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.
Impeachment Sought on Federal Judge Over Sex in Chambers, Lying to Investigators 
Miami Moves to Seize Part of Posh Island After Fuel Fight 
Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete 
US Declares Power Emergency in Southeast as Heat Strains Grids 
