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AM Best has commented that the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of“ bb+” of Mandal Daatgal JSC remain unchanged. This comment follows the recent uncertainty surrounding the credit profile of Mandal’ s major treaty and facultative reinsurers. Based on AM Best’ s exchange with Mandal’ s management, these reinsurers have a. ....
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of The Dai-ichi Life Insurance Company, Limited, the wholly owned operating subsidiary of Dai-ichi Life Holdings, Inc.. The outlook of these Credit Ratings is stable. This assessment also is supported by the group’ s low financial leverage, albeit higher than some. ....
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of Nippon Life Insurance Company. Concurrently, AM Best has affirmed the FSR of A- and the Long-Term ICR of“ a-” of Nippon Life Insurance Company of America. Although the company is exposed to moderate equity risk from its stock investment portfolio, its sizable. ....
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of Tokio Marine Pacific Insurance Limited. The ratings also acknowledge the wide range of implicit and explicit support that TMPI receives from its parent, Tokio Marine& Nichido Fire Insurance Co., Ltd.. ....
Press release content from Business Wire. The AP news staff was not involved in its creation. Best’s Market Segment Report: AM Best Maintains Negative Outlook on Japan Life Insurance Market June 29, 2021 GMT HONG KONG (BUSINESS WIRE) Jun 28, 2021 AM Best is maintaining its negative market segment outlook on Japan’s life insurance segment, citing the social and economic impacts of the COVID-19 pandemic on life insurers’ top-line growth and significantly dampened investment income due to low interest rates. A new Best’s Market Segment Report, “Market Segment Outlook: Japan Life Insurance,” notes that Japan continues to face ongoing pressure domestically and abroad from the economic fallout from the COVID-19 pandemic. Consequently, AM Best’s negative outlook primarily reflects an anticipation of headwinds for the near-term operating performance metrics of Japan life insurers. In AM Best’s view, the current and forecast macroeconomic condition ....