A.M. Best Affirms Ratings of Tokio Marine America Insurance Company and Its Subsidiaries

OLDWICK, N.J.--()--A.M. Best has affirmed the financial strength rating of A++ (Superior) and the issuer credit ratings of “aa+” of Tokio Marine America Insurance Company (TMAIC) and its subsidiaries. TMAIC has separate 100% quota share agreements with the affiliates: Trans Pacific Insurance Company, TM Specialty Insurance Company (Phoenix, AZ) and TNUS Insurance Company. The outlook for each rating is stable. All companies are domiciled in New York, NY, unless otherwise specified.

TMAIC is a wholly owned subsidiary of Tokio Marine North America Inc., which is an insurance holding company subsidiary of Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF), a subsidiary of Tokio Marine Holdings, Inc. (TMHD).

The ratings for TMAIC and its subsidiaries reflect their strong capital position, favorable overall operating performance and well-defined business profile. These companies serve a critical role in TMNF’s worldwide strategy. The primary focus of these subsidiaries is to support the needs of TMNF’s clients that have operations in the United States.

The ratings of TMAIC are directly related to the ratings of TMNF; therefore, any upward or downward movement in the ratings of TMNF would affect the ratings of TMAIC. Also, any material change in the financial condition of TMNF or its commitment to the market in the United States could impact the ratings of TMAIC. Separately, the ratings may be negatively impacted if TMAIC’s capitalization or operating performance falls markedly short of expectations.

This press release relates to rating(s) that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2016 by A.M. Best Rating Services, Inc. ALL RIGHTS RESERVED.

Contacts

A.M. Best
Robert Raber
Senior Financial Analyst
+1 908 439 2200, ext. 5696
robert.raber@ambest.com
or
Anthony Diodato
Group Vice President
+1 908 439 2200, ext. 5704
anthony.diodato@ambest.com
or
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
or
Jim Peavy
Assistant Vice President, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

Contacts

A.M. Best
Robert Raber
Senior Financial Analyst
+1 908 439 2200, ext. 5696
robert.raber@ambest.com
or
Anthony Diodato
Group Vice President
+1 908 439 2200, ext. 5704
anthony.diodato@ambest.com
or
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
or
Jim Peavy
Assistant Vice President, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com