A.M. Best Withdraws Ratings of Tenet Insurance Company Ltd Following Its Merger With Sompo Japan Insurance (Singapore) Pte. Ltd.

HONG KONG--()--A.M. Best Asia-Pacific Limited has withdrawn the financial strength rating of A (Excellent) and issuer credit rating of “a” of Tenet Insurance Company Ltd (Tenet) (Singapore) following the transfer of Tenet’s business to its affiliate, Sompo Japan Insurance (Singapore) Pte. Ltd. (Singapore) on January 1, 2013 to form Tenet Sompo Insurance Pte. Ltd.

The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Contacts

A.M. Best Asia-Pacific Limited
Arina Tek
Senior Financial Analyst
+852-2827-3424
arina.tek@ambest.com
or
Moungmo Lee
General Manager, Analytics
+852-2827-3402
moungmo.lee@ambest.com
or
Rachelle Morrow
Senior Manager, Public Relations
+(1) 908 439 2200, ext. 5378
rachelle.morrow@ambest.com
or
Jim Peavy
Assistant Vice President, Public Relations
+(1) 908 439 2200, ext. 5644
james.peavy@ambest.com

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Contacts

A.M. Best Asia-Pacific Limited
Arina Tek
Senior Financial Analyst
+852-2827-3424
arina.tek@ambest.com
or
Moungmo Lee
General Manager, Analytics
+852-2827-3402
moungmo.lee@ambest.com
or
Rachelle Morrow
Senior Manager, Public Relations
+(1) 908 439 2200, ext. 5378
rachelle.morrow@ambest.com
or
Jim Peavy
Assistant Vice President, Public Relations
+(1) 908 439 2200, ext. 5644
james.peavy@ambest.com