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.
New Autopsy of Baby Killed by Police in Mississippi Deepens Outrage 
Cedents Find Competitive Market Conditions at Midyear Reinsurance Renewals: Brokers 
Premiums Will Skyrocket by 2035, and Discounts Not Enough for Wind Mit, Studies Say 
Insurers Avoid €580 Million Hit From Nord Stream Pipeline Blasts 
