A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) of The Tokio Marine and Fire Insurance Company Ltd, Japan. The outlook is negative.
The rating reflects Tokio Marine's superior capitalization, strong balance-sheet flexibility and advanced risk management platform. A.M. Best also views favorably the company's dominant position in Japan's general insurance sector, which will remain a competitive advantage in the foreseeable future. The proposed merger with Nichido Fire to be completed in October 2004 is expected to further enhance the combined entity's ability to gen...
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