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Toa Reinsurance Co. Jan 12
Standard & Poors, Jan 2012
Abstract
Strong competitive position as the sole domestic reinsurer serving the non-life and life sector in Japan Increasing diversity, both in terms of geographical markets and business lines (life reinsurance, co-operatives, overseas business) Strong capitalization supported by a satisfactory retrocession program, although it is subject to developments in catastrophe claims Highly liquid asset portfolio Minimal growth in Japan's non-life reinsurance market The ratings on Toa Reinsurance Co. (Toa Re; A+/Watch Neg/--) reflect its strong competitive position in Japan's non-life insurance market, increasing diversification in terms of geographical markets and business lines, strong capitalization, and highly liquid asset portfolio. These strengths are partly offset by minimal growth in the Japanese non-life reinsurance market. We placed the long-term counterparty and financial strength ratings...
Companies mentioned in this report are: Toa Reinsurance Co.
Action: Review
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
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