Research Update: Tokio Marine Compañía de Seguros 'AA-' Global Scale And 'mxAAA' National Scale Ratings Affirmed Mar 13
- Language: English
- Published: March 2013
- Region: Global
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.
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Research Type: Full Analysis
Tokio Marine Compania de Seguros, S.A. de C.V. ,Tokio Marine & Nichido Fire Insurance Co. Ltd.