Published:
A.M. Best Affirms Ratings of Tokio Marine & Nichido Fire US Group and TNUS Insurance Company
OLDWICK, N.J. - (BUSINESS WIRE) - A.M. Best Co. has affirmed the financial strength rating (FSR) of
A++ (Superior) and issuer credit ratings (ICR) of "aa+" of Tokio
Marine & Nichido Fire US Group (US Group) and its members. The
US Group is comprised of the U.S. Branch of Tokio Marine & Nichido
Fire Insurance Co., Ltd. (TMNF) (Japan) and its three wholly owned
reinsured subsidiaries: TM Casualty Insurance Company, TM
Specialty Insurance Company (Phoenix, AZ) and Trans Pacific
Insurance Company.
Additionally, A.M. Best has affirmed the FSR of A (Excellent) and ICR of
"a" of TNUS Insurance Company (TNUS). The outlook for all ratings
is stable. All companies are domiciled in New York, NY, unless otherwise
specified.
The ratings of the US Group reflect the status of the U.S. Branch of
TMNF and the critical role it plays as part of TMNF's global strategy.
The primary focus of the US Group's strategy is to support the insurance
needs of TMNF's clients that are doing business in the United States.
The ratings also reflect the strong risk-adjusted capitalization and
excellent overall earnings of the US Group.
The ratings for TNUS recognize its low underwriting leverage and the
extensive support provided by TMNF, which is offset by its transitioning
business profile. Management plans to use TNUS as a deviation vehicle
for multi-tier filing.
For Best's Credit Ratings, an overview of the rating process and rating
methodologies, please visit www.ambest.com/ratings.
The principal methodologies used in determining these ratings, including
any additional methodologies and factors that may have been considered,
can be found at www.ambest.com/ratings/methodology.
Founded in 1899, A.M. Best Company is a global full-service credit
rating organization dedicated to serving the financial and health care
service industries, including insurance companies, banks, hospitals and
health care system providers. For more information, visit www.ambest.com.
A.M. Best Co.
Analysts:
Duncan McColl,
908-439-2200, ext. 5826
duncan.mccoll@ambest.com
or
Joseph
Roethel, 908-439-2200, ext. 5630
joseph.roethel@ambest.com
or
Public
Relations:
Jim Peavy, 908-439-2200, ext. 5644
james.peavy@ambest.com
or
Rachelle
Morrow, 908-439-2200, ext. 5378
rachelle.morrow@ambest.com
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