- Language: English
- Published: December 2011
Tokio Marine Compa??a de Seguros S.A. de C.V. Jun 11
- ID: 1820326
- June 2011
- Standard & Poors
Position as a strategically important subsidiary of Tokio Marine & Nichido Fire Insurance Co. Ltd., which provides it with business and financial support through an unconditional guarantee Good capitalization and strong financial flexibility Conservative investment practices, creating a highly liquid portfolio Strong market competition Weak operating performance associated with aggressive growth over the past few years Standard & Poor's Ratings Services' rating on Tokio Marine Compa--a de Seguros S.A. de C.V. (TMX) reflects the unconditional guarantee of policy obligations that its parent, Japan-based Tokio Marine & Nichido Fire Insurance Co. Ltd. (TMNF; AA/Negative/A-1+), provides. The Mexican subsidiary is a wholly owned subsidiary of TMNF, which is part of the Tokio Marine Group. The explicit support agreement meets Standard & Poor's...
Companies mentioned in this report are: Tokio Marine Compania de Seguros, S.A. de C.V. ,Tokio Marine & Nichido Fire Insurance Co. Ltd.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Tokio Marine Compania de Seguros, S.A. de C.V. ,Tokio Marine & Nichido Fire Insurance Co. Ltd.