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Summary: Tokio Marine Compa??a de Seguros S.A. de C.V. Dec 11
Standard & Poors, December 2011
Status as a strategically important subsidiary of Tokio Marine & Nichido Fire Insurance Co. Ltd., which provides business and financial support through an unconditional guarantee; Good capitalization and strong financial flexibility; and Conservative investment practices, reflected in a highly liquid portfolio. Strong market competition; and Weak operating performance associated with aggressive growth in 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 provided by its parent, Japan-based Tokio Marine & Nichido Fire Insurance Co. Ltd. (TMNF; AA-/Negative/--). The Mexican subsidiary is a wholly owned subsidiary of TMNF, which is part of the Tokio Marine Group. The explicit support agreement meets Standard &...
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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Tokio Marine Compania de Seguros S.A. de C.V.,Tokio Marine & Nichido Fire Insurance Co. Ltd.