A.M. Best Co. has assigned an initial financial strength rating of “A+” (Superior) to Nichido Insurance Company (Pacific) Limited, (Nichido Pacific), Guam. The outlook is negative.
Satisfying A.M. Best’s reinsured rating criteria, the rating is based on the financial strength of Nichido Pacific’s parent company, The Nichido Fire and Marine Insurance Company Ltd. (Nichido Fire), and its relationship as an affiliated reinsurer to Nichido Pacific. Nichido Fire reinsures 90 percent of Nichido Pacific’s business. Therefore, Nichido Pacific has been assigned the same rating as its parent, as well as its financial size category of XV.
Topics AM Best
Was this article valuable?
Here are more articles you may enjoy.
Why New York’s Attorney General Objects to Trump’s Bond Insurer 
Jury Awards $80M to 3 Former Zurich NA Employees for Wrongful Termination 
FBI Says Chinese Hackers Preparing to Attack US Infrastructure 
Dubai Floods Expose Weaknesses to a Rapidly Changing Climate 
