A.M. Best Co. announced that it has withdrawn the financial strength rating of “B++” (Very Good) of Unum Japan Accident Insurance Co. Ltd. following the change in ownership to Hitachi Capital Corporation.
“UnumProvident Corporation sold Unum Japan to Hitachi Capital Corporation, and it was subsequently renamed Hitachi Capital Insurance Corporation,” said Best. “Upon the company’s request, A.M. Best withdrew the rating. Hitachi Capital Insurance Corporation has been assigned an NR-5 (Not Formally Followed) status.”
Was this article valuable?
Here are more articles you may enjoy.
Palm Beach Billionaires Feud Over Who’s Really Protecting the Everglades 
Florida Sunshine: Big Improvement in Combined Ratio in 2025, Gallagher Says 
AI for the Defense: Should Insurers or Law Firms Pay? 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
