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OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) and issuer credit ratings of "aa-"¯ of Sompo Japan US Group (US Group) and its members. The US Group is comprised of Sompo Japan Insurance Company of America and
its wholly owned reinsured subsidiary, Sompo Japan Fire and Marine Insurance Company of America. The outlook for all ratings is stable. All companies are domiciled in New York, NY, unless otherwise specified.
The ratings for the US Group reflect its excellent capitalization, continued parental support and improved operating results. The US Group benefits from its affiliation with Sompo Japan Insurance Inc. (Sompo Japan)
(Tokyo, Japan), one of the largest property/casualty insurers in Japan. The US Group's primary directive is to provide top quality service to Sompo Japan's clients who operate in the United States.
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
Source: A.M. Best Co.
This is a news service of Thomson Business Intelligence Service ©2006. This content is for your personal use only, subject to Terms and Conditions. No redistribution allowed.
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