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Summary: Tokio Millennium Re (UK) Ltd. Dec 11 Product Image

Summary: Tokio Millennium Re (UK) Ltd. Dec 11

  • ID: 2033622
  • December 2011
  • Region: United Kingdom, Great Britain
  • Standard & Poors

Abstract
The rating on London-based Tokio Millennium Re (UK) Ltd. (TMRUK) reflects the unconditional guarantee of policy obligations provided to the entity by Japan-based Tokio Marine & Nichido Fire Insurance Co. Ltd. (Tokio Marine Nichido; AA-/Negative/A-1+), part of Tokio Marine Group. TMRUK is a wholly owned subsidiary of Tokio Marine Nichido. This explicit support agreement meets the guarantee criteria of Standard & Poor's Ratings Services. Standard & Poor's expects Tokio Marine Nichido to ensure that claims made by TMRUK policyholders are paid, and as a consequence, the rating on TMRUK will move in tandem with those on Tokio Marine Nichido. TMRUK started operations as a reinsurance company as Tokio Marine Global Ltd. in 2005, mainly providing direct and facultative reinsurance for...

Companies mentioned in this report are: Tokio Millennium Re (UK) Ltd.
Action: Review

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