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Tokio Marine Life Insurance Singapore Ltd. Dec 11
Standard & Poors, December 2011
Strong implicit support from the wider Tokio Marine group Good and liquid investment profile Adequate, though volatile, operating performance Weakened, but adequate, capitalization relative to risk profile Modest competitive position in Singapore and Malaysia's life insurance markets The rating on Tokio Marine Life Insurance Singapore Ltd. (TMLS) reflects the strong implicit support the company receives from its parent Tokio Marine & Nichido Fire Insurance Co. Ltd. (Tokio Marine; AA-/Negative/A-1+) and TMLS' strategically important role to the wider group's Asia expansion plans. The rating also reflects our view that TMLS has a good investment profile and adequate, though volatile, operating performance. Moderating these factors are the company's weakened, but adequate, capital position relative to its risk profile and its modest competitive...
Companies mentioned in this report are: Tokio Marine Life Insurance Singapore 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 Life Insurance Singapore Ltd.