Sompo International Holdings Ltd. (SIH) (Pembroke, Bermuda). In addition, AM Best has affirmed the Long-Term Issue Credit Rating (Long-Term IR) of “a-” (Excellent) on $335 million 7% senior unsecured notes due by 2034 (which is guaranteed by SIH). The outlooks of these ratings are stable.

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